Gallantt Ispat Limited Posts Q1 FY27 Results; EBITDA Margin at 18% as Capex Remains On Track

Gallantt Ispat Limited Posts Q1 FY27 Results; EBITDA Margin at 18% as Capex Remains On Track​

Gallantt Ispat Limited, a major producer of Rebars in Uttar Pradesh with a reported 25% market share in its addressable geographies, has announced its first quarter (Q1) and full fiscal year 2027 financial results. The company's performance reflected steel realizations and the planned shutdown of its pellet plant for maintenance and utilization improvement.

The integrated manufacturing model provided structural cost advantages despite external pressures regarding commodity costs and geopolitical developments.

Q1 FY27 Financial Performance Highlights​

For Q1 FY27, Revenue from Operations stood at ₹1146 Cr, showing a 2% year-on-year (YoY) growth compared to Q1 FY26. EBITDA for the quarter was ₹203 Cr, translating to an EBITDA margin of 18%. Profit After Tax (PAT) was reported at ₹124 Cr, achieving a PAT margin of 11%.

The financial trends across various metrics were detailed in the summary below:

Operational Updates and Volumes​

The company reported both production and sales volumes across various product lines. Production during the quarter was significantly influenced by the planned annual shutdown of the pellet plant, which was conducted to improve future utilization and conduct maintenance.

Key operational data for Q1 FY27 is presented as follows:


Sales volumes reflected the focused product lines during the quarter:

Management Commentary​

Mr. C. P. Agrawal, Chairman and Managing Director of Gallantt Ispat Limited, provided commentary on the results. He stated that Q1 FY27 was influenced by a seasonally slow quarter for the industry, particularly citing monsoon impact on construction output and long product prices like TMT. Costs for coal and iron ore also saw upward pressure across the industry, amplified by geopolitical tensions in regions such as the Middle East, which affected global freight and input costs.

Despite these challenges, Agrawal noted that the operating performance held up sequentially. The EBITDA margin improved 50 basis points quarter-on-quarter to 18%, while PAT remained stable at ₹124 crore, although both figures were below last year's strong base.

The Chairman also provided an update on future strategy:

• The company's ₹3,000 crore expansion project targeting 1.23 MMTPA remains on track for the second half (H2) of FY27.
• Targeted captive iron ore blocks in Rajasthan and Uttar Pradesh are scheduled for FY2028, which is expected to improve cost positioning and raw material security moving forward.

GALLANTT Stock Price Movement​

Gallantt Ispat Limited shares rallied on Monday, closing at ₹547.25 after gaining 5.00% on the day. The equity finished the session having traded a volume of 176,732 shares.