Gallantt Ispat Limited has released its audited financial results for the quarter and fiscal year ended March 31, 2026. The company reported a resilient performance for FY26, achieving a revenue from operations of ₹4,418.9 Cr and a net profit of ₹484.3 Cr, representing a 20.8% growth over the previous year. The board has recommended a final dividend of ₹2.00 per equity share for the fiscal year, subject to shareholder approval.

Financial Performance Overview

For the full fiscal year 2026, the company recorded an EBITDA of ₹776.0 Cr with a healthy margin of 17.6%. The Profit After Tax (PAT) margin stood at 11.0%, reflecting strong cost management and operational efficiencies despite softer steel realizations. In Q4 FY26, revenue reached ₹1,204.8 Cr, a 12.4% increase year-over-year, while PAT for the quarter stood at ₹122.8 Cr with a margin of 10.2%.

Operational Highlights

The company reported significant growth in production volumes for backward-integrated products. Pellet production for FY26 increased by 37% year-over-year to 819 KT, while DRI production rose by 21% to 915 KT. TMT Bar sales volumes remained stable at 766 KT for the year. The strategic shift to channeling more pellet and DRI output internally supported margin improvements during the year.

Strategic Outlook and Capex

Gallantt Ispat remains a net cash, zero term-debt company. An ongoing capex programme of ₹3,000 Cr is on track, focusing on capacity expansion, mine development, and renewable energy. Management noted that the expansion of finished steel capacity from 1.00 MMTPA to 1.29 MMTPA will be commissioned in H2 FY2027. Additionally, the operationalisation of iron ore mines in Rajasthan and Uttar Pradesh by FY2028 is expected to improve EBITDA margins by approximately ₹2,000 per tonne.

Board Reconstitution and Dividend

The Board of Directors approved the audited financial results and recommended a final dividend of 20%, or ₹2.00 per equity share, for FY26. Notably, some Promoter Group shareholders voluntarily waived their right to receive the dividend to retain funds for ongoing expansion. The Board also accepted the resignations of Mrs. Smita Modi and Mr. Pankaj Khanna as Independent Directors effective May 5, 2026, citing work pressure and pre-occupation. Consequently, Mr. Sanjay Kumar Jain and Mr. Kishore Pariyar were appointed as Additional Directors (Non-Executive Independent) for a term of five years subject to shareholder approval. The Audit, Nomination and Remuneration, Stakeholders Relationship, and Corporate Social Responsibility Committees were reconstituted to reflect these changes.

Gallantt Ispat Limited has submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026. The certificate was filed with both BSE Limited and National Stock Exchange of India Limited on April 10, 2026.

Regulatory Compliance Certificate

The certificate was issued by M/s. Niche Technologies Private Limited, serving as the company's Registrar and Share Transfer Agent. The document confirms compliance with mandatory regulatory requirements for the fourth quarter of fiscal year 2026.

Dematerialisation Process Confirmation

Niche Technologies Private Limited, as the registrar and share transfer agent, confirmed that all securities received from depository participants for dematerialisation during Q4FY26 were properly processed. The certificate states that securities were confirmed to the depositories and have been listed on stock exchanges where the company's earlier issued securities are traded.

The registrar also confirmed that security certificates received for dematerialisation were mutilated and cancelled after due verification. The name of the depository was substituted in the register of members as the registered owner, completing the dematerialisation process.

Company Information

Gallantt Ispat Limited operates with its registered office and Gorakhpur unit located at Gorakhpur Industrial Development Authority (GIDA), Sahjanwa, Gorakhpur, Uttar Pradesh. The company also maintains a Gujarat unit at Survey No. 175/1, Near Toll Gate, Samakhyali, Bhachau, District Kutch, Gujarat.

The submission was signed by Nitesh Kumar, Company Secretary and Compliance Officer, ensuring proper authorization and compliance with regulatory filing requirements.