Electrosteel Castings' Q1 FY 2025-26 Quarterly Results

Result Summary

• Electrosteel Castings Ltd reported a 22.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 22.1%.
• Its expenses for the quarter were down by 17.7% QoQ and 15.4% YoY.
• The net profit decreased 60.8% QoQ and decreased 60.6% YoY.
• The earnings per share (EPS) of Electrosteel Castings Ltd stood at 1.4 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Electrosteel Castings Ltd is a renowned manufacturer in the iron and steel industry, specializing in the production of ductile iron pipes, ductile iron fittings, and cast iron pipes. These products are primarily used for water supply and sewage systems, serving both domestic and international markets. The company has a long history of operations, emphasizing quality and innovation to meet customer demands. While detailed information about recent major developments is not provided in the current context, Electrosteel Castings Ltd has been involved in various infrastructure projects that align with its core business offerings.

Revenue

In the first quarter of the fiscal year 2026 (Q1FY26), Electrosteel Castings Ltd reported a total income of ₹1585.68 crores. This represents a decrease of 22.2% compared to the previous quarter (Q4FY25), where the total income was ₹2038.55 crores. On a year-over-year basis, there was a 22.1% decline from the same quarter in the previous year (Q1FY25), which registered a total income of ₹2036.01 crores. The reported decline in total income across both QoQ and YoY metrics indicates a significant reduction in revenue generation for the period under review.

Profitability

For Q1FY26, Electrosteel Castings Ltd recorded a profit before tax of ₹121.21 crores, marking a decrease of 53.3% from the previous quarter (Q4FY25), which stood at ₹259.82 crores. On a year-over-year comparison, there was a 60.2% decrease from Q1FY25, where the profit before tax was ₹304.54 crores. The profit after tax for Q1FY26 was ₹89.07 crores, down by 60.8% from the ₹227.15 crores in Q4FY25. Compared to Q1FY25, this represents a 60.6% decline from the ₹226.04 crores reported. The earnings per share (EPS) in Q1FY26 stood at ₹1.40, down from ₹3.70 in Q4FY25 and ₹3.60 in Q1FY25, reflecting a decline of 62.2% QoQ and 61.1% YoY.

Operating Metrics

The total expenses for Electrosteel Castings Ltd in Q1FY26 amounted to ₹1464.48 crores, a reduction of 17.7% from Q4FY25, which recorded expenses of ₹1778.74 crores. Compared to Q1FY25, total expenses decreased by 15.4% from ₹1731.47 crores. The tax expenditure for Q1FY26 was ₹32.13 crores, showing a slight decrease of 1.7% from Q4FY25's ₹32.67 crores and a more substantial drop of 59.1% compared to Q1FY25's ₹78.51 crores. These operating metrics highlight a reduction in both income and expenses, with notable adjustments in tax obligations across the periods analyzed.