Electrosteel Castings' Q2 FY 2025-26 Quarterly Results

Result Summary

• Electrosteel Castings Ltd reported a 6.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 19.4%.
• Its expenses for the quarter were down by 5.5% QoQ and 15.4% YoY.
• The net profit decreased 12.1% QoQ and decreased 49.6% YoY.
• The earnings per share (EPS) of Electrosteel Castings Ltd stood at 1.27 during Q2 FY 2025-26.

Financial Statments for Q2 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 prominent Indian company engaged in the manufacturing of ductile iron pipes, cast iron pipes, and fittings. The company operates within the infrastructure sector, primarily catering to the water and sewage industries. Electrosteel Castings has a significant presence both domestically and internationally, serving various governments, municipalities, and private entities with its products. While the provided data does not include recent major developments or strategic changes, the company continues to focus on its core business of pipe manufacturing. No additional information about recent developments is available in the provided data.

Revenue

During the second quarter of the fiscal year 2026 (Q2FY26), Electrosteel Castings Ltd reported a total income of ₹1490.95 crores. This represents a decrease from the ₹1585.68 crores reported in the first quarter of FY26 (Q1FY26), marking a quarter-over-quarter (QoQ) decline of 6.0%. When compared to the second quarter of the previous fiscal year (Q2FY25), where the total income was ₹1848.95 crores, there is a year-over-year (YoY) decrease of 19.4%. This decline reflects a contraction in revenue generation over both measured periods.

Profitability

Electrosteel Castings Ltd's profitability in Q2FY26 is characterized by a profit before tax (PBT) of ₹106.82 crores, down from ₹121.21 crores in Q1FY26, indicating an 11.9% QoQ decrease. Compared to Q2FY25, where PBT was ₹212.47 crores, there's a 49.7% YoY reduction. Tax expenses decreased to ₹28.53 crores in Q2FY26 from ₹32.13 crores in Q1FY26, reflecting an 11.2% reduction QoQ, and a 50.2% decrease YoY from ₹57.27 crores in Q2FY25. Profit after tax (PAT) for Q2FY26 was ₹78.29 crores, down from ₹89.07 crores in Q1FY26, exhibiting a 12.1% QoQ decline, and a 49.6% decrease from ₹155.20 crores YoY. Earnings per share (EPS) followed a similar pattern, decreasing to ₹1.27 from ₹1.44 QoQ, and from ₹2.51 YoY.

Operating Metrics

In Q2FY26, Electrosteel Castings Ltd recorded total expenses of ₹1384.13 crores, a decline from ₹1464.48 crores in Q1FY26, representing a 5.5% QoQ decrease. Compared to the same quarter in the previous fiscal year (Q2FY25), where expenses were ₹1636.47 crores, there is a YoY reduction of 15.4%. The decline in both income and expenses suggests a contraction in operational activities. However, financial ratios such as the current ratio, P/E ratio, or debt-to-equity ratio cannot be calculated with the provided data, as additional information such as current liabilities, share price, and total debt is required.