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Gallantt Ispat Q3 FY26 PAT at ₹100 Cr; 9M FY26 PAT Grows 27% YoY to ₹361 Cr
Gallantt Ispat reported a mixed Q3 FY26 with PAT declining 14% YoY to ₹100 Cr due to softer steel realizations, although 9M FY26 performance remains robust with a 27% PAT growth. The company maintained a healthy EBITDA margin of 17.45% for the nine-month period, supported by structural cost advantages and backward integration. Management anticipates a stronger Q4 FY26 driven by seasonal volume growth and price recovery. The company remains virtually debt-free with a Debt/Equity ratio of 0.1x, funding its expansion through internal accruals.
Key Highlights
9M FY26 PAT increased by 27% YoY to ₹361 Cr, while EBITDA rose 10% to ₹567 Cr.
Q3 FY26 revenue stood at ₹1,089 Cr, down 2.7% YoY, impacted by lower steel realizations.
EBITDA per tonne for 9M FY26 improved by 8.6% YoY to ₹8,749, reflecting operational efficiency.
Secured long-term iron ore mining reserves in Rajasthan (~85 MT) and Uttar Pradesh (~51 MT).
Maintains a strong balance sheet with a Debt/Equity ratio of 0.1x and gross block of ₹2,126 Cr.
💼 Action for Investors
Investors should monitor the recovery in steel realizations in Q4 and the progress of backward integration into iron ore mines. The company's debt-free status and strong regional market share in UP and Gujarat make it a resilient mid-cap steel play.
Gallantt Ispat Q3 FY26 Net Profit at ₹100.41 Cr, Up 15% QoQ but Down 11.6% YoY
Gallantt Ispat reported a consolidated revenue of ₹1,073.58 crore for Q3 FY26, showing a 6% sequential growth but a 4% year-on-year decline. Net profit for the quarter stood at ₹100.41 crore, recovering from the previous quarter's ₹87.23 crore but lower than the ₹113.67 crore recorded in the same period last year. For the nine-month period ending December 2025, the company showed strong bottom-line growth, with net profit rising 27% to ₹361.44 crore compared to ₹284.44 crore in 9M FY25. The company continues to operate primarily in the steel and TMT bar manufacturing segment.
Key Highlights
Consolidated Revenue from operations for Q3 FY26 stood at ₹1,073.58 crore vs ₹1,118.32 crore YoY.
Net Profit for the quarter reached ₹100.41 crore, a 15% increase over the immediate previous quarter (Q2 FY26).
9M FY26 Net Profit grew significantly by 27% YoY to ₹361.44 crore despite nearly flat revenues of ₹3,214.11 crore.
Earnings Per Share (EPS) for the quarter was ₹4.16 compared to ₹4.71 in the corresponding quarter of the previous year.
Total expenses for the quarter were ₹965.57 crore, reflecting efficient cost management compared to the ₹953.93 crore in Q3 FY25.
💼 Action for Investors
Investors should monitor the company's ability to sustain margin improvements seen in the 9M results despite stagnant YoY revenue growth. The stock remains a play on domestic infrastructure demand, but the YoY decline in quarterly profit warrants a cautious outlook.
Gallantt Ispat Q3 Net Profit Rises 15% QoQ to ₹100.41 Cr; Revenue Dips 9.4% YoY
Gallantt Ispat reported a consolidated net profit of ₹100.41 crore for the quarter ended December 31, 2025, marking a 15.1% growth on a sequential basis (QoQ). However, revenue from operations declined by 9.4% year-on-year (YoY) to ₹1,012.75 crore. For the nine-month period (9M FY26), the company showed strong profitability growth of 25.4%, reaching ₹361.44 crore despite flat revenue, suggesting significant margin expansion. The company continues to operate primarily in the steel and allied products segment, including TMT bars and pellets.
Key Highlights
Consolidated Net Profit for Q3 FY26 stood at ₹100.41 crore, up from ₹87.23 crore in Q2 FY26.
Revenue from operations decreased to ₹1,012.75 crore in Q3 FY26 compared to ₹1,118.32 crore in Q3 FY25.
9M FY26 Net Profit surged 25.4% YoY to ₹361.44 crore from ₹288.14 crore in the previous year.
Earnings Per Share (EPS) for the quarter improved to ₹4.16 from ₹3.62 in the preceding quarter.
Total expenses were controlled at ₹925.57 crore in Q3 FY26, down from ₹953.93 crore in the year-ago period.
💼 Action for Investors
Investors should note the strong margin performance in the 9M period despite revenue headwinds. While the QoQ profit recovery is positive, the YoY revenue decline warrants caution regarding demand sustainability in the steel sector.
Gallantt Ispat Q3 PAT Declines 11.6% YoY to ₹100.4 Cr; 9M Profit Surges 27%
Gallantt Ispat Limited reported a consolidated net profit of ₹100.41 crore for the quarter ended December 31, 2025, marking an 11.6% decline from ₹113.67 crore in the same period last year. Revenue from operations also decreased by 9.4% YoY to ₹1,012.75 crore. However, the company showed sequential improvement as PAT rose 15.1% compared to the September 2025 quarter. For the nine-month period (9M FY26), the company remains in a strong position with total PAT reaching ₹361.44 crore, a significant 27% increase over the previous year's ₹284.44 crore.
Key Highlights
Q3 FY26 Consolidated Revenue from operations stood at ₹1,01,275.02 Lakhs vs ₹1,11,832.11 Lakhs YoY.
Net Profit for the quarter ended Dec 2025 was ₹10,041.07 Lakhs compared to ₹11,367.32 Lakhs in Dec 2024.
Nine-month (9M) PAT grew significantly to ₹36,143.75 Lakhs from ₹28,443.51 Lakhs in the previous year.
Earnings Per Share (EPS) for the quarter was ₹4.16, down from ₹4.71 in the year-ago period.
The company incorporated a new wholly-owned subsidiary, Suryalaxmi Technologies Private Limited, during the period.
💼 Action for Investors
While the YoY quarterly decline in profit and revenue reflects sector-wide margin pressures, the strong 9M performance and sequential PAT growth are encouraging. Investors should hold their positions but monitor raw material cost trends and demand in the TMT bar segment.
Gallantt Ispat Promoters to Transfer 21.23% Stake via Inter-se Gift for Asset Streamlining
Promoter Chandra Prakash Agrawal and other family members have notified a proposed inter-se transfer of 5,12,13,544 equity shares, representing 21.226% of the company's total share capital. The transaction is an off-market transfer by way of a gift among the promoter group members and HUFs, meaning no cash consideration is involved. This move is intended to streamline family assets and will not change the overall promoter group holding, which remains at 68.931%. The transfer is scheduled to take place on or after December 12, 2025.
Key Highlights
Proposed transfer of 5,12,13,544 equity shares, accounting for 21.226% of the total share capital.
Transaction is an inter-se transfer among promoters via gift deeds with nil consideration.
Total promoter and promoter group holding remains constant at 68.931% post-transaction.
Acquisition is exempt from open offer requirements under SEBI (SAST) Regulation 10(1)(a).
The transfer is expected to occur on or after December 12, 2025.
💼 Action for Investors
This is a routine internal restructuring of promoter holdings for estate planning and does not impact the company's fundamentals. Investors should view this as neutral and continue to focus on the company's operational performance.