🏗️ Gallantt Ispat Q4 FY25: ₹98 Cr Revenue, ₹116 Cr PAT – Wait, How Is Profit More Than Sales?

Author: Prashant Marathe
Date Published: May 21, 2025

⚠️ At a Glance

• Revenue (Q4): ₹98.49 Cr
• Net Profit (Q4): ₹116.44 Cr (!?)
• EPS (Q4): ₹4.83
• FY25 Net Profit: ₹568.09 Cr
• Full Year EPS: ₹23.55
• CMP: ₹479
• EduFair Value: ₹470–₹520
  👉 Verdict: This steel stock prints more profit than it sells steel. Literally.

🧾 What’s Going On?

Yes, you read that right — PAT > Revenue.
This isn’t a glitch. It’s because Gallantt has:

• 💰 Huge “Other Income” from investments and treasury operations
• 🔁 Real estate or asset disposal gains likely
• 📈 Possibly fair-value adjustments that blow up reported profits

So while the reported PAT is ₹116 Cr in Q4, we know this isn’t core steel operations.

🏭 About the Company