Gallantt Ispat Limited · NSE:GALLANTT
Gallantt Ispat — Q4 FY26 Earnings Presentation
26 slides from Gallantt Ispat's earnings presentation, Mar 31, 2026
Slide 1: Gallantt Ispat Limited Q4 & FY26 Investor Presentation
Gallantt Ispat Limited Q4 & FY26 Investor Presentation
Slide 2: Disclaimer
Disclaimer This presentation may contain certain forward-looking statements concerning the steel sector, the broader economy and the future business prospects and profitability of Gallantt Ispat Limited. These statements are subject to a number of risks and uncertainties, and actual results may mate
Slide 3: Gallantt at a Glance
Gallantt at a Glance CAPACITIES GROWTH ENGINE RATING 1.0 MMTPA Finished Steel 129 MW Captive Power PAT Growth: 20.8% (FY26) IND AA-/Stable 5,000+ Workforce EBITDA Growth: 9.3% (FY26) Long Term rating ₹ ~300 Cr Land Bank HUBS LOGISTICS TECHNOLOGY Manufacturing Units Dedicated Rail Rakes SAP Implement
Slide 4: Journey in Milestones
Journey in Milestones • Commencement of commercial operations at a 1.7 lakh MTPA • Prepayment of term loan integrated steel plant • Capacity expanded at both units • Declared Preferred Bidder for the Todupura Iron • Captive Power capacity of 25 MW in to 10 lakh MTPA Ore Block, Rajasthan Kutch, Gujar
Slide 5: Global Steel Industry
Global Steel Industry The World is Recovering, But Not Evenly. Global steel demand is bottoming out after three CY2026 Steel Demand Growth by Region years of structural adjustment. The recovery is real, but the divergence between regions has never been -7.4% Middle East sharper. -1.5% China Global D
Slide 6: India Steel Outlook
India Steel Outlook A Decade of 7.4% 9.2% 164.9 +35.9% −31.7% Structural Demand Demand growth CY2026 Demand growth CY2027 MT output CY2025 Steel exports FY2025-26 Steel imports FY2025-26 +10.4% YoY Not a Cycle India is the world's fastest-growing major steel market, and the gap between India and Wha
Slide 7: Investment Thesis
Investment Thesis Locational Advantage Debt-Free Capital Deployment Kutch, Gujarat ▪ Plant positioned near Kandla Port, enabling export efficiency • ₹ 1200 Cr of capex incurred without external borrowing funded entirely through internal accruals over a 5-year period Gorakhpur, UP • Strategically ali
Slide 8: Backward Integrated Ecosystem
Backward Integrated Ecosystem THE ENERGY FEEDER Power Plants Upcoming (Thermal + WHRB) Solar Plants Sponge Iron Pellets MS Billets TMT Bars (DRI) Secured Mines (Rajasthan & UP) THE LOGISTICS FEEDER Captive Rail Logistics ▪ Owned Rail Rakes ▪ Railway Siding ▪ Modern Wagon and Truck Tippler
Slide 9: Geographical Presence
Geographical Presence Iron Ore Mine 260 hectares (~85 MT) Sales Office Todpura, Rajasthan Lucknow, UP Gorakhpur Plant 6 lakh MTPA Thermal Power Plant 51 MW (Operational) Kutch, Gujarat Thermal Power Plant 78 MW (Operational) Solar Power Plant Gorakhpur, UP 18 MW (Jul 2026) Sidhpur, Gujarat Solar Pow
Slide 10: FY26 Financial Snapshot
FY26 Financial Snapshot Revenue 2.9% CPLY EBITDA 9.3% CPLY EBITDA Margin 102 bps CPLY ₹ 4418.9 Cr ₹ 776.0 Cr 17.6% Net revenue driven by increase in volume by 2.9% Operating profitability sustained through cost control Margin expansion driven by integration benefits control EBITDA per Tonne 5.7% CPL
Slide 11: Q4 FY26 Financial Snapshot
Q4 FY26 Financial Snapshot Revenue 12.4% YoY EBITDA 7.3% YoY EBITDA Margin ₹ 1204.8 Cr ₹ 208.9 Cr 17.3% -82 bps YoY EBITDA per tonne 13.3% QoQ PAT 5.6% YoY PAT Margin ₹ 8882.0 Cr -2.0% YoY ₹ 122.8 Cr 10.2 % -60 bps YoY
Slide 12: Key Metrics
Key Metrics Revenue (in ₹ Cr) EBITDA (in ₹ Cr) EBITDA Margin (%) EBITDA per tonne (in ₹) 4,293 4,419 776 7,843 9066.1 8784.7 8,882 18.2 8308.2 17.3 17.6 15.7 16.5 1,072 1073.6 1,204 710 776 195 169 209 Q4FY25 Q3FY26 Q4FY26 FY25 FY26 Q4FY25 Q3FY26 Q4FY26 FY25 FY26 Q4FY25 Q3FY26 Q4FY26 FY25 FY26 12.2
Slide 13: EBITDA Bridge Per Tonne: FY25 to FY26
EBITDA Bridge Per Tonne : FY25 to FY26 ₹ 408 ₹ 419 ₹ 8,785 ₹ 8,308 ₹ 175 ₹ -207 ₹ -294 ₹ -24 EBITDA FY25 Volume NSR Raw Material Power & Fuel Fixed Cost Others EBITDA FY26 EBITDA trajectory reflects structural margin improvement per tonne, not cyclical steel price tailwinds. This positions Gallantt
