The share of this small-cap company, engaged in the iron and steel manufacturing business, jumped up to 8 percent, after the Board of directors declared capex plans of Rs. 1,015 Crores to expand operational capacities.
Price movement
With the market capitalization of Rs 11,205 crores, the share price of Gallantt Ispat Limited is up by 4 Percent compared to the previous close of Rs 449.05, and made a day’s high of Rs 486.30.
What Happened
They have announced a capex of Rs 1,014 Crores for the below expansion and Captive Solar Power, which shall be funded by the Company through Internal Accruals without borrowing any debt, and it shall be completed by March 2026.
| Product Units | Unit | Existing Capacity | Proposed Addition in Capacity | Total Capacity After Addition |
| Steel Billets | MT | 528000 | 272250 | 800250 |
| Rolling Mill | MT | 528000 | 277200 | 805200 |
| Sponge Iron | MT | 544500 | 115500 | 660000 |
| Pellet | MT | 792000 | 198000 | 990000 |
| Captive Power Plant (Thermal and Waste Heat Recovery Boiler) | MW | 78 | 22 | 100 |
| Captive Solar Power Plant | MW | 0 | 100 | 100 |
About the company
Gallantt Ispat Ltd. is a company primarily focused on iron and steel manufacturing, including products like sponge iron, billets, and TMT bars. They also have ventures in food grains, selling wheat flour products like Atta, Maida, and Suji. Additionally, the company has a real estate project, Shalimar Gallantt, a group housing project in Lucknow.
Financial Highlights
This company reported a revenue of Rs 1,118 Crores in Q3 FY25 up by 5 percent, from it Q3 FY24 revenue of Rs 1,063 crores, It posted a net profit of Rs 114 crore in Q3 FY25, up by 119 percent, from its Q3FY24 net profit of Rs 52 crores.
Written by Sanjay G
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
