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Gallantt Ispat Q2 Profit Drops 32 Percent to Rs 60.5 Crore
- •Gallantt Ispat reported a 31.95 percent year-on-year decline in net profit to Rs 60.5 crore for the second quarter of FY27.
- •Revenue from operations increased by 13.1 percent year-on-year to reach Rs 1,146 crore during the quarter.
- •EBITDA fell 16.6 percent year-on-year to Rs 109.6 crore, with the EBITDA margin narrowing to 9.57 percent.
- •The company is actively expanding its steelmaking capacity and developing captive iron ore mines to strengthen raw material supply.
Key Questions Answered
Gallantt Ispat reported a 31.95% year-on-year decline in net profit to ₹60.5 crore for the second quarter of FY27, down from ₹89 crore in the previous year. Meanwhile, revenue from operations grew by 13.1% year-on-year to reach ₹1,146 crore.
The company's earnings before interest, tax, depreciation, and amortisation (EBITDA) dropped 16.6% year-on-year to ₹109.6 crore in Q2 FY27. Consequently, the EBITDA margin narrowed from 13% down to 9.57% compared to the same period a year earlier.
Gallantt Ispat is actively expanding its steelmaking capacity from 1 million tonnes to 1.29 million tonnes, with the commissioning targeted for the second half of FY27. Additionally, the company is working on strengthening its raw material supply by developing captive iron ore mines.
