Gallantt Ispat Reports 43% Surge in Q1 Net Profit, Reaches Rs 173.8 Crore
Gallantt Ispat Limited announced strong Q1 FY2025-26 results with net profit rising 43% year-on-year to Rs 173.80 crore. Despite a slight dip in revenue to Rs 1,127.80 crore, the company improved profitability through effective cost management, reducing total expenses to Rs 918.20 crore. Basic EPS increased to Rs 7.20 from Rs 5.05 in the previous year. The company, which manufactures steel products including pellets, sponge iron, and TMT bars, approved these unaudited results on July 29, 2025.
19Jun 25
Gallantt Ispat Secures Preferred Bidder Status for Two Iron Ore Blocks in Uttar Pradesh
Gallantt Ispat has been selected as the preferred bidder for two iron ore blocks in Uttar Pradesh, with combined reserves of 50.59 million metric tons. This acquisition is expected to enhance the company's resource security, potentially optimize costs, and support long-term growth plans in the steel industry. The development may also contribute to economic growth in the region.
Gallantt Ispat Ltd. released its Q4 financial results, showing improved profitability despite revenue decline. Revenue decreased to ₹10.72 billion from ₹11.80 billion year-over-year, while net profit increased to ₹1.16 billion from ₹954.00 million. EBITDA remained stable at ₹1.83 billion, with an improved margin of 17.08%. The company's board recommended a final dividend of ₹1.25 per equity share.
04Apr 25
Gallantt Ispat to Consider Manufacturing Unit Expansion in Gorakhpur
Gallantt Ispat Ltd. has scheduled a board meeting for April 9, 2025, to discuss potential expansion of its manufacturing units in Gorakhpur, Uttar Pradesh. The expansion, if approved, could increase production capacity, enhance market competitiveness, and contribute to the local economy. The company currently operates facilities in Gorakhpur and Samakhyali, Gujarat.