Gandhi Special Tubes LimitedQ1 FY27 Results & Financial Update
Gandhi Special Tubes Limited: Q1 FY27 standalone results and company financials – revenue ₹57.20 Cr, PAT ₹27.94 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Gandhi Special Tubes 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
Gandhi Special Tubes Limited posted a standalone revenue from operations of INR 57.1951 crore for the quarter ended 30 June 2026, alongside total income of INR 67.5663 crore driven by strong operational performance and substantial treasury gains.
Profitability expanded significantly for the quarter, with profit before tax reaching INR 36.1208 crore and net profit after tax settling at INR 27.9367 crore, reflecting an absolute earnings acceleration over comparative prior periods.
Other income contributed substantially to the quarterly top line at INR 10.3712 crore, bolstered notably by a gain on the fair value of investments amounting to INR 9.3212 crore, contrasting with losses recorded in preceding quarters.
Total expenses for the period stood at INR 31.4455 crore, encompassing material consumption of INR 18.3125 crore, power and fuel charges of INR 3.8287 crore, and employee benefit expenses of INR 3.0531 crore.
Earnings per share for the quarter reached INR 22.99 on a face value of INR 5 per equity share, demonstrating higher per-share earnings compared to earlier periods.
Tax expenses for the first quarter of fiscal 2027 aggregated to INR 8.1841 crore, consisting primarily of current tax commitments of INR 6.85 crore and deferred tax components of INR 1.3341 crore.
Profit after tax was ₹27.94 Cr for the reported quarter. EPS was ₹22.99 for the reported quarter.
01 · Business model
What does Gandhi Special Tubes do?
Gandhi Special Tubes Limited operates as a specialized manufacturer of metal tubing products, catering primarily to automotive, engineering, and industrial applications.
The company produces seamless and welded steel tubes, as well as specialized tubular components, maintaining a focused manufacturing footprint under a single reportable operating segment.
Revenue generation is driven by direct domestic and international supply of precision tubes to OEMs and industrial users, supplemented by treasury and investment operations captured under other income.
02 · Historical context
What shaped the business before this quarter
Figures for the preceding quarter ended 31 March 2026 served as balancing figures between audited annual results and previously reviewed nine-month figures.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹57.20 Cr |
| Total income | ₹67.57 Cr |
| Profit before tax | ₹36.12 Cr |
| Profit after tax | ₹27.94 Cr |
| EPS | ₹22.99 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 48.8% 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 63.2% 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 ₹10.37 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
Standalone revenue from operations reached INR 57.1951 crore, supported by active demand for specialized steel tubes across primary customer industries.
Total income reached INR 67.5663 crore, augmented by INR 10.3712 crore in other income which included INR 9.3212 crore in fair value gains on investments.
What drove margins
Cost of materials consumed was accounted at INR 18.3125 crore, accompanied by inventory adjustments of INR -0.3608 crore.
Power and fuel expenses stood at INR 3.8287 crore, while employee benefit expenses were recorded at INR 3.0531 crore and other operating expenses at INR 5.7175 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates within a single reportable business segment in terms of Indian Accounting Standard (Ind AS) 108.
06 · Reported developments
What changed operationally
Recorded a gain on fair value of investments of INR 9.3212 crore for the quarter ended 30 June 2026, reversing mark-to-market pressure seen in previous periods.
07 · Items worth noticing
The line items that can distort a quick read
Other income includes a fair value gain of INR 9.3212 crore on investments, compared to a fair value loss of INR 6.2399 crore recorded in the quarter ended 31 March 2026.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Financial charges for the quarter were minimal at INR 0.0384 crore, reflecting a low debt burden.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Compliance Officer Name Change
The company noted the name change of the Company Secretary and Compliance Officer from Ms. Chaitali Kachalia to Mrs. Chaitali Parekh during the board meeting held on 12 August 2026.
10 · Key Q&A
The quarter, answered directly
What does Gandhi Special Tubes do?
Gandhi Special Tubes Limited operates as a specialized manufacturer of metal tubing products, catering primarily to automotive, engineering, and industrial applications.
What is the clearest takeaway from Q1 FY27?
Gandhi Special Tubes Limited posted a standalone revenue from operations of INR 57.1951 crore for the quarter ended 30 June 2026, alongside total income of INR 67.5663 crore driven by strong operational performance and substantial treasury gains.
What drove revenue or demand?
Standalone revenue from operations reached INR 57.1951 crore, supported by active demand for specialized steel tubes across primary customer industries.
What mattered most for margins or profitability?
Cost of materials consumed was accounted at INR 18.3125 crore, accompanied by inventory adjustments of INR -0.3608 crore.
What changed operationally beyond the headline numbers?
The company noted the name change of the Company Secretary and Compliance Officer from Ms. Chaitali Kachalia to Mrs. Chaitali Parekh during the board meeting held on 12 August 2026.
What should the next disclosure help confirm?
Monitor upcoming quarterly disclosures for operational stability in steel tube manufacturing and sustained recovery in investment fair value movements.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Subsequent Financial Disclosures: Monitor upcoming quarterly disclosures for operational stability in steel tube manufacturing and sustained recovery in investment fair value movements.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.