Shares of Gallantt Ispat traded nearly 2% higher at Rs 567.95 in morning deals on Tuesday, November 4, after the company posted strong Q2 FY26 earnings. The stock opened firm, moving between Rs 563.10 and Rs 580.35, compared to the previous close of Rs 558.
For the quarter ended September 30, Gallantt Ispat reported a consolidated net profit of Rs 88.9 crore, an 82% year-on-year rise from Rs 48.9 crore in the same period last year. Revenue increased 7.4% YoY to Rs 1,012.8 crore from Rs 942.6 crore.
Operating performance improved sharply, with EBITDA growing 34.8% YoY to Rs 131.5 crore versus Rs 97.5 crore a year ago. EBITDA margin expanded to 13% from 10.4%, aided by better realisations and cost efficiency.
The board approved the sale of its entire shareholding in Gallantt Medicity Developers Pvt. Ltd. and Gallantt Lifespace Developers Pvt. Ltd. to promoter-group entity Gallantt Fincares Pvt. Ltd. The company also announced plans to set up an 18 MW solar power plant in Mehsana, Gujarat, with an estimated investment of Rs 48.25 crore. The project is expected to be commissioned by May 31, 2026.
As of 9:48 AM, the stock held a market capitalization of approximately Rs 1.37 lakh crore and traded with a P/E ratio of 30.35.
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