Gallantt Ispat Q4 FY26 Results: PAT Rises 5.6%; Capex on Track

Gallantt Ispat Limited has announced its audited financial results for the quarter and fiscal year ended March 31, 2026. The company reported a resilient financial performance, achieving growth in both revenue and profitability compared to the corresponding previous year. In a subsequent regulatory filing, the company also submitted the audio recording of its Earnings Conference Call with investors and analysts, held on May 06, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The recording is available on the company's website at www.gallantt.com .

Q4 FY26 Financial Performance

For the fourth quarter of FY26, Gallantt Ispat recorded revenue from operations of ₹ 1,204.8 Cr, representing a 12.4% increase year-on-year and a 12.2% increase quarter-on-quarter. The company's EBITDA for the quarter stood at ₹ 208.9 Cr, up 7.3% from the same period last year, with an EBITDA margin of 17.3%. Profit After Tax (PAT) for the quarter increased by 5.6% to ₹ 122.8 Cr, resulting in a PAT margin of 10.2%. EBITDA per tonne for the quarter was ₹ 8,882.

FY26 Annual Results

The full fiscal year 2026 saw the company achieve a total revenue of ₹ 4,418.9 Cr, a 2.9% increase compared to the previous year. EBITDA for FY26 was reported at ₹ 776 Cr, reflecting a 9.3% growth and an improved margin of 17.6%. The company's bottom line showed significant strength, with PAT growing by 20.8% to ₹ 484.3 Cr and a PAT margin expansion to 11.0%. The company remains a net cash, zero term-debt entity.

The following table summarises the key financial metrics for Q4 FY26 and FY26:

Metric:	Q4 FY26	Q4 FY25	YoY Growth	FY26	FY25	YoY Growth
Revenue from Operations (₹ Cr):	1,204.8	1,072.1	12.4%	4,418.9	4,292.7	2.9%
EBITDA (₹ Cr):	208.9	194.7	7.3%	776.0	710.0	9.3%
EBITDA Margin (%):	17.3%	18.2%		17.6%	16.5%
PAT (₹ Cr):	122.8	116.3	5.6%	484.3	400.7	20.8%
PAT Margin (%):	10.2%	10.8%		11.0%	9.3%

Operational Highlights and Capex

Operationally, the company produced 788 KT of TMT Bars during FY26, compared to 765 KT in the previous year. Sales volumes for TMT Bars reached 766 KT. Production of DRI and Pellets increased significantly by 21% and 37% respectively, driven by backward integration. Management indicated a capex program of ₹ 3,000 Cr being deployed, with significant allocations toward raw material deepening in mines located in Sonbhadra (UP) and Todpura (Rajasthan), as well as a phased capacity expansion to ~12.3 lakh MT. The expansion is expected to be commissioned in H2 FY2027.

Financial Ratios and Shareholding

As of March 31, 2026, the company reported a Debt/Equity ratio of 0.1x and a Return on Capital Employed (ROCE) of 23%. The gross block stood at ₹ 2,293 Cr, reflecting growth funded through internal accruals. The shareholding pattern as of March 30, 2026, showed promoters holding 70.00% of the equity, while the public held 29.82%.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.32%	+0.86%	+35.37%	+57.23%	+96.62%	+1,363.38%

Gallantt Ispat Limited has officially communicated to the stock exchanges the resignation of two Independent Directors, Mrs. Smita Modi and Mr. Pankaj Khanna. The resignations are effective from the close of business hours on May 05, 2026. The company disclosed this information in a regulatory filing submitted on May 05, 2026, pursuant to Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Both directors submitted their resignation letters on April 30, 2026. The disclosures were made in compliance with the SEBI Master Circular dated November 11, 2024, updated as on January 30, 2026. The Board of Directors took note of the resignations and expressed appreciation for the services rendered by the outgoing directors.

Parameter	Mrs. Smita Modi	Mr. Pankaj Khanna
DIN	01141396	10377030
Designation	Independent Director	Independent Director
Effective Date	May 05, 2026	May 05, 2026
Reason	Work pressure, pre-occupation, lack of time, other engagements	Work pressure, pre-occupation, lack of time, other engagements
Directorships in other listed entities	Nil	Nil

Reasons for Resignation

In their respective letters addressed to the Board, both Mrs. Smita Modi and Mr. Pankaj Khanna cited identical reasons for stepping down. They stated that sudden heavy work pressure, pre-occupation, lack of time, and other engagements made it difficult for them to devote adequate time to their directorial responsibilities. Both directors confirmed that there are no other material reasons beyond those stated in their resignation letters. The company confirmed that neither director holds any directorships in other listed entities.

Regulatory Disclosures

The filing included Annexure I, detailing the specific information required under Regulation 30. This annexure confirmed that the resignations were due to personal constraints rather than any material disagreement with the company's operations or policies. The intimation was signed by Nitesh Kumar, Company Secretary (M. No. F7496), on behalf of Gallantt Ispat Limited and was communicated to BSE Limited and the National Stock Exchange of India Limited.