Gallantt Ispat Limited · NSE:GALLANTT
Gallantt Ispat — Q3 FY26 Earnings Presentation
26 slides from Gallantt Ispat's earnings presentation, Feb 9, 2026
Slide 1: Exchange submission cover letter
G,rrUzfru-lT ctLlcKP/2O2s-26 February 09, 2026 BSE Limited National Stock Exchange of lndia Limited ,,EXCHANGE Floor 25, P J Towers, Dalal Street PLAZA,,, Mumbai- 400 001 Bandra - Kurla Complex, Bandra (East) INDIA Mumbai - 400 051. INDIA Scrip Code: 532726 Symbol: GAttANTT Sir/Madam, SUB: INVESTOR
Slide 2: Gallantt Ispat Limited Q3 & 9M FY26 Investor Presentation
Gallantt Ispat Limited Q3 & 9M FY26 Investor Presentation 07th February 2026
Slide 3: 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 4: India to Outpace Global Steel Demand
India to Outpace Global Steel Demand +9% India EU & UK +3.20% Growth Catalyst USA +1.80% By 2026, India’s steel demand is expected to be nearly 75 million tonnes higher than its 2020 Developed +1.50% World levels. China -1% Global Demand Turning Positive India Leads Global Growth Diverging Regional
Slide 5: Domestic Consumption
Domestic Consumption Anchored by Infra and Housing Investments THE PULL THE REALITY THE MOAT Infrastructure-Led Supply Additions Policy Shields Demand Cycle Moderating Utilization Domestic Margins National Steel Policy targets 300 ~15 MT added recently; 80–85 MT Finished steel imports down MT
Slide 6: Gallantt at a Glance
Gallantt at a Glance CAPACITIES GROWTH ENGINE RATING 1.0 MTPA Finished Steel 129 MW Captive Power PAT Growth: 77.8% (FY25) IND AA-/Stable 5,000+ Workforce EBITDA Growth: 56.0% (FY25) Long Term rating ₹ ~300 Cr Land Bank HUBS LOGISTICS TECHNOLOGY Manufacturing Units Dedicated Rail Rakes SAP Implement
Slide 7: Journey in Milestones
Journey in Milestones Commencement of commercial operations at a Prepayment of term loan • Capacity expanded at both units to 1.7 lakh MTPA integrated steel plant with • Declared Preferred Bidder for the 10 lakh MTPA Todupura Iron Ore Block, Rajasthan Captive Power capacity of 25 MW • Captive power
Slide 8: Q3 FY26 Financial Snapshot
Q3 FY26 Financial Snapshot Revenue 6.1% QoQ EBITDA 16.5% QoQ EBITDA Margin 139 bps QoQ ₹ 1,089 Cr -2.7 % YoY ₹ 169 Cr -15.6 % YoY 15.7% 220 bps YoY EBITDA per tonne 10.5% QoQ PAT 15.1% QoQ PAT Margin 72 bps QoQ ₹ 7,843 -14.0 % YoY ₹ 100 Cr -11.7 % YoY 9.2 % 90 bps YoY Management Commentary: Q3 FY26
Slide 9: 9M FY26 Financial Snapshot
9M FY26 Financial Snapshot Revenue EBITDA EBITDA Margin ₹ 3,249 Cr 0.8 % CPLY ₹ 567 Cr 10.0% CPLY 17.45 % 150 bps CPLY Net revenue driven by increase in volume by 2% Operating profitability sustained through cost control Margin expansion driven by integration benefits control EBITDA per Tonne PAT PA
Slide 10: Q3 FY26 Operational Update
Q3 FY26 Operational Update Production Volumes Gorakhpur Plant Kutch Plant Total Product Q3 FY26 Q3 FY25 YoY Q3 FY26 Q3 FY25 YoY Q3 FY26 Q3 FY25 YoY Power Plant (million units) 124 125 -0.5% 84 87 -2.8% 208 212 -1.4% Pellet (KT) 238 175 35.6% - - - 238 175 35.6% DRI – Sponge Iron (KT) 145 100 45.0% 7
Slide 11: 9M FY26 Operational Update
9M FY26 Operational Update Production Volumes Gorakhpur Plant Kutch Plant Total Product 9M FY26 9M FY25 CPLY 9M FY26 9M FY25 CPLY 9M FY26 9M FY25 CPLY Power Plant (million units) 378 365 3.6% 252 243 3.7% 631 608 3.6% Pellet (KT) 597 459 30.0% - - - 597 459 30.0% DRI – Sponge Iron (KT) 423 320 32.0%
