Synopsis:
The shares of this company are in focus after the company announced its Q2 results which highlighted an 82 percent growth in profit along with the plans to install a 18 MW solar power plant to optimize costs.
The shares of this company which is a leading Iron and Steel manufacturer located in Eastern Uttar Pradesh and is engaged in the business of Iron & Steel, Agro, Power and Real Estate are in the spotlight as the company declared a healthy Q2 results with growth in performance metrics along with the expansion plan .
With the Market cap of Rs 13,657 crore, the shares of Gallantt Ispat Ltd. Jumped 4 percent and reached a high of Rs 580.40 compared to its previous day close of Rs 557.60. The shares have given a return of 1,577 percent in the last 5 years.
Q2 FY26 Result highlights.
The Revenue from operations for the company stood at Rs 1,012.75 crore when compared to Rs 942.57 crore in Q2 FY25, growing by about 7.4 percent YoY and on QoQ falling 10 percent from Rs 1,127.78 crore in Q1 FY26.
The PAT grew by about 82 percent YoY when you compare the Q2 FY26 at Rs 88.93 crore with Q2 FY25 of Rs 48.89 crore, and on QoQ has decreased 49 percent from Rs 173.79 crore in Q1 FY26.
At its board meeting the company has also decided to sell its entire stake in two companies which are Gallantt Medicity Developers Private Limited and Gallantt Lifespace Developers Private Limited which were both an associate of Gallant Ispat ltd.
Followingly The Board of Directors suggested establishing an 18 MW solar power plant in the Gujarati village of Khelaru, in the taluka of Shidpur, in the district of Mehsana.
The solar power plant will produce 3,37,50,000 KwH annually. The Board has estimated a plant cost investment of Rs. 48.25 crores based on technical and commercial studies. In addition, the company has finalised a leasing agreement for a property area of about 60 acres. By May 31, 2026, the project must be completed and operating.
Gallant ispat Ltd is part of the Gallant Group which is a conglomerate with a varied portfolio that includes real estate, power generating, agroing, and the production of steel and cement. The Group, which has its headquarters in Gorakhpur, runs cutting-edge steel facilities in Gujarat and Uttar Pradesh that produce premium “TMT Rebars,”.
Written by Leon Mendonca.
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