Electrosteel Castings Ltd

Electrosteel Castings Ltd share price gained 0.33% to Rs 72.11 after the company's net profit jumped 202.50% to Rs 48.37 crore, while revenue from operations softened by 4.50% to Rs 1425.57 crore in Q2FY26 over Q1FY26. The market capitalization of Iron & Steel Products industry group stocks on BSE stood at Rs 3.32 lakh crore, easing 4.31%. It has marginally improved by 3.76% over last one week and ticked higher by 1.91% in last one month while the market capitalization of Electrosteel Castings Ltd has inched up 1.89% and 21.79% in the same period respectively. Profit before tax (PBT) of Electrosteel Castings Ltd stood at Rs 68.65 crore in Q2 FY26, tumbling by 43.36% year-on-year, and jumping 202.96% quarter-on-quarter. EBITDA came in at Rs 61 crore, nosediving by 57.29% YoY and surging by 149.94% sequentially. Total expenses slightly declined by 7.21% to Rs 1368.97 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 710.3 crore, softening by 2.83% YoY, while employee benefits expense was at Rs 157.51 crore, dipping slightly 0.62% YoY. For the TTM ended FY26, revenue from operations eased 2.11% to Rs 7319.97 crore, while net profit slipped by 4.11% to Rs 709.71 crore, compared to previous TTM. EBITDA surged by 109270% to Rs 912.66 crore, and PBT dipped slightly 8.66% to Rs 856.12 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 480.45 crore in FY26, as against Rs 802.9 crore in FY25. Electrosteel Castings Ltd crashed 33.26% in last one year, underperforming the benchmark BSE Sensex which has slipped by 1.97% during the same period.

Electrosteel Castings has demonstrated a commitment to responsible business practices, with 75% of its products undergoing life cycle assessments to minimize environmental impact and 83% composed of recyclable ductile iron. The company engages in corporate social responsibility projects focused on medical care, education, and support for marginalized communities, alongside a structured complaint handling process for consumer protection and a comprehensive cybersecurity framework to safeguard data. While the company adheres to standards like ISI, British Kitemark, and DWI, further quantifiable data regarding CSR project beneficiaries, procurement from marginalized groups, and consumer satisfaction survey results would enhance the report’s impact. The company also indicated a lack of preferential procurement policies for marginalized groups and no current CSR projects in designated aspirational districts.

Electrosteel Castings Limited will hold a board meeting on Friday, August 7, 2026, to consider and approve the unaudited consolidated and standalone financial results for the quarter ended June 30, 2026, the company said in a filing with the BSE Limited and National Stock Exchange of India Limited. The trading window for company insiders has been closed since July 1, 2026, and will reopen 48 hours after the results are submitted to the stock exchanges.

Electrosteel Castings Limited announced that Mr. R.M. Gupta, Senior Vice President – DIW, and Mr. Rashmi Ranjan Das, Senior Vice President – LMW, have retired from the company, effective July 31, 2026, consequently ceasing to be Senior Management Personnel.

The company has successfully completed the maintenance work at the MBF facility and the Main plant. Operations at the main plant resumed from 25th June 2026. Earlier, on 13 June 2026, the company shutdown of its MBF Production Facility at Khardah Works Unit and main plant from 14 June 2026 for a period of approximately 10 days to undertake maintenance work. Electrosteel Castings is engaged in the business of manufacturing Ductile Iron (DI) pipes, Ductile Iron Fittings (DIF) and Cast Iron (CI) pipes and produces and supplies pig iron. The company's consolidated net profit dropped 90.5% to Rs 15.98 crore in Q4 FY26, compared with Rs 168.31 crore in Q4 FY25. Revenue from operations declined 12.2% YoY to Rs 1,492.74 crore in Q4 FY26.Powered by Capital Market - Live

He will continue in his current role until the close of business hours on 10 August 2026. Agarwal has confirmed that there are no material reasons for his resignation other than those stated in his resignation letter. Electrosteel Castings is engaged in the business of manufacturing Ductile Iron (DI) pipes, Ductile Iron Fittings (DIF) and Cast Iron (CI) pipes and produces and supplies pig iron. Shares of Electrosteel Castings shed 0.88% to Rs 70.15 on the BSE.Powered by Capital Market - Live

Electrosteel Castings announced that the Board of Directors of the Company at its meeting held on 18 May 2026, inter alia, have recommended the final dividend of Rs 0.9 per equity Share (i.e. 90%) , subject to the approval of the shareholders.

Net profit of Electrosteel Castings declined 90.51% to Rs 15.98 crore in the quarter ended March 2026 as against Rs 168.31 crore during the previous quarter ended March 2025. Sales declined 12.23% to Rs 1492.74 crore in the quarter ended March 2026 as against Rs 1700.68 crore during the previous quarter ended March 2025. For the full year,net profit declined 77.25% to Rs 161.44 crore in the year ended March 2026 as against Rs 709.56 crore during the previous year ended March 2025. Sales declined 19.15% to Rs 5918.02 crore in the year ended March 2026 as against Rs 7319.97 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1492.741700.68 -12 5918.027319.97 -19 OPM %4.149.38 -6.0714.15 - PBDT67.04163.74 -59 429.81998.17 -57 PBT22.66126.36 -82 257.25856.12 -70 NP15.98168.31 -91 161.44709.56 -77 Powered by Capital Market - Live

Electrosteel Castings will hold a meeting of the Board of Directors of the Company on 18 May 2026.

Afcons Infrastructure Ltd, Jain Irrigation Systems Ltd, Eureka Forbes Ltd and Wipro Ltd are among the other losers in the BSE's 'A' group today, 17 April 2026.Electrosteel Castings Ltd crashed 4.47% to Rs 80.95 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.67 lakh shares were traded on the counter so far as against the average daily volumes of 2.47 lakh shares in the past one month.Afcons Infrastructure Ltd lost 3.73% to Rs 333.9. The stock was the second biggest loser in 'A' group.On the BSE, 1.03 lakh shares were traded on the counter so far as against the average daily volumes of 2.35 lakh shares in the past one month.Jain Irrigation Systems Ltd tumbled 3.54% to Rs 33. The stock was the third biggest loser in 'A' group.On the BSE, 1.65 lakh shares were traded on the counter so far as against the average daily volumes of 8.68 lakh shares in the past one month.Eureka Forbes Ltd slipped 2.93% to Rs 482.2. The stock was the fourth biggest loser in 'A' group.On the BSE, 9160 shares were traded on the counter so far as against the average daily volumes of 43455 shares in the past one month.Wipro Ltd fell 2.78% to Rs 204.35. The stock was the fifth biggest loser in 'A' group.On the BSE, 31.63 lakh shares were traded on the counter so far as against the average daily volumes of 8.71 lakh shares in the past one month.