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Electrosteel Castings Limited Q2 FY26 earnings call summary

NSE: ELECTCAST · BSE: 500128

Earnings call of 10 Nov 2025, summarised by AI from the filing.

Net debt rose to ₹1,626 cr standalone, utilization up around ₹230 cr vs June 2025 on valve acquisition.

Key takeaways

  1. Change Net debt rose to ₹1,626 cr standalone, utilization up around ₹230 cr vs June 2025 on valve acquisition.
  2. Driver Jal Jeevan Mission extension to 2028 and river interlinking projects underpin long-term growth; rebound expected from calendar 2026.
  3. Risk DI pipe demand slowdown due to delays in government spending; production moderated, costs increased, pricing under pressure.

Original filing on BSE

Electrosteel Castings Limited Q1 FY27 results

As filed: Revenue ₹1,426 cr (−9% year on year), EBITDA ₹100 cr (−41% year on year), PAT ₹48.4 cr (−46% year on year), EBITDA margin 7.0% (−390 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹1,493 cr (−12% year on year), EBITDA ₹61.8 cr (−61% year on year), PAT ₹16.0 cr (−90% year on year), EBITDA margin 4.1% (−521 bps). Score 24 of 100, Below trend. Revenue, EBITDA and profit growth were below the company's own trend. EBITDA margin fell 521 bps year on year. Other income 165% of PBT. Share price after the results: +1.3% in 30 days (Nifty 500: +2.9%).
  • Q3 FY26: Revenue ₹1,472 cr (−17% year on year), EBITDA ₹34.1 cr (−87% year on year), PAT −₹21.9 cr (−97% year on year), EBITDA margin 2.3% (−1,000 bps). Score 23 of 100, Below trend. Revenue, EBITDA and profit before exceptional items growth were well below the company's own trend. EBITDA margin fell 1000 bps year on year. Profit fell 94% from last quarter. Share price after the results: −12.2% in 28 days (Nifty 500: −4.1%).
  • Q2 FY26: Revenue ₹1,396 cr (−24% year on year), EBITDA ₹93.0 cr (−65% year on year), PAT ₹78.0 cr (−50% year on year), EBITDA margin 6.7% (−794 bps). Score 14 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend; profit growth was below it. EBITDA margin fell 794 bps year on year. Other income 89% of PBT. Revenue fell 10% from last quarter. Share price after the results: −17.9% in 30 days (Nifty 500: −0.8%).
  • Q1 FY26: Revenue ₹1,558 cr (−23% year on year), EBITDA ₹170 cr (−52% year on year), PAT ₹89.0 cr (−61% year on year), EBITDA margin 10.9% (−668 bps). Score 20 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 668 bps year on year. Revenue fell 8% from last quarter. Share price after the results: −9.5% in 30 days (Nifty 500: +0.7%).
  • Q4 FY25: Revenue ₹1,701 cr (−15% year on year), EBITDA ₹159 cr (−49% year on year), PAT ₹168 cr (−26% year on year), EBITDA margin 9.4% (−622 bps). Score 8 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 622 bps year on year. Other income 31% of PBT. Tax rate -33%. Revenue fell 4% from last quarter. Share price after the results: +44.6% in 30 days (Nifty 500: +7.7%).
  • Q3 FY25: Revenue ₹1,777 cr (−5% year on year), EBITDA ₹256 cr (−37% year on year), PAT ₹160 cr (−39% year on year), EBITDA margin 14.4% (−732 bps). Score 18 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 732 bps year on year.
  • Q2 FY25: Revenue ₹1,828 cr (−5% year on year), EBITDA ₹267 cr (−11% year on year), PAT ₹155 cr (−11% year on year), EBITDA margin 14.6% (−103 bps). Score 22 of 100, Below trend. EBITDA margin fell 103 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 9% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Electrosteel Castings Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.