Gallantt Ispat Q2 FY27 consolidated revenue Rs 1,145.89 cr; PAT down 31.9% YoY

What the numbers show

• Net margin was 5.28% of revenue, down 350 bps from 8.78%.
• Total expenses rose 17.1% while revenue rose 13.1%.
• Purchases of stock-in-trade accounted for Rs 93.77 cr of the Rs 157.91 cr rise in total expenses (59%).
• Cost of materials took 69.3% of revenue, against 72.1% a year earlier.

• Revenue from operations: Rs 1,145.89 cr (Q2 FY26: Rs 1,012.75 cr)
• Other income: Rs 18.15 cr (Q2 FY26: Rs 13.22 cr)
• Total income: Rs 1,164.04 cr (Q2 FY26: Rs 1,025.97 cr)
• Cost of raw materials consumed: Rs 794.21 cr (Q2 FY26: Rs 730.28 cr)
• Purchase of stock in trade: Rs 98.87 cr (Q2 FY26: Rs 5.10 cr)
• Changes in inventories of finished goods, work in progress and stock-in-trade: Rs 12.19 cr (Q2 FY26: Rs 19.61 cr)
• Employee benefits expense: Rs 41.71 cr (Q2 FY26: Rs 33.65 cr)
• Finance costs: Rs 9.17 cr (Q2 FY26: Rs 9.08 cr)
• Depreciation and amortization expense: Rs 35.51 cr (Q2 FY26: Rs 32.67 cr)
• Other expenses: Rs 89.22 cr (Q2 FY26: Rs 92.56 cr)
• Total expenses: Rs 1,080.87 cr (Q2 FY26: Rs 922.96 cr)
• Profit before tax: Rs 83.17 cr (Q2 FY26: Rs 103.01 cr)
• Total tax expense: Rs 22.66 cr (Q2 FY26: Rs 15.78 cr)
• Profit for the period / year (after share of profit from associate): Rs 60.51 cr (Q2 FY26: Rs 88.93 cr)
• Total comprehensive income: Rs 60.17 cr (Q2 FY26: Rs 87.78 cr)
• Paid-up equity share capital: Rs 241.28 cr (Q2 FY26: Rs 241.28 cr)
• Basic and diluted EPS (not annualised): Rs 2.51 (Q2 FY26: Rs 3.62)

According to the statement of consolidated unaudited financial results for the quarter ended 30 September 2026, Gallantt Ispat Limited reported higher revenue from operations at Rs 1,145.89 cr compared with Rs 1,012.75 cr in the corresponding quarter ended 30 September 2025. Total income, including other income, increased to Rs 1,164.04 cr from Rs 1,025.97 cr over the same period.

On the cost side, total expenses rose to Rs 1,080.87 cr from Rs 922.96 cr a year earlier. Key contributors were cost of raw materials consumed at Rs 794.21 cr (up from Rs 730.28 cr), purchase of stock in trade at Rs 98.87 cr (up from Rs 5.10 cr), and employee benefits expense at Rs 41.71 cr (up from Rs 33.65 cr). Depreciation and amortization expense increased to Rs 35.51 cr from Rs 32.67 cr, while finance costs were broadly similar at Rs 9.17 cr versus Rs 9.08 cr. Other expenses were Rs 89.22 cr compared with Rs 92.56 cr in the year-ago quarter.

Profit before tax for the quarter stood at Rs 83.17 cr, lower than Rs 103.01 cr in the corresponding previous-year quarter. After a total tax expense of Rs 22.66 cr (Q2 FY26: Rs 15.78 cr) and including the impact of share of profit from associate as presented in the statement, profit for the period / year was Rs 60.51 cr compared with Rs 88.93 cr a year earlier. Total comprehensive income for the quarter was Rs 60.17 cr versus Rs 87.78 cr in the prior-year quarter. Basic and diluted earnings per share (not annualised) were Rs 2.51, down from Rs 3.62 in the same quarter last year.