By BullScreen Editorial Team 
Gallantt Ispat Limited reported a strong set of Q4 results 2026, supported by higher production volumes, better operating margins, and continued investment in backward integration projects.
The company posted revenue from operations of ₹4,418.9 crore for FY26, marking a 2.94% year-on-year rise compared to ₹4,293 crore in FY25. Despite modest revenue growth, profitability improved sharply during the year. EBITDA increased 9.3% to ₹776 crore, while net profit surged 20.84% to ₹484.3 crore from ₹401 crore a year earlier.
The improvement in earnings was driven by stronger operational efficiency and higher contribution from integrated manufacturing operations. EBITDA margin expanded to 17.6% in FY26 from 16.5% in FY25, while PAT margin improved to 10.8%. EBITDA per tonne also rose to ₹8,784.7, reflecting improved cost control and better product realization.
The company’s Q4 results 2026 showed continued momentum in the March quarter. Revenue for the quarter rose 12.37% year-on-year to ₹1,204.8 crore. EBITDA stood at ₹208.9 crore, up 7.3%, while quarterly profit after tax increased 5.61% to ₹122.8 crore. EBITDA margin for the quarter came in at 17.3%.
Operationally, the company recorded healthy production growth across key segments. Finished steel production increased 3% to 787.6 KT, while sponge iron production jumped 21.4% to 914.8 KT. Pellet production rose sharply by 36.7% to 818.9 KT during FY26. Gallantt Ispat also generated 854.3 million units of captive power, up 6.1% from the previous year.
The company operates major manufacturing facilities in Gorakhpur, Uttar Pradesh, and Kutch, Gujarat. It currently holds around 25% market share in its core geographies and remains the largest producer of rebars in Uttar Pradesh. Total TMT bar sales reached 765.8 KT during the year.
A major focus for the company remains backward integration and raw material security. Gallantt Ispat secured captive iron ore mines in Rajasthan and Uttar Pradesh, strengthening long-term supply stability. The company has invested nearly ₹1,200 crore in capital expenditure over the past five years entirely through internal accruals, maintaining a near-zero debt-to-equity ratio.
The steelmaker is also expanding its renewable energy footprint through a ₹300 crore solar power project and continues work on a larger ₹3,000 crore expansion program aimed at increasing production capacity and improving raw material integration. Its carbon intensity remains below industry averages at 2.5 tCO2e per tonne, supporting its long-term sustainability targets.
| Financial Metric | FY26 | YoY Growth |
|---|---|---|
| Revenue from Operations | ₹4,418.9 Cr | ↑ 2.94% |
| EBITDA | ₹776 Cr | ↑ 9.3% |
| Net Profit (PAT) | ₹484.3 Cr | ↑ 20.84% |
| EBITDA Margin | 17.6% | ↑ 102 bps |
| PAT Margin | 10.8% | ↑ 151 bps |
| EBITDA Per Tonne | ₹8,784.7 | ↑ 5.7% |
| Q4 Metric | Q4 FY26 | YoY Change |
|---|---|---|
| Revenue | ₹1,204.8 Cr | ↑ 12.37% |
| EBITDA | ₹208.9 Cr | ↑ 7.3% |
| Net Profit (PAT) | ₹122.8 Cr | ↑ 5.61% |
| EBITDA Margin | 17.3% | Stable Growth |
| Segment | FY26 Performance | Key Insight |
|---|---|---|
| Finished Steel Production | 787.6 KT | ↑ 3.0% |
| Sponge Iron Production | 914.8 KT | ↑ 21.4% |
| Pellet Production | 818.9 KT | ↑ 36.7% |
| Captive Power Generation | 854.3 Mn Units | ↑ 6.1% |
| TMT Bar Sales | 765.8 KT | Strong Demand |
| Expansion Capex Plan | ₹3,000 Cr | Capacity Expansion Underway |
| Solar Power Project | ₹300 Cr | 78 MW Renewable Energy |
| Debt Position | Near Zero Debt | Funded via Internal Accruals |
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/e4237dc8-3594-4fe0-a35e-9d00863c5d91.pdf