Gallantt Ispat Ltd

Gallantt Ispat announced that the Board of Directors of the Company at its meeting held on 21 May 2025, inter alia, have recommended the final dividend of Rs 1.25 per equity Share (i.e. 12.5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Gallantt Ispat rose 21.93% to Rs 116.31 crore in the quarter ended March 2025 as against Rs 95.39 crore during the previous quarter ended March 2024. Sales declined 8.94% to Rs 1072.15 crore in the quarter ended March 2025 as against Rs 1177.39 crore during the previous quarter ended March 2024. For the full year,net profit rose 77.83% to Rs 400.74 crore in the year ended March 2025 as against Rs 225.35 crore during the previous year ended March 2024. Sales rose 1.55% to Rs 4292.73 crore in the year ended March 2025 as against Rs 4227.12 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1072.151177.39 -9 4292.734227.12 2 OPM %17.0815.59 -16.1810.60 - PBDT189.30179.36 6 688.06426.84 61 PBT158.51145.27 9 568.09311.32 82 NP116.3195.39 22 400.74225.35 78 Powered by Capital Market - Live

Gallantt Ispat will hold a meeting of the Board of Directors of the Company on 21 May 2025.Powered by Capital Market - Live

The Board of Gallantt Ispat at its meeting held on 16 April 2025 has approved capex of Rs 1,014.98 crore for capacity addition at its integrated steel plants at Gorakhpur and setting up of captive solar power plant. The total project capex will be funded through internal accruals without borrowing any debt. The expansion in capacities are brownfield expansion projects and expected to be completed by March 2026. The approved expansions will increase the company's steel billet capacity from 528,000 metric tons (MT) to 800,250 MT, rolling mill capacity from 528,000 MT to 805,200 MT, sponge iron capacity from 544,500 MT to 560,000 MT, and pellet capacity from 792,000 MT to 990,000 MT. Further, the company proposes to expand its captive power plant (thermal and waste heat recovery boiler) capacity from 78 MW to 100 MW. The company plans to set up a 100 MW captive solar power plant. Powered by Capital Market - Live

The approved expansions will increase the company's steel billet capacity from 528,000 metric tons (MT) to 800,250 MT, rolling mill capacity from 528,000 MT to 805,200 MT, sponge iron capacity from 544,500 MT to 560,000 MT, and pellet capacity from 792,000 MT to 990,000 MT. Additionally, the company plans to expand its captive power plant (thermal and waste heat recovery boiler) capacity from 78 MW to 100 MW. Gallantt Ispat also intends to establish a new 100 MW captive solar power plant. A total of Rs 1,014.98 crore of capex for the above expansion and captive solar power plant have been approved by the board of directors. Further, the total project capex shall be funded by the company through internal accruals without borrowing any debt. Since expansion in capacities of above units are brown field expansion projects company has scheduled the completion of the Project tenure by March 2026,' Gallantt Ispat said in a statement. Gallantt Ispat is engaged in the manufacturing of steel and steel products. To support its operations, the company has established captive power plants at both its Gorakhpur and Kutch units to meet internal power requirements. Its manufacturing facilities are located in Village Samakhyali, District Kutch, Gujarat (Gujarat Unit), and Sahjanwa, Gorakhpur, Uttar Pradesh (Gorakhpur Unit). On a consolidated basis, Gallantt Ispat's net profit surged 118.68% to Rs 113.67 crore on 5.24% increase in net sales to Rs 1,118.32 crore in Q3 December 2024 over Q3 December 2023. Powered by Capital Market - Live

Gallantt Ispat will hold a meeting of the Board of Directors of the Company on 16 April 2025.Powered by Capital Market - Live

The Board of Gallantt Ispat will meet on 16 April 2025 to consider expansion in the capacities of various manufacturing units of the Company situated at Gorakhpur, Uttar Pradesh. Powered by Capital Market - Live

In a regulatory filing, the company stated that the meeting will consider expansion in the capacities of various manufacturing units of the company situated at Gorakhpur, Uttar Pradesh. Gallantt Ispat is engaged in the manufacturing of steel and steel products. To support its operations, the company has established captive power plants at both its Gorakhpur and Kutch units to meet internal power requirements. Its manufacturing facilities are located in Village Samakhyali, District Kutch, Gujarat (Gujarat Unit), and Sahjanwa, Gorakhpur, Uttar Pradesh (Gorakhpur Unit). On a consolidated basis, Gallantt Ispat's net profit surged 118.68% to Rs 113.67 crore on 5.24% increase in net sales to Rs 1,118.32 crore in Q3 December 2024 over Q3 December 2023. Powered by Capital Market - Live

Gallantt Ispat has cancelled the board meeting which was scheduled to be held on 9 April 2025.Powered by Capital Market - Live

Gallantt Ispat will hold a meeting of the Board of Directors of the Company on 9 April 2025.Powered by Capital Market - Live