Iron & Steel Products company Electrosteel Castings announced Q2FY26 results Consolidated Financial highlights: Total Income declined by 19.4% YoY to Rs 1,491 crore for Q2FY26 and by 20.8% YoY to Rs 3,077 crore in H1FY26, primarily due to a slowdown driven by lower government spending over the past few quarters. EBITDA stood at Rs 188 crore in Q2FY26 and Rs 386 crore in H1FY26; EBITDA margin was at 12.6% for both the quarter and the half year. PAT stood at Rs 78 crore in Q2FY26 & Rs 167 crore in H1FY26; PAT margin was 5.3% & 5.4% for Q2FY26 & H1FY26, respectively. Standalone Financial highlights: Total Income declined by 25.1% YoY to Rs 1,283 crore in Q2FY26 and by 24.0% YoY to Rs 2,709 crore in H1FY26, reflecting the impact of muted demand and lower government spending on water infrastructure projects. EBITDA stood at Rs 174 crore in Q2FY26 and Rs 360 crore in H1FY26; EBITDA margin was 13.5% for the quarter and 13.3% for the half year. PAT stood at Rs 76 crore in Q2FY26 and Rs 162 crore in H1FY26; PAT margin was 5.9% and 6.0% respectively. The Company sold 1.39 Lakh tons of DI Pipes, Fittings and CI Pipes in Q2FY26 as against 1.93 Lakh tons in Q2FY25. Result PDF
Iron & Steel Products company Electrosteel Castings announced Q1FY26 results Q1FY26 Consolidated Financial Highlights: Total Income declined by 22.1% YoY to Rs 1,586 crore due to temporary slowdown of Jal Jeevan Mission funding. EBITDA stood at Rs 198 crore in Q1FY26; EBITDA margin was at 12.5% during Q1FY25. PAT stood at Rs 89 crore in Q1FY26; PAT margin was at 5.6% during Q1FY25. Q1FY26 Standalone Financial Highlights: Total Income stood at Rs 1,426 crore. EBITDA stood at Rs 186 crore in Q1FY26; EBITDA margin was at 13.1% during Q1FY25. PAT stood at Rs 86 crore in Q1FY26; PAT margin was at 6.0% during Q1FY25. Sold 1.63 Lakh Tons of DI Pipe, Fittings and CI Pipe in Q1FY26 as against 2.06 Lakh Tons in Q1FY25. Result PDF
Iron & Steel Products company Electrosteel Castings announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Total Income at Rs 1,739 crore down around 14.7% YoY due to lower volumes on account of the planned shutdown of MBF at the SW unit. The plant has now regained stability, and regular production levels have returned. EBITDA stood at Rs 198 crore in Q4FY25, EBITDA margin was at 11.4% during the quarter. PAT stood at Rs 168 crore in Q4FY25, which includes Rs 81 crore on account of one-time adjustment of Deferred Tax. FY25 Financial Highlights: Total Income stood at Rs 7,443 crore in FY25. EBITDA stood at Rs 1,159 crore in FY25, EBITDA margin was at 15.6% during the year. PAT stood at Rs 710 crore in FY25, which includes Rs 81 crore on account of one-time adjustment of Deferred Tax. Focus on de-leveraging leading to reduction in Finance cost by apx 27% YoY. Result PDF
Iron & Steel/Interm.Products company Electrosteel Castings announced Q3FY25 results Total Income at Rs 1,816 crore down around 4% YoY due to lower volumes on account of the shutdown of MBF at the SW unit. EBITDA stood at Rs 294 crore in Q3FY25, EBITDA margin was at 16.2% during Q3FY25. PAT stood at Rs 160 crore in Q3FY25, PAT margin was at 8.8% during Q3FY25. Result PDF
