Electrosteel Castings Limited — Investor Meet, 06-11-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Electrosteel Castings Limited reported a 4.6% decline in Q2 FY25 total income to ₹1,849 crores, attributed to a planned shutdown. However, H1 income rose by 6.5% to ₹3,885 crores. Net debt-equity improved to 0.27, and long-term credit ratings were upgraded to ‘AA’. The company aims to enhance DI pipe capacity to 1 million tons by FY26, benefiting from strong government infrastructure initiatives. EBITDA and PAT margins showed significant growth despite production challenges.