Electrosteel Castings FY26 PAT Drops 77% to ₹161 Crores

Electrosteel Castings reported FY26 consolidated PAT of ₹161 crores, down 77.2% YoY, including a ₹38 crore labor code provision.
Consolidated total income declined 17.6% to ₹6,133 crores due to muted demand and lower government water infrastructure spending.
The company expects demand recovery by Q2FY27, citing enhanced ₹8.69 lakh crore Jal Jeevan Mission 2.0 budget approval.
DI pipe sales volume dropped to 5.84 lakh tons in FY26 from 7.81 lakh tons in FY25, reflecting market challenges.