Electrosteel Castings Limited — Results, 07-08-2026: Integrated Filing- Financial

Electrosteel Castings' board met today, approving the financial results for the quarter ended June 30, 2026.

**1. Financial Performance:**

Consolidated revenue from operations for Q1 FY27 was Rs 1,425.57 Cr, an 8.48% year-on-year decline in its primary Pipes and Fittings segment.

**2. Profitability & Expense Trends:**

Net profit sharply decreased by 45.69% YoY to Rs 48.37 Cr, with Basic EPS falling to Rs 0.78 (vs Rs 1.44 last year). This significant decline was mainly driven by lower revenue, despite a reduction in material costs. Employee benefit expenses increased.

**3. Final Lens for Investors:**

These results reflect weak financial momentum for the quarter.

**Key Business Developments:** The board appointed Mr. Rajesh Daga as the new CFO, effective August 11, 2026. The company also approved manufacturing new rubber products for Indian Railways, including LHB Coach and Vande Bharat components, opening a new business avenue and will pursue vendor registration.