Gallantt Ispat Q2 Results | Net profit rises 82% to ₹88.9 crore, margins expand to 13%

Gallantt Ispat reported robust performance for the quarter ended September 30, with consolidated net profit soaring 82% year-on-year to ₹88.9 crore, compared to ₹48.9 crore in the corresponding quarter last year.Revenue from operations grew 7.4% year-on-year to ₹1,012.8 crore against ₹942.6 crore in the year-ago period, according to the company’s exchange filing. Operating performance improved sharply, with EBITDA rising 34.8% to ₹131.5 crore from ₹97.5 crore last year.

EBITDA margin stood at 13%, expanding from 10.4% in the same quarter a year ago, reflecting better realisations and cost efficiencies.

The company’s board also approved the sale of its entire shareholding in associates Gallantt Medicity Developers Pvt. Ltd. and Gallantt Lifespace Developers Pvt. Ltd. to Gallantt Fincares Pvt. Ltd., a promoter group entity.In addition, Gallantt Ispat announced plans to set up an 18 MW solar power plant in Mehsana, Gujarat, with an estimated investment of ₹48.25 crore. The project is expected to be operational by May 31, 2026.

The shares of the company ended over 6.5% in the green in the session on Monday. The stock has jumped close to 57% in the year so far.

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