Gallantt Ispat Ltd.'s Q3FY25 Quarter Results
- 06 Feb 2025
Result Summary
- Gallantt Ispat Ltd. reported a 18.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 5.2%.
- Its expenses for the quarter were up by 8.5% QoQ and down 4.0% YoY.
- The net profit increased 132.5% QoQ and increased 118.7% YoY.
- The earnings per share (EPS) of Gallantt Ispat Ltd. stood at 4.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1119.09 | 944.64 | 1063.82 | 18.5% | 5.2% |
Total Expenses | 953.93 | 879.56 | 993.29 | 8.5% | -4.0% |
Profit Before Tax | 165.15 | 65.09 | 70.53 | 153.7% | 134.2% |
Tax | 51.48 | 16.19 | 18.55 | 218.0% | 177.5% |
Profit After Tax | 113.67 | 48.89 | 51.98 | 132.5% | 118.7% |
Earnings Per Share | 4.70 | 2.00 | 2.10 | 135.0% | 123.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Gallantt Ispat Ltd. operates primarily in the steel manufacturing industry, producing a range of steel products. The company is involved in the production of various forms of steel including billets, TMT bars, and other long products, catering mainly to the construction and infrastructure sectors. Gallantt Ispat Ltd. is known for its integrated operations, which include the manufacturing of both pig iron and sponge iron, contributing significantly to its steel production process. As of the latest updates available up to October 2023, there are no specific recent major developments publicly available for Gallantt Ispat Ltd. that would have impacted its operations or market position.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Gallantt Ispat Ltd. reported a total income of ₹1119.09 crores. This reflects a quarter-over-quarter (QoQ) increase of 18.5% compared to ₹944.64 crores in Q2FY25. Compared to the third quarter of the previous fiscal year (Q3FY24), the company experienced a year-over-year (YoY) growth of 5.2%, up from ₹1063.82 crores. The increase in total income both on a quarterly and annual basis signals a positive trajectory in the company's revenue generation for this period.
Profitability
Gallantt Ispat Ltd. demonstrated a significant improvement in profitability during Q3FY25. The profit before tax (PBT) stood at ₹165.15 crores, marking a substantial QoQ increase of 153.7% from ₹65.09 crores in Q2FY25. On a YoY basis, the PBT grew by 134.2% from ₹70.53 crores in Q3FY24. The tax provision for Q3FY25 was ₹51.48 crores, which increased QoQ by 218.0% and YoY by 177.5%. Consequently, the profit after tax (PAT) for Q3FY25 was ₹113.67 crores, reflecting a 132.5% increase QoQ and a 118.7% rise YoY from Q2FY25 and Q3FY24 respectively. The earnings per share (EPS) for Q3FY25 was ₹4.70, showing a growth of 135.0% QoQ and 123.8% YoY.
Operating Metrics
The total expenses for Q3FY25 were ₹953.93 crores, which is 8.5% higher than the previous quarter's expenses of ₹879.56 crores in Q2FY25. However, when compared to Q3FY24, there was a decrease of 4.0% from ₹993.29 crores. This reduction in YoY expenses, despite an increase in revenue, may indicate effective cost management during this period. The increase in expenses QoQ could be attributed to rising production costs or increased operational activities. The substantial increase in profit and earnings metrics, alongside a controlled rise in expenses, highlights the operational efficiency improvements over the same period.
