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Net sales during the period under review rose by 5.6% to Rs 1,062.66 crore as compared with the same period last year.
Profit before tax in Q3 FY24 stood at Rs 70.53 crore, up by 32.7% from Rs 53.16 crore in Q3 FY23. Total tax outgo in Q3 FY24 added up to Rs 11.24 crore, up 48.5% YoY.
Gallantt Ispat is a leading manufacturer of thermo-mechanical treated (TMT) bars with a capacity of 950,000 TPA. The company has presence in key consumption states of Uttar Pradesh and Gujarat.
The scrip rose 0.44% to currently trade at Rs 181.40 on the BSE.
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