Gallard Steel Reports ₹4.81 Cr Profit, ₹36.48 Cr Revenue for FY26; IPO Funds Unutilised

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AuthorAnanya Iyer|Published at:
Gallard Steel Reports ₹4.81 Cr Profit, ₹36.48 Cr Revenue for FY26; IPO Funds Unutilised
Overview

Gallard Steel Ltd announced its audited results for fiscal year 2025-26, posting ₹4.81 crore in net profit on ₹36.48 crore in revenue. Auditors issued an unmodified opinion. Notably, ₹26.02 crore from its IPO remains unutilised, held in fixed deposits, indicating potential future growth.

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Gallard Steel Reports FY26 Results

Gallard Steel Ltd has announced its audited financial results for the fiscal year ended March 31, 2026. The company reported a consolidated net profit of ₹4.81 crore on consolidated revenue of ₹36.48 crore for the period.

Auditors' Unmodified Opinion

The company's statutory auditors provided an unmodified opinion on both standalone and consolidated financial statements, confirming the accuracy of the reported figures.

Unutilised IPO Funds Status

A substantial ₹26.02 crore from Gallard Steel's Initial Public Offering (IPO) remains unutilised. These funds, originally raised for working capital, general corporate purposes, and capital expenditure, are currently held in fixed deposits, signaling potential for future investment or expansion initiatives.

Industry Context

Gallard Steel operates within the competitive steel manufacturing sector. Peers include Vardhman Special Steels Ltd., which reported FY23 revenue of ₹1,015 crore, and Electrosteel Castings Ltd., which reported FY23 revenue of ₹4,773 crore.

What to Track Next

Key areas for investors to track going forward include the company's plans for deploying the remaining ₹26.02 crore in IPO funds. Future financial performance, revenue growth, and any updates on new projects or capacity expansions will also be closely observed.

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