Q4 Results: Gallantt Ispat Slips 4% Despite 6% Increase In PAT;Board Recommends ₹2 Dividend

Mumbai, May 6: Gallantt Ispat shares came under selling pressure in Wednesday’s session, giving back a portion of Tuesday’s gains as investors took stock of a mixed set of Q4 FY26 results that showed consolidated net profit rising a modest 5.6% year-on-year while revenue and EBITDA margin both declined from the year-ago quarter.

The stock opened at approximately ₹871 — a gap-down of nearly ₹10 from Tuesday’s close of ₹880.8 — before sliding sharply to an intraday low of around ₹831 near the 11 am mark, a decline of ₹49.8 or 5.65% from the previous close at its weakest point. It subsequently recovered and consolidated in a narrow ₹840–₹848 band through the afternoon, with the last traded price at approximately ₹845, down ₹35.8 or 4.06% from Tuesday’s closing price of ₹880.8.

Weekly Performance

The weekly chart for Gallantt Ispat captures a clean V-shaped recovery followed by a results-week breakout and Wednesday’s partial retreat. The stock opened at approximately ₹871 on April 29, before pulling back to a weekly low of around ₹856 on April 30, a decline driven by broader market caution amid Middle East tensions and elevated crude prices. From April 30 onwards, the stock staged a measured and steady recovery through May 1, 2 and 4 — when it reached approximately ₹872, just ahead of the board meeting on May 5 — before surging to ₹880.8 on the back of the Q4 results announcement, representing a gain of approximately ₹24.8 or 2.9% from the weekly trough before Wednesday’s intraday pullback.

Board Recommends ₹2 Dividend

The Board of Directors of Gallantt Ispat, at its meeting held on May 5, recommended a final dividend of 20% for the financial year ended March 31, 2026, amounting to ₹2 per equity share of face value ₹10 each, fully paid-up, on the paid-up share capital, subject to approval of shareholders at the ensuing Annual General Meeting.

Notably, with a view to retain funds for ongoing expansion, Promoter and Promoter Group shareholders — except a few — voluntarily waived off their right to receive the dividend, a gesture the Board formally confirmed. The record date will be fixed and intimated in due course, and the dividend will be paid within 30 days from the date of its declaration at the AGM.

Q4 FY26 Consolidated Results

Gallantt Ispat’s consolidated Q4 FY26 results present a mixed picture — net profit grew but revenue and operating margin compressed year-on-year, a reflection of persistent coking coal cost pressures and softer steel realisations.

Consolidated net profit after tax rose 5.6% year-on-year to ₹123.08 crore in Q4 FY26, up from ₹116.31 crore in Q4 FY25, with the improvement driven by volume growth across key product segments including a 9% year-on-year rise in steel production to 0.24 million tonnes and a standout 59% surge in pellet output to 2.21 lakh metric tonnes.

Consolidated revenue from operations for Q4 FY26 came in at ₹1,204.81 crore, a 12.4% year-on-year increase from ₹1,072.15 crore in Q4 FY25, while total income for the quarter rose 13.4% to ₹1,229.34 crore from ₹1,083.77 crore a year earlier. EBITDA for Q4 FY26 was approximately ₹208.91 crore — computed as PBT before exceptional items of ₹161.61 crore plus finance costs of ₹13.72 crore and depreciation of ₹33.58 crore — against ₹194.75 crore in Q4 FY25, a year-on-year increase of approximately 7.3%, though the EBITDA margin narrowed to 17.3% in Q4 FY26 from 18.2% in Q4 FY25 as input cost inflation capped operating leverage despite higher volumes.

Annual Financial Results: FY26

For the full financial year ended March 31, 2026, Gallantt Ispat delivered a solid annual performance with consolidated revenue from operations rising 2.94% year-on-year to ₹4,418.92 crore from ₹4,292.73 crore in FY25, while total income for the year grew 3.95% to ₹4,478.52 crore from ₹4,308.34 crore.

Annual consolidated net profit jumped 20.8% year-on-year to ₹484.27 crore in FY26 from ₹400.74 crore in FY25, reflecting a strong first half and a recovering Q4 that overcame a subdued Q3. Full-year basic and diluted earnings per share both came in at ₹20.07 for FY26, up from ₹16.61 in FY25 — a gain of ₹3.46 per share or 20.8% year-on-year.

On the balance sheet, total equity stood at ₹3,316.23 crore as of March 31, 2026, against ₹2,842.56 crore a year earlier, while total assets expanded to ₹4,269.62 crore from ₹3,548.35 crore, reflecting continued investment in capacity expansion across both the Gorakhpur, Uttar Pradesh and Samakhyali, Gujarat manufacturing facilities. Net cash generated from operating activities for FY26 stood at ₹602.27 crore, demonstrating strong underlying cash generation even as the company stepped up capital expenditure to support its pellet, sponge iron and power capacity build-out.

Source:

• Gallantt Ispat Q4 & FY26 Audited Consolidated Financial Results
• https://www.nseindia.com/get-quote/equity/GALLANTT/Gallantt-Ispat-Limited
• www.gallantt.com