Slide 12: EBITDA Bridge Per Tonne: 9M FY25 to 9M FY26
EBITDA Bridge Per Tonne : 9M FY25 to 9M FY26 ₹ 476 ₹ 8,749 ₹ 113 ₹ 968 ₹ 22 ₹ 8,054 ₹ -135 ₹ -749 EBITDA 9M FY25 Volume NSR Raw Material Power & Fuel Fixed Cost Others EBITDA 9M FY26 EBITDA trajectory reflects structural margin improvement per tonne, not cyclical steel price tailwinds. This position
Slide 13: Key Metrics
Key Metrics Revenue (in ₹ Cr) EBITDA (in ₹ Cr) EBITDA Margin (%) EBITDA per tonne (in ₹) 3,225 3,249 567 9,120 7,099 515 8,749 7,843 8,054 17.9 17.5 15.5 16.0 1,119 1,026 1,089 200 14.1 145 169 Q3FY25 Q2FY26 Q3FY26 9M FY25 9M FY26 Q3FY25 Q2FY26 Q3FY26 9M FY25 9M FY26 Q3FY25 Q2FY26 Q3FY26 9M FY25 9M
Slide 14: 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 15: 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 16: 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 17: Value Accretive Capex
Value Accretive Capex Operating Efficiency FY2023 72.5% FY2024 83.0% FY2025 89.3% ROCE (%) 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 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Gross Block (₹ Cr) Debt / Equity (x) Capex Funded Through Internal Ac
Slide 18: 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 19: 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 20: ESG: Environmental
ESG: Environmental Sustainable Resource Zero Liquid Discharge Waste Minimization Emissions Control & GHG Use Company-wide ZLD framework Minimization Responsible sourcing and enables closed-loop water reuse, Closed-loop operations with Aligned with global standards eliminating untreated discharge con
Slide 21: ESG: Social
ESG: Social ₹ 30 Cr Total CSR Spend over 5 years Investment in Education & Tribal Sports for differently Animal Welfare Educational Community Development Hunger Alleviation Upliftment abled Green Cattle Feed Infrastructure • 50,000+ Beneficiaries • 100+ Para athletes • Improved livestock • State-of-
Slide 22: ESG: Governance
ESG: Governance Mr. Chandra Prakash Mr. Prem Prakash Mr. Dinesh R. Agrawal Mr. Nitin Kandoi Mr. Prashant Jalan Agrawal Agrawal Chairman & MD Whole Time Director Whole Time Director Whole Time Director Whole Time Director Mr. Ashtbhuja P Mrs. Smita Modi Mrs. Nishi Agrawal Mr. Pankaj Khanna Mr. Udit A
Slide 23: 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 Cr installed capacity of ~12.3 lakh MT Sonbhadra (UP) mines and for 78MW solar plant across Gorakhpur & Kutch units Todpura (Rajastha
Slide 24: Profit & Loss Statement
Profit & Loss Statement Particulars (₹. Cr) Q3 FY26 Q3 FY25 YoY Q2 FY26 QoQ 9M FY26 9M FY25 CPLY Income from Operations Revenue from operations 1,074 1,118 -4% 1,013 6% 3,214 3,221 -0.2% Other income 15 1 13 35 4 Total Income 1,089 1,119 -3% 1,026 6% 3,249 3,225 1% Expenses Cost of raw materials con
Slide 25: Shareholding Pattern
Shareholding Pattern BSE Ticker 532726 Shareholding Pattern (As on 31st Dec, 2025) NSE Symbol GALLANTT 29.95% No. of Shares Outstanding* 24,12,80,945 Share Price** 538.05 0.05% 0.15% Market Cap (Rs. Cr) 12,982.12 69.83% Industry Iron & Steel Products Promoters FIIs DIIs Public * As on Dec, 2025 |**
Slide 26: Thank You
Thank You For further information: Adfactors PR, Investor Relations Vanessa Fernandes vanessa.fernandes@adfactorspr.com