Electrosteel Castings Q4 FY26 results (Jan–Mar 2026) and concall

Capital Goods · Concall AI · Call held 18 May 2026

Company page: Electrosteel Castings share price, financials & guidance record

Electrosteel Castings faced a challenging Q4 FY26 with subdued domestic demand and a standalone loss, primarily due to slower execution of JJM 1.0 and an exceptional cost from new labor rules. However, strong export performance and the T.I.S. Italy acquisition provided some cushion. Management is optimistic about demand recovery from Q2 FY27 with the approval of JJM 2.0 and is diversifying into new products like valves and industrial paints, while maintaining a strong balance sheet with reduced debt.

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What they filed

Q4 FY26: revenue down 12.2%, net profit down 90.5% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26
Revenue	1,828	1,780	1,701	1,558	1,396 −24%	1,472 −17%	1,493 −12%
Expenses	1,560	1,525	1,541	1,387	1,303	1,438	1,431
EBITDA	268	255	160	170	93 −65%	34 −87%	62 −61%
Margin	15%	14%	9%	11%	7%	2%	4%
Other income	21	39	39	28	95	16	37
Interest	40	45	35	36	38	37	32
Depreciation	36	37	37	41	43	45	44
Profit before tax	212	213	126	121	107 −50%	-32 −115%	23 −82%
Tax rate	27%	25%	-33%	27%	27%	-31%	29%
Net profit	155	160	168	89	78 −50%	-22 −114%	16 −90%
EPS	2.51	2.59	2.72	1.44	1.27	-0.35	0.26

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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