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News Details

28/10/2026 20:51

Gallantt Ispat Q2 net profit down 30.63% at Rs 60.51 cr

The company reported standalone net profit of Rs 60.51 crore for the quarter ended September 30, 2026 as compared to Rs 87.23 crore in the same period last year, registering a year-on-year decline of 30.63 per cent.

Net revenue of the company rose moderately by 13.15 per cent at Rs 1,145.89 crore in July-September quarter of this fiscal as against Rs 1,012.75 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 17.59 per cent to Rs 1,036.20 crore from Rs 881.21 crore in year ago period.

Other Income grew by 37.29 per cent at Rs 18.15 crore versus (Sep'25 Rs 13.22 crore).

Operating Profit slipped by 16.61 per cent to Rs 109.69 crore as against Rs 131.54 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 26.33 per cent in September quarter.

Interest grew by 0.99 per cent y-o-y to Rs 9.17 crore, while Taxation increased by 43.60 per cent at Rs 22.66 crore (Sep'25 Rs 15.78 crore).