Submission of Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June, 2026.
RESULTS
◆ Monitor Closely
LOW RISK
📅 Filed on BSE: 27 Jul 2026, 06:32 PM IST · BSE ID: 7355ad78-a2d6-47b4-ba7d-dffc7ac02a5e
View Original BSE Filing (PDF)
💡
In Simple Terms
Gallantt Ispat released its quarterly financial results, changed its auditor, and appointed a new Chief Financial Officer.
🤖 AI Summary
- Gallantt Ispat's Board approved Unaudited Standalone and Consolidated Financial Results for Q1 FY27.
- Standalone Net Profit for Q1 FY27 was Rs. 12,366.73 Lakhs, with Revenue from operations at Rs. 114,566.71 Lakhs.
- M/s. Maroti & Associates resigned as Statutory Auditors; M/s. Singhi & Co appointed, subject to AGM approval.
- Mr. Amit Jalan was appointed as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective July 27, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Standalone Revenue from operations Q1 FY27
114,566.71 Lakhs
Standalone Net Profit Q1 FY27
12,366.73 Lakhs
Consolidated Revenue from operations Q1 FY27
114,566.71 Lakhs
Consolidated Net Profit Q1 FY27
12,366.74 Lakhs
Basic EPS Q1 FY27
5.13 Rupees
🏢 How This Affects the Company
The appointment of a new CFO indicates a stabilization or change in financial leadership, which can influence strategic financial planning and execution.
The financial results for Q1 FY27 provide an updated overview of the company's revenue and profitability, specifically reporting a Net Profit of Rs. 12,366.73 Lakhs.
The change in statutory auditors and the appointment of a new CFO could lead to review and potential adjustments in internal financial reporting and controls.
The smooth transition of statutory auditors and the stated reason for resignation (inability to continue, no concerns raised) suggests a contained audit risk. The appointment of a new CFO introduces a change in a key management function, which requires effective integration.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are not required to take any immediate action based on this filing, apart from noting the appointments and auditor change.
👤
Who Is Affected
All shareholders are affected by the company's financial performance and management changes. The appointment of M/s. Singhi & Co. as statutory auditors is subject to approval at the ensuing Annual General Meeting (AGM).
🔍
Management Signal
The Board's actions signal a focus on continuity in financial oversight with a new CFO and a smooth transition in statutory audit functions.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
AGM for shareholder approval of M/s. Singhi & Co. as auditors
Q2 FY27 financial results for revenue and profit trends
Further updates on management's strategic plans under new CFO
LOW RISK
The auditor change was noted as due to inability to continue with no concerns raised.
💡 Investor Takeaway
Gallantt Ispat Ltd reported Q1 FY27 standalone net profit of Rs. 12,366.73 Lakhs and revenue from operations of Rs. 114,566.71 Lakhs. The Board also approved the resignation of M/s. Maroti & Associates as statutory auditors and appointed M/s. Singhi & Co. Mr. Amit Jalan was appointed as CFO.
⚖️ Strengths & Concerns
✅ Positives
- Standalone Net Profit for Q1 FY27 (ended June 30, 2026) was Rs. 12,366.73 Lakhs.
- Revenue from operations for Q1 FY27 stood at Rs. 114,566.71 Lakhs.
⚠️ Concerns
- Standalone Net Profit for Q1 FY27 of Rs. 12,366.73 Lakhs represents a decrease from Rs. 17,379.13 Lakhs in Q1 FY26.
- Standalone Revenue from operations for Q1 FY27 of Rs. 114,566.71 Lakhs is a slight increase from Rs. 112,777.01 Lakhs in Q1 FY26, but lower than Q4 FY26 (Rs. 120,441.31 Lakhs).
📅 Company Track Record
Gallantt Ispat's FY26 PAT grew 20.8% to ₹ 484.3 Cr, with ₹ 3000 Cr capex ongoing, as reported on May 6, 2026. Production data from April 6, 2026, showed Q4 FY26 pellet output surged 2,21,612 MT (59% YoY), with FY26 capacity utilisation at 86% average.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Gallantt Ispat Ltd's standalone net profit for the quarter ended June 30, 2026?
Gallantt Ispat Ltd reported a standalone net profit of Rs. 12,366.73 Lakhs for the quarter ended June 30, 2026.
What was Gallantt Ispat Ltd's standalone revenue from operations for Q1 FY27?
The standalone revenue from operations for Gallantt Ispat Ltd for the quarter ended June 30, 2026, was Rs. 114,566.71 Lakhs.
Who has been appointed as the new Chief Financial Officer (CFO) of Gallantt Ispat Ltd?
Mr. Amit Jalan has been appointed as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of Gallantt Ispat Ltd, effective July 27, 2026.
Which firm has been appointed as the new Statutory Auditor for Gallantt Ispat Ltd?
M/s. Singhi & Co., Chartered Accountants (Firm Registration No. 302049E), has been appointed as the new Statutory Auditor for Gallantt Ispat Ltd, subject to approval at the ensuing Annual General Meeting.
What was the Basic Earnings per Share (EPS) for Gallantt Ispat Ltd in Q1 FY27?
The Basic Earnings per Share (EPS) for Gallantt Ispat Ltd for the quarter ended June 30, 2026, was 5.13 Rupees.
Questions based on this BSE filing only. For information purposes.