Outcome of Board Meeting dated 13th May 2026 started at 4 P.M. and concluded at 7 P.M. of the Audited Financials 31st March 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gallard Steel Limited reported strong annual performance for FY 2025-26 with standalone revenue of Rs 5,747.22 lakhs, up 34.25% from Rs 4,280.71 lakhs in the previous year. Net profit after tax grew 63.2% to Rs 673.38 lakhs from Rs 412.53 lakhs. The company completed its IPO in November 2025, raising Rs 37.50 crores through issuance of 25 lakh equity shares at Rs 150 each. Of the IPO proceeds, Rs 1,148.50 lakhs has been utilized (capital expenditure Rs 450.75 lakhs, debt repayment Rs 720 lakhs, general corporate purposes Rs 206.87 lakhs, issue expenses Rs 490.88 lakhs), with Rs 2,601.50 lakhs remaining invested in fixed deposits. The auditors issued an unmodified (clean) opinion on both standalone and consolidated financial statements.
The company delivered robust double-digit revenue and profit growth following its IPO listing. Strong PAT growth of 63% and clean audit opinion are positive signals for shareholders, though the significant unutilized IPO proceeds and declining operating cash flow warrant monitoring.