Gallantt Ispat Limited announced its Q3FY26 financial results for the quarter ended December 31, 2025, showing a decline in key financial metrics compared to the corresponding period last year. The Board of Directors approved the standalone and consolidated unaudited financial results in their meeting held on February 04, 2026.

Financial Performance Overview

The company's Q3FY26 results demonstrate year-on-year contractions across major performance indicators, though management noted that topline was impacted by softer realizations, offsetting marginal growth in Rebar sales.

Operational Performance Update

The company's operational metrics showed mixed results across its two manufacturing facilities. TMT Bars production increased marginally by 2.0% to 196 KT in Q3FY26 compared to 192 KT in Q3FY25, while pellet production surged 35.6% to 238 KT.

Nine Months Performance

For the nine months ended December 31, 2025, the company showed improved performance with revenue from operations of ₹3,214.11 crores compared to ₹3,220.58 crores in the corresponding period of FY25. Net profit for nine months increased significantly to ₹361.44 crores from ₹284.44 crores year-on-year, representing a 27.1% growth.

Market Position and Outlook

Gallantt Ispat maintains its position as the largest producer of Rebars in Uttar Pradesh with a 25% market share in its addressable geographies. The company operates through an extensive network of 3,000+ active dealers and 34 distributors, with 80% of sales conducted via the dealer-distributor network.

Management expects Q4 FY26 to benefit from stronger volume growth and strengthening of steel prices, with the monsoon season now over. The company's integrated operations across Gorakhpur and Kutch facilities provide strategic advantages in India's growing steel market, where demand is projected to grow approximately 9% in CY2026.

Gallantt Ispat Limited has completed multiple inter-se transfers of equity shares within its promoter group, involving transfers on both December 29 and December 30, 2025. The transactions involved over 1.58 crore shares transferred among family members of the Agrawal promoter group.

Recent Transaction Overview

The latest transaction on December 29, 2025, involved 55,75,467 equity shares (2.31% of share capital) transferred from Prem Prakash Agrawal HUF to Prem Prakash Agrawal. This was followed by another transfer on December 30, 2025, involving 1,03,35,943 equity shares (4.28% of share capital) among other family members.

December 29 Transaction Details

The December 29 transaction involved a single transferor and acquirer within the promoter group. Prem Prakash Agrawal HUF transferred all its 55,75,467 equity shares to Prem Prakash Agrawal, completely divesting its shareholding in the company.

December 29 Shareholding Changes:

December 30 Transaction Details

The December 30 transaction involved two transferors and two acquirers within the promoter group. Santosh Kumar Agrawal HUF transferred 56,50,943 equity shares, while Priyanka Gupta transferred 46,85,000 equity shares to Santosh Kumar Agrawal and Madhu Agrawal respectively.

December 30 Transfer Breakdown:

Regulatory Compliance

Both transactions were conducted under the exemption provided in Regulation 10(1)(a)(i) and 10(1)(a)(iv) of SEBI SAST Regulations, which allows inter-se transfers within promoter groups without triggering open offer requirements. The company filed the requisite intimations under Regulation 10(5) on December 08, 2025, and submitted post-transaction disclosures under Regulation 10(6) on January 03, 2026.

Chandra Prakash Agrawal, representing the promoter group, signed the regulatory filings on behalf of all acquirers. The disclosures were filed with both BSE Limited (scrip code 532726) and National Stock Exchange of India Limited (symbol GALLANTT), where the company's shares are listed.