Gallantt Ispat Q1 Results: Net Profit Falls 29% YoY; EBITDA Margin Contracts to 16.16%

Gallantt Ispat Limited reported a standalone net profit of ₹123.67 crore for the quarter ended June 30, 2026, marking a 29% decline from the ₹173.79 crore recorded in Q1FY26. Revenue from operations rose 1.6% to ₹1,145.67 crore, up from ₹1,127.78 crore in the corresponding period last year. EBITDA declined to ₹1.85 billion rupees from ₹2.47 billion rupees in the same quarter last year, with the EBITDA margin contracting sharply to 16.16% from 21.89% year-on-year. The Board of Directors approved the unaudited financial results on July 27, 2026, alongside key administrative changes including the appointment of a new Chief Financial Officer and a change in statutory auditors.

The results were reviewed by M/s Maroti & Associates, Chartered Accountants, who issued an unmodified limited review report before resigning as statutory auditors effective July 27, 2026. Citing increased audit complexity and resource constraints, Maroti & Associates stepped down after completing the FY26 audit and the Q1FY27 review. The Board accepted the resignation and appointed M/s Singhi & Co., Chartered Accountants, as the new statutory auditor, subject to shareholder approval at the ensuing Annual General Meeting.

Financial Performance

Gallantt Ispat's total income stood at ₹1,163.98 crore, compared to ₹1,134.60 crore in Q1FY26. Other income declined to ₹18.31 crore from ₹6.82 crore in the prior year quarter. Total expenses were ₹999.16 crore, up from ₹918.23 crore year-on-year, driven primarily by higher raw material costs and other expenses. The following table summarises the key financial metrics for the quarter:

Particulars:	Q1FY27 (₹ Lakh)	Q1FY26 (₹ Lakh)	YoY Change
Revenue from Operations	114,566.71	112,777.84	+1.6%
Total Income	116,397.70	113,460.30	+2.6%
Total Expenses	99,916.25	91,823.01	+8.8%
Net Profit Before Tax	16,481.45	21,637.29	-23.8%
Net Profit After Tax	12,366.74	17,379.43	-29.0%
Basic EPS (₹)	5.13	7.20	-28.8%

Cost of raw materials consumed rose to ₹882.36 crore from ₹800.44 crore in Q1FY26. Employee benefits expense increased to ₹38.71 crore from ₹31.19 crore. Finance costs were ₹8.47 crore, higher than the ₹5.65 crore recorded in the previous year quarter. Depreciation and amortization expense stood at ₹30.11 crore.

EBITDA and Margin Performance

The EBITDA performance for the quarter reflects the pressure on operating profitability during the period. The contraction in EBITDA margin underscores the impact of rising input costs on the company's operating efficiency.

Metric:	Q1FY27	Q1FY26	YoY Change
EBITDA	₹1.85B Rupees	₹2.47B Rupees	-25.10%
EBITDA Margin	16.16%	21.89%	-5.73 pp

Key Appointments

The Board appointed Amit Jalan as Chief Financial Officer and Key Managerial Personnel, effective July 27, 2026. Jalan, who has been with the company since its incorporation, previously served as Chief Accounts Officer. He brings over 25 years of experience in finance management, corporate planning, and Ind-AS accounting. The appointment was made based on the recommendation of the Nomination and Remuneration Committee.

What the Numbers Show

While revenue growth remained modest at 1.6%, expense growth outpaced it at 8.8%, compressing profitability. The EBITDA margin decline of over 5 percentage points year-on-year, from 21.89% to 16.16%, highlights the extent of operating margin erosion during the quarter. Raw material costs accounted for the largest share of the expense increase, rising significantly year-on-year. The divergence between revenue stability and profit contraction highlights margin pressure in the steel manufacturing segment during the quarter.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.00%	-16.03%	-23.43%	+4.41%	-15.12%	+566.97%

Gallantt Ispat Limited will host its earnings conference call for the first quarter of fiscal year 2027 (Q1FY27) on Tuesday, July 28, 2026. The company disclosed the schedule under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing investors that senior management will provide updates on the firm’s financial performance and strategic direction following the close of the quarter.

The conference call is scheduled to begin at 4:00 PM Indian Standard Time (IST). This disclosure ensures that institutional investors and analysts have advance notice to participate in the discussion regarding the company’s results for the period ended June 30, 2026. The company noted that the schedule is subject to change due to exigencies on the part of the investor or the company.

Management Representation

Senior leadership from Gallantt Ispat will be available to address queries during the call. The key executives participating in the session include:

Executive Name	Designation
Dindayal Jalan	Vice Chairman
Mayank Agrawal	Chief Executive Officer

Dial-In Details

Investors can access the earnings call via pre-registration links provided by the company or through universal dial-in numbers. For international participants, specific access numbers are available for the USA, Hong Kong, UK, and Singapore.

Region	Access Number
Universal Dial In	+91 22 6280 1102 / +91 22 7115 8003
USA	186674 62133
Hong Kong	80096 4448
UK	080810 11573
Singapore	80010 12045

Corporate Information

The intimation was issued by Nitesh Kumar, Company Secretary and Compliance Officer of Gallantt Ispat Limited, bearing Membership Number F7496. The company maintains its registered office and Gorakhpur unit at the Gorakhpur Industrial Development Authority (GIDA), Sahjanwa, Gorakhpur, Uttar Pradesh. Additionally, Gallantt Ispat operates a Gujarat unit located in Bhachau, Kutch District.

For further information regarding the earnings call, investors may contact Adfactors PR, the reputation and critical issues advisory firm handling communications for the company. Vanessa Fernandes from Adfactors PR is the designated point of contact for media and investor inquiries.