Electrosteel Castings reported challenging FY26 results with standalone Q4 PAT loss of ₹10.7 crore and full-year PAT of ₹131.3 crore, driven by 25% volume decline due to domestic market slowdown.
Management discussed reduced dividend proposal (140% to 90%), export growth of 7%, and debt reduction of ₹598 crore to ₹1,202 crore standalone gross debt as of March 2026.
Company remains cautiously optimistic about Jal Jeevan Mission 2.0 (₹8.69 lakh crore outlay) driving demand recovery from Q2 FY27, targeting 7 lakh tons dispatch and 13-14% consolidated EBITDA margins for FY27.
Strategic updates include T.I.S. Italy acquisition performance (15% revenue growth to EUR 41M), valve manufacturing expansion in India, and planned paint plant with ₹200-250 crore capex over two years.