Iron & Steel Products company Electrosteel Castings announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Consolidated: Total income during Q2 FY25 stood at Rs 1,849 crore, impacted by planned shutdown of MBF at SW unit during the quarter. EBITDA stood at Rs 289 crore in Q2FY25, EBITDA margin declined by 82 bps YoY to 15.6%. PAT stood at Rs 155 crore in Q2FY25, PAT margin was at 8.4% during the quarter. Standalone: Total Income stood at Rs 1,712 crore in Q2FY25 impacted by planned shutdown of MBF at SW unit. EBITDA stood at Rs 270 crore in Q2FY25, EBITDA margin was at 15.7%. PAT stood at Rs 152 crore in Q2FY25, PAT margin stood at 8.9% during the quarter. H1FY25 Financial Highlights: Consolidated: Total Income grew by 6.5% YoY to Rs 3,885 crore in H1FY25. EBITDA surged by 31.8% YoY to Rs 666 crore in H1FY25, EBITDA margin expanded by 329 bps YoY to 17.2%. PAT grew by 52.8% YoY to Rs 381 crore in H1FY25, PAT margin expanded by 297 bps YoY to 9.8% in H1FY25. Standalone: ???????Total Income grew by 4.3% YoY to Rs 3,564 crore in H1FY25. EBITDA surged by 21.0% YoY to Rs 623 crore in H1FY25, EBITDA margin expanded by 242 bps YoY to 17.5%. PAT grew by 37.2% YoY to Rs 364 crore in H1FY25, PAT margin expanded by 245 bps YoY to 10.2% in H1FY25. Other Highlights: DI Pipes sales volumes stood at 1.76 lakh MT in Q2FY25 and 3.68 lakh MT in H1FY25 vis-a-vis 3.56 lakh MT in H1FY24. Export constituted 14% & 13% of the DI Pipe volumes in Q2FY25 and H1FY25, respectively. Result PDF
Iron & Steel Products company Electrosteel Castings announced Q1FY25 results: Consolidated: Total Income increased by 18.9% YoY to Rs 2,036 crore in Q1FY25. EBITDA surged by 101.6% YoY to Rs 378 crore in Q1FY25, the EBITDA margin expanded by 761 bps YoY to 18.5% led by economies of scale. PAT surged by 201.7% YoY to Rs 226 crore in Q1FY25, PAT margin expanded by 673 bps YoY to 11.1% during the quarter. Standalone: Total Income grew by 21.0% YoY to Rs 1,851 crore in Q1FY25. EBITDA grew by 91.9% YoY to Rs 354 crore in Q1FY25, the EBITDA margin expanded by 705 bps YoY to 19.1% led by economies of scale coupled with operational excellence. PAT surged by 160.9% YoY to Rs 212 crore in Q1FY25, the PAT margin expanded by 615 bps YoY to 11.5% during the quarter. Other Highlights: DI Pipes sales volumes stood at 1.93 Lakh MT in Q1FY25. Export constituted 12% of the DI Pipe volumes in Q1FY25 Result PDF
Iron & Steel Products company Electrosteel Castings announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: EBITDA grew by 50.9% YoY to Rs 346 crore in Q4FY24, the EBITDA margin expanded by 495 bps YoY to 17.0%. Highest ever PAT of Rs 227 crore, up by 153.8% YoY in Q4FY24, PAT margin expanded by 645 bps YoY to 11.1%. Decline in interest cost by 33.3% during the quarter FY24 Financial Highlights: Revenues at Rs 7,580 crore, Highest ever yearly EBITDA and PAT at Rs 1,281 crore and Rs 740 crore, respectively in FY24 EBITDA margin and PAT margin at 16.9% and 9.8%, respectively in FY24 Adjusted FY24 ROCE at 19.0% (FY23 - 13.0%) and ROE at 19.3% (FY23 - 11.2%) Strong Order Book visibility of 10 months Consistently rewarding stakeholders with dividend. FY24: Rs 1.40 (140% of Face Value-including interim dividend of Rs 0.50) Result PDF
Conference Call with Electrosteel Castings Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.