Gandhi Special Tubes Ltd , a key player in the Indian manufacturing sector, has released its financial results for the second quarter, showcasing a mixed performance with improved profitability despite a slight dip in revenue.

Financial Highlights

Gandhi Special Tubes has demonstrated resilience in its financial performance for the quarter. The company reported a net profit of ₹177.00 crore, marking a 2.91% increase from ₹172.00 crore in the same quarter of the previous year. This growth in profit comes despite a marginal decline in revenue, which stood at ₹480.00 crore, down 1.23% from ₹486.00 crore year-over-year.

Improved Operational Efficiency

A notable highlight of the quarter was the significant improvement in the company's operational efficiency. The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a robust increase of 6.10%, rising to ₹210.30 crore from ₹198.20 crore in the corresponding quarter last year. This improvement is further emphasized by the expansion of the EBITDA margin, which grew from 40.79% to 43.80%, indicating enhanced cost management and operational optimization.

Management's Approval and Disclosure

The Board of Directors of Gandhi Special Tubes convened to review and approve the unaudited financial results for the second quarter and half-year. In compliance with SEBI regulations, the company has submitted the following documents:

1. Unaudited Financial Results for Q2
2. Statement of Assets and Liabilities
3. Cash Flow Statement for the half-year
4. Limited Review Report from the Statutory Auditors

These financial disclosures underscore the company's commitment to transparency and adherence to regulatory standards. Investors and stakeholders can access detailed financial information on the company's official website.

While the slight decrease in revenue might raise questions about market conditions or sectoral challenges, the improved profitability and operational metrics suggest that Gandhi Special Tubes has been successful in implementing cost-effective measures and potentially improving its product mix or pricing strategies.

As the manufacturing sector continues to navigate through various economic headwinds, Gandhi Special Tubes' ability to maintain profitability growth in the face of revenue challenges could be seen as a positive indicator of the company's resilience and adaptive strategies in a competitive market landscape.

Gandhi Special Tubes Limited has successfully completed the inter-se transfer of shares within its promoter group and filed a revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction, which was previously announced, involved the transfer of 200,000 equity shares from Mr. Manhar Gandhi to Mr. Rahul Gandhi through a gift arrangement.

Transaction Completion Details

The off-market inter-se transfer between promoter and promoter group members was completed on September 26, 2025, as scheduled. The transaction was structured as a gift without any monetary consideration, falling under the exemption provided by SEBI SAST Regulations for transfers among qualifying persons.

Updated Shareholding Pattern

Following the completion of the transfer, Mr. Rahul Gandhi's shareholding in Gandhi Special Tubes Limited has increased significantly. The revised disclosure reveals the updated shareholding structure post-transaction.

Regulatory Compliance and Revised Filing

On December 15, 2025, Mr. Rahul Gandhi submitted a revised disclosure to BSE Limited, addressing observations regarding the earlier filing. The revision was made to include complete shareholding details after the transaction, as required under Regulation 29(2) of SEBI SAST Regulations. The revised disclosure confirmed that there were no changes to the previously disclosed transaction details, with the revision solely aimed at rectifying the omission of post-transaction shareholding information.

Impact on Company Structure

The completed transfer maintains the overall promoter and promoter group holding in Gandhi Special Tubes Limited unchanged. The company's equity share capital remains at ₹6.08 crores, comprising 1,21,52,000 equity shares of ₹5 each. This inter-se transfer represents an internal realignment within the promoter group, potentially reflecting succession planning or strategic restructuring within the promoter family.