Gallantt Ispat Ltd. Q1 FY27 Results Analysis: PAT Falls 28.84% YoY, EBITDA Margin Holds Up

Gallantt Ispat Ltd.'s Q1 FY27 numbers came in soft, with revenue of Rs. 1,145.67 Cr (+1.59% YoY) and PAT growth of -28.84% YoY. Here's a quick read of what worked, what to watch, and what management said.

Quarter Snapshot

EBITDA margin held QoQ at 17.75% despite raw material cost headwinds, but PAT fell 28.84% YoY and revenue declined 4.91% sequentially. Auditor and CFO changes add governance uncertainty. No prior management guidance available for comparison, limiting assessment of beats or misses.

Key Investment Insights

Key Positives

• EBITDA margin improved 41 bps QoQ to 17.75% from 17.34% despite input cost pressure
• PAT grew 0.68% QoQ to Rs.123.67 Cr from Rs.122.84 Cr
• Finance costs declined 38.26% QoQ from Rs.13.72 Cr to Rs.8.47 Cr
• Unmodified audit opinion with no exceptional items or material misstatements

Risk Factors

• PAT declined 28.84% YoY to Rs.123.67 Cr from Rs.173.79 Cr
• EBITDA margin compressed 474 bps YoY from 22.49% to 17.75%
• Material cost ratio expanded 420 bps YoY to 72.65% of revenue
• Revenue declined 4.91% QoQ to Rs.1,145.67 Cr from Rs.1,204.81 Cr