Electrosteel Castings Limited — Investor Meet, 10-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Electrosteel Castings reported Q2 FY26 consolidated total income at ₹1,491 Cr, down 19.4% YoY, with PAT at ₹78 Cr, a 49.6% YoY decrease. This performance was attributed to a temporary slowdown in Jal Jeevan Mission (JJM) funding. The company boosted its water infrastructure footprint by acquiring Italian valve manufacturer T.I.S. Service S.p.A., known for a patented product converting pressure dispersion into electricity. Management remains optimistic, citing strong demand drivers from government water initiatives like JJM and AMRUT 2.0. The company maintains a healthy balance sheet, with H1 FY26 consolidated Net Debt-Equity at 0.30.