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.

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