GALLANTT ISPAT LIMITED

Gallantt Ispat Limited held its Q1 FY27 Earnings Conference Call on July 28, 2026, to discuss its financial and operational performance for the quarter ending June 30, 2026. Management noted that the first quarter is typically seasonally softer for the domestic steel industry due to the monsoon, which impacted construction and infrastructure activities. The company reported an EBITDA margin of 18% and a PAT margin of 11%, both in line with Q4 FY26 but lower than Q1 FY26. Management highlighted that input cost inflation, particularly from coal and iron ore, affected profitability. Despite these challenges, Gallantt's operating performance remained steady on a sequential basis. The company is on track with its capacity expansion plans and renewable energy initiatives, with a capex program of INR 3,000 crores funded through internal accruals. Management expressed confidence in the medium-term demand for steel in India, projecting growth of 7% to 9% for the year.

The management provided a balanced view of challenges and ongoing initiatives without strong emphasis on either positive or negative outcomes.