Electrosteel Castings Limited — Updates, 31-01-2025: Press Release

Consolidated total income for Electrosteel Castings Limited stood at INR 5,701 crore for the first nine months of FY25, reflecting a 2.9% year-on-year increase. EBITDA for the period reached INR 961 crore, with a margin of 16.9%, up 2.7% YoY. Profit After Tax (PAT) also showed improvement, amounting to INR 541 crore, a 5.5% rise from the previous year.

In Q3FY25, total income was INR 1,816 crore, down 4% YoY, attributed to lower volumes due to the shutdown of the MBF at the SW unit. EBITDA was reported at INR 294 crore, resulting in a margin of 16.2%, while PAT fell to INR 160 crore, reflecting a 39.2% decrease compared to Q3FY24.

The standalone results mirrored the consolidated figures, with Q3FY25 total income at INR 1,672 crore, down 7.8% YoY. PAT for the quarter stood at INR 157 crore, a decrease of 37.6%. The company’s performance indicates ongoing challenges, particularly in the third quarter, warranting close monitoring for potential recovery strategies.