Electrosteel Castings Reports FY25-26 Revenue And Profit Decline

21 May 2026 CW Team

The board approved results; Electrosteel Castings reported consolidated total income for FY25-26 of Rs 61.33 bn compared with Rs 74.43 bn in the prior year, a decline of 17.6 per cent. Quarter income was Rs 15.3 bn, down 12 per cent year on year. Consolidated EBITDA for the year was Rs 5.74 bn, with a margin of nine point four per cent. Profit after tax for the year was Rs one point six one bn.

In the fourth quarter EBITDA including other income and before exceptional items was Rs 990 mn, with a margin of six point five per cent. Quarterly profit after tax was Rs 160 mn. The FY25-26 profit after tax included a provision of Rs 380 mn made in compliance with the new labour code. The decline in profitability reflected muted demand and lower government spending on water infrastructure projects.

On a standalone basis total income for FY25-26 was Rs 52.28 bn, down 23.6 per cent year on year; quarter income was Rs 12.28 bn, down 23.3 per cent. Standalone EBITDA for the year was Rs 4.99 bn and the quarter recorded EBITDA of Rs 570 mn; standalone profit after tax for the year was Rs 1.31 bn while the quarter showed a loss of Rs 110 mn. Diluted earnings per share on a consolidated basis were Rs two point six for the year.

Manufacturing volumes in the quarter were zero point one four eight mn t compared with zero point one eight nine mn t in the prior year, and annual volumes were zero point five eight four mn t against zero point seven eight one mn t in FY24-25. The company noted that the Government has approved the second phase of the Jal Jeevan Mission and enhanced central allocations, and it expects demand to restore by the early second quarter of FY2026-27. Management said this should create medium to long term demand opportunities for the ductile iron pipe industry.

Infrastructure Transport

09 Jun 2026

Afcons Secures Rs 53.01 Billion Vadhvan Breakwater Contract

Afcons Infrastructure has received the Letter of Award from Vadhvan Port Project for the construction of a 10.14-km-long breakwater at the upcoming Vadhvan Port in Maharashtra. Valued at Rs 53.01 billion, the project will create what is set to become the second longest breakwater in the world upon completion.The contract marks a significant milestone for the marine infrastructure specialist and is expected to play a crucial role in the development of Vadhvan Port, envisaged as India's largest public port and one of the world's biggest container ports.Krishnamurthy Subramanian, Executive Chairm..

India Clean Industry Pipeline Grows 30%

India’s clean industry project pipeline has grown by 30 per cent over a six-month period, reflecting rising interest in low-carbon industrial growth amid geopolitical and supply-chain uncertainty.Mission Possible Partnership’s latest Global Project Tracker shows that India now has the world’s third-largest clean industrial project pipeline by project count, after China and the United States. The country has 65 projects across four sectors and 11 states, representing an estimated $433.07 billion investment opportunity in clean fuels, chemicals and low-carbon manufacturing.The pipeline inc..

Kärcher Showcases Professional Cleaning Solutions

Kärcher India recently showcased its professional cleaning solutions portfolio for commercial, industrial, hospitality, healthcare, retail, automotive and institutional applications. The range includes cleaning agents and detergents designed to support efficiency, material safety, operational reliability and hygiene across multiple environments.Under floor cleaning, Kärcher offers solutions such as FloorPro Deep Cleaner RM 751, FloorPro Shine Cleaner RM 755, FloorPro Fine Stoneware Cleaner RM 753, FloorPro Crystallising Agent RM 749 and High Gloss Crystallising Powder RM 775. These products ..