Gallantt Ispat Limited

rs,

BSE Limited Floor 25, P J Towers, Dalal Street Mumbai- 400 001. INDIA. Scrip Code: 532726 National Stock Exchange of India Limited

129 MW

er factors beyond the Company’s control. Gallantt at a Glance CAPACITIES 1.0 MMTPA Finished Steel 129 MW Captive Power 5,000+ Workforce ₹ ~300 Cr Land Bank GROWTH ENGINE PAT Growth: 20.8% (FY26) EBITDA G

20.8%

Finished Steel 129 MW Captive Power 5,000+ Workforce ₹ ~300 Cr Land Bank GROWTH ENGINE PAT Growth: 20.8% (FY26) EBITDA Growth: 9.3% (FY26) RATING IND AA-/Stable Long Term rating HUBS Manufacturing Uni

9.3%

e Power 5,000+ Workforce ₹ ~300 Cr Land Bank GROWTH ENGINE PAT Growth: 20.8% (FY26) EBITDA Growth: 9.3% (FY26) RATING IND AA-/Stable Long Term rating HUBS Manufacturing Units Kutch (Gujarat) Gorakhpu

25%

ant Automation Gallantt Ispat is the largest producer of Rebars in Uttar Pradesh and proudly holds 25% market share in its addressable geographies. Journey in Milestones • Commencement of commercial

1.7 lakh

ts addressable geographies. Journey in Milestones • Commencement of commercial operations at a 1.7 lakh MTPA integrated steel plant • Captive Power capacity of 25 MW in • Prepayment of term loan 200

25 MW

of commercial operations at a 1.7 lakh MTPA integrated steel plant • Captive Power capacity of 25 MW in • Prepayment of term loan 2005 Kutch, Gujarat 2014 • Commissioning of a 1.67 lakh MTPA

1.67 lakh

capacity of 25 MW in • Prepayment of term loan 2005 Kutch, Gujarat 2014 • Commissioning of a 1.67 lakh MTPA integrated steel plant at Gorakhpur, Uttar Pradesh. 2009 • Capacity expanded at both unit

10 lakh

integrated steel plant at Gorakhpur, Uttar Pradesh. 2009 • Capacity expanded at both units to 10 lakh MTPA • Captive power capacity scaled to 129 MW across both units • Modern Wagon Tippler with RM

3.3 lakh

Offering (IPO) and listing of shares 2023 2025 2017 • Gorakhpur Plant capacity expanded to 3.3 lakh MTPA • Backward integration with pellet plant at Gorakhpur • Two railway rakes acquired for smo

0.165 MT

at Uttar Pradesh • Enhanced Corporate Governance through Digitalization • Additional DRI kiln (0.165 MTPA) commissioned at Gorakhpur • New 30-ton furnace installed for steel making Global Steel Indus

7.4%

but the divergence between regions has never been sharper. CY2026 Steel Demand Growth by Region -7.4% Middle East Global Demand 2026 1,724 MT +0.3%: the floor Global Demand 2027 1,762 MT +2.2%:

“FY25 to FY26 ₹ 8,308 ₹ 408 ₹ -207 ₹ -294 ₹ -24 ₹ 175 ₹ 419 ₹ 8,785 EBITDA FY25 Volume NSR Raw Material Power & Fuel Fixed Cost Others EBITDA FY26 EBITDA trajectory reflects structural margin improvement per tonne, not cyclical steel price tailwinds.”

EBITDA Bridge Per Tonne

1

For further information

1

EBITDA Bridge Per Tonne

FY25 to FY26 ₹ 8,308 ₹ 408 ₹ -207 ₹ -294 ₹ -24 ₹ 175 ₹ 419 ₹ 8,785 EBITDA FY25 Volume NSR Raw Material Power & Fuel Fixed Cost Others EBITDA FY26 EBITDA trajectory reflects structural margin improvement per tonne, not cyclical steel price tailwinds. This positions Gallantt to sustain profitability even during commodity price corrections. GALLANTT’S OPERATING LEVERAGE PLAYING OUT – A STRUCTURAL SHIFT Dec’22 → Dec’23 Initial Cost Discipline + Stable Operations Dec’24 → Jun’25 Ramp-up of Expanded Capacities WHRB share to 45% ₹ 1,006 ₹ 1,094 ₹ 1,036 ₹ 1,063 ₹ 950 ₹ 1,177 ₹ 1,160 19% ₹ 943 16% ₹ 1,118 ₹ 1,072 18% 17% 22% ₹ 1,128 ₹ 1,013 ₹ 1,074 13% 14% 11% 8% 7% 9% 10% 10% ₹ 1,400 ₹ 1,200 ₹ 1,000 ₹ 800 ₹ 600 ₹ 400 ₹ 200 ₹ - ₹ 1,204 25% 20% 17% 15% 10% 5% 0% Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Revenue EBITDA Margin REVENUE CAGR (FY22 - FY26): 27% EBITDA CAGR (FY22 - FY26): 30% Revenue Growth Outpacing EBITDA by 2.2x