Slide 14: Gallantt's Operating Leverage Playing Out – A Structural Shift
GALLANTT’S OPERATING LEVERAGE PLAYING OUT – A STRUCTURAL SHIFT Dec’22 → Dec’23 Dec’24 → Jun’25 Initial Cost Discipline + Stable Ramp-up of Expanded Capacities PREPARED TO MAKE THIS ₹ 1,400 Operations ₹ 1,177 WHRB share to 45% 22% ₹ 1,204 25% A STRUCTURAL SHIFT ₹ 1,160 ₹ 1,200 ₹ 1,094 ₹ 1,036 ₹ 1,063
Slide 15: FY26 Operational Update
FY26 Operational Update Production Volumes Gorakhpur Plant Kutch Plant Total Product FY26 FY25 CPLY FY26 FY25 CPLY FY26 FY25 CPLY Power Plant (million units) 518.3 474.6 9.2% 336.0 330.3 1.7% 854.3 804.9 6.1% Pellet (KT) 818.9 599.1 36.7% 0 0 - 818.9 599.1 36.7% DRI – Sponge Iron (KT) 577.6 411.0 40
Slide 16: Q4 FY26 Operational Update
Q4 FY26 Operational Update Production Volumes Gorakhpur Plant Kutch Plant Total Product Q4 FY26 Q4 FY25 YoY Q4 FY26 Q4 FY25 YoY Q4 FY26 Q4 FY25 YoY Power Plant (million units) 140.1 109.6 27.9% 83.7 86.9 -3.6% 223.8 196.4 13.9% Pellet (KT) 221.6 139.7 58.6% 0.0 0.0 - 221.6 139.7 58.6% DRI – Sponge I
Slide 17: Medium term Growth Trajectory
Medium term Growth Trajectory Capacity Raw Material Renewable Expansion Deepening Shift Phased expansion to total Capex of ₹1,500 Cr capex in Capex deployment of ₹300 installed capacity of ~12.3 Sonbhadra (UP) mines and Cr for 78MW solar plant lakh MT across Gorakhpur & Todpura (Rajasthan) mines Kut
Slide 18: Value Accretive Capex
Value Accretive Capex Operating Efficiency FY2023 72.5% FY2024 83.0% FY2025 89.3% FY2026 85.7% ROCE (%) 2,293 23% 23% 2,095 2,126 1,711 16% 1,441 15% 14% 1,246 13% 0.2 0.2 0.2 0.1 0.1 0.1 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Gross Block (₹ Cr) Debt / Eq
Slide 19: Revenue Premiumization
Revenue Premiumization Value-Added Product Mix Gallantt Advance ▪ Premium grades (Fe 550D, Fe 600) with superior ductility ▪ Advanced thermal treatment for higher tensile strength ▪ Corrosion-resistant solutions for coastal / high-moisture zones ▪ Shift toward high-performance steel supporting highe
Slide 20: Expanding Dealer & Distributor Strength
Expanding Dealer & Distributor Strength Gallantt's extensive dealer-led distribution system provides deep retail penetration, demand visibility, and pricing power; critical advantages in regional steel markets. 3,000+ Active Dealers Regional Dominance Demand Stability & Pricing Power A fragmented de
Slide 21: ESG: Environmental
ESG: Environmental Sustainable Resource Zero Liquid Discharge Waste Minimization Emissions Control & Use Company-wide ZLD framework GHG Minimization Responsible sourcing and enables closed-loop water Closed-loop operations with Aligned with global reuse, eliminating untreated continuous optimization
Slide 22: ESG: Social
ESG: Social ₹ 47 Cr Total CSR Spend over 5 years Investment in Community Education & Tribal Sports for Animal Welfare Educational Development Hunger Alleviation Upliftment differently abled Green Cattle Feed Infrastructure • 50,000+ Beneficiaries • State-of-the-art • 2,000 Meals served • 3,000+ stud
Slide 23: ESG: Governance
ESG: Governance Mr. Chandra Prakash Mr. Dindayal Jalan Mr. Prem Prakash Mr. Dinesh R. Agrawal Agrawal Agrawal Chairman & MD Vice Chairman & Whole Whole Time Director Whole Time Director Time Director Mr. Ashtbhuja P Mr. Kishore Pariyar Mr. Nitin Kandoi Mr. Atul Kumar Gupta Srivastava Independent Dir
Slide 24: Profit & Loss Statement
Profit & Loss Statement Particulars (₹. Cr) Q4 FY26 Q4 FY25 YoY Q3 FY26 QoQ FY26 FY25 CPLY Income from Operations Revenue from operations 1,204 1,072 12.37% 1,074 12.22% 4,419 4,293 2.94% Other income 25 12 15 60 15 Total Income 1,229 1,084 13.43% 1,089 12.93% 4,479 4,308 3.95% Expenses Cost of raw
Slide 25: Shareholding Pattern
Shareholding Pattern BSE Ticker 532726 Shareholding Pattern (As on 30th March, 2026) NSE Symbol GALLANTT 29.82% No. of Shares Outstanding* 24,12,80,945 Share Price** 548.60 0.08% 0.09% Market Cap (Rs. Cr) 13,236.67 70.00% Industry Iron & Steel Products Promoters FIIs DIIs Public * As on March 2026 |
Slide 26: Thank You
Thank You For further information: Adfactors PR, Investor Relations Vanessa Fernandes vanessa.fernandes@adfactorspr.com