Gallantt Ispat LimitedQ1 FY27 Results & Financial Update
Gallantt Ispat Limited: Q1 FY27 consolidated results and company financials – revenue ₹1,145.67 Cr, PAT ₹123.67 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Gallantt Ispat Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
For the first quarter of fiscal 2027 (Q1 FY27) ended June 30, 2026, Gallantt Ispat reported revenue from operations of INR 1,145.67 crore and total income of INR 1,163.98 crore on a consolidated basis.
Profit before tax (PBT) for the quarter stood at INR 164.81 crore, while net profit after tax (PAT) reached INR 123.67 crore, yielding a basic and diluted earnings per share (EPS) of INR 5.13 for the three-month period.
Total expenses for the quarter were reported at INR 999.16 crore, driven by raw material consumption of INR 882.36 crore and inventory adjustments of negative INR 58.85 crore reflecting finished goods and work-in-progress inventory movements.
The company's wholly owned subsidiary, Suryalaxmi Technologies Private Limited, currently has no commercial operations, revenue, or profit to date, resulting in identical consolidated and standalone financial statements for the quarter.
During the quarter, the board approved key management and governance transitions, including the appointment of Mr. Amit Jalan as Chief Financial Officer (CFO) and Key Managerial Personnel, alongside changes in statutory auditors.
Profit before tax was ₹164.81 Cr for the reported quarter. EPS was ₹5.13 for the reported quarter.
01 · Business model
What does Gallantt Ispat do?
Gallantt Ispat Limited is primarily engaged in the manufacturing of steel and allied products. Its core industrial portfolio encompasses the production of pellets, sponge iron, steel ingots, and TMT bars, alongside captive power generation operations supporting its manufacturing infrastructure.
The company operates integrated manufacturing facilities strategically positioned to serve domestic markets. Its operational footprint includes a primary industrial unit located in the Gorakhpur Industrial Development Authority (GIDA) region of Sahjanwa, Uttar Pradesh, and a coastal unit situated in Samakhyali, Bhachau, within the Kutch district of Gujarat.
Gallantt Ispat functions as a single reportable operating segment under Ind AS 108 ('Operating Segments') titled 'Steel and allied products', combining metallurgical production and power generation into an integrated revenue model.
02 · Historical context
What shaped the business before this quarter
Previously known as Gallantt Metal Ltd., the company transitioned its corporate identity to Gallantt Ispat Limited and expanded its operational scale across its Uttar Pradesh and Gujarat manufacturing bases.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹1,145.67 Cr |
| Total income | ₹1,163.98 Cr |
| Profit before tax | ₹164.81 Cr |
| Profit after tax | ₹123.67 Cr |
| EPS | ₹5.13 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 10.8% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 14.4% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹18.31 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations of INR 1,145.67 crore was generated from the production and sale of steel products including pellets, sponge iron, ingots, TMT bars, and allied items.
Other income added INR 18.31 crore to the total consolidated income of INR 1,163.98 crore for the quarter.
What drove margins
Cost of raw materials consumed formed the largest expense component at INR 882.36 crore for the quarter.
Changes in inventories of finished goods, work-in-progress, and stock-in-trade resulted in a positive inventory adjustment of negative INR 58.85 crore (representing accretion of inventory value).
Finance costs were controlled at INR 8.47 crore, while depreciation and amortization expenses stood at INR 30.11 crore for the quarter.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
In accordance with Ind AS 108, the company operates under a single reportable business segment, 'Steel and allied products', which covers pellet, sponge iron, ingots, TMT bars, and power generation.
06 · Reported developments
What changed operationally
Statutory auditors M/s. Maroti & Associates issued an unmodified review report on both the standalone and consolidated financial results for the quarter ended June 30, 2026.
07 · Beyond the numbers
What changed beyond the numbers
Reported update
Auditor Resignation and Appointment
M/s. Maroti & Associates resigned as statutory auditors citing increased audit scale and complexity, effective upon conclusion of the Q1 FY27 review. The board approved the appointment of M/s. Singhi & Co. as new statutory auditors, subject to shareholder approval.
Reported update
CFO Appointment
The board approved the appointment of Mr. Amit Jalan as Chief Financial Officer (CFO) and Key Managerial Personnel effective July 27, 2026, succeeding his previous role as Chief Accounts Officer.
08 · Key Q&A
The quarter, answered directly
What does Gallantt Ispat do?
Gallantt Ispat Limited is primarily engaged in the manufacturing of steel and allied products. Its core industrial portfolio encompasses the production of pellets, sponge iron, steel ingots, and TMT bars, alongside captive power generation operations supporting its manufacturing infrastructure.
What is the clearest takeaway from Q1 FY27?
For the first quarter of fiscal 2027 (Q1 FY27) ended June 30, 2026, Gallantt Ispat reported revenue from operations of INR 1,145.67 crore and total income of INR 1,163.98 crore on a consolidated basis.
What drove revenue or demand?
Revenue from operations of INR 1,145.67 crore was generated from the production and sale of steel products including pellets, sponge iron, ingots, TMT bars, and allied items.
What mattered most for margins or profitability?
Cost of raw materials consumed formed the largest expense component at INR 882.36 crore for the quarter.
What changed operationally beyond the headline numbers?
M/s. Maroti & Associates resigned as statutory auditors citing increased audit scale and complexity, effective upon conclusion of the Q1 FY27 review. The board approved the appointment of M/s. Singhi & Co. as new statutory auditors, subject to shareholder approval.
What should the next disclosure help confirm?
Shareholder approval for the appointment of M/s. Singhi & Co. as statutory auditors at the ensuing Annual General Meeting.
09 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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10 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Statutory Auditor Approval: Shareholder approval for the appointment of M/s. Singhi & Co. as statutory auditors at the ensuing Annual General Meeting.
- 02
Subsidiary Operational Progress: Future developments regarding business unit establishment in wholly-owned subsidiary Suryalaxmi Technologies Private Limited.
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