Electrosteel Castings Limited (ECL) has announced its unaudited consolidated and standalone financial results for the third quarter and nine months ended December 31, 2025. Consolidated total income for Q3FY26 declined by 16.1% year-on-year to ₹1,526 Crores, and for the nine months ended FY26, it decreased by 19.3% to ₹4,602 Crores. This reduction is attributed to lower government spending in recent quarters. Consolidated EBITDA (including other income and before exceptional items) was ₹88 Crores for Q3FY26 and ₹474 Crores for 9MFY26, with EBITDA margins at 5.8% and 10.3% respectively. Profit After Tax (PAT) for the quarter was a loss of ₹22 Crores, and for the nine months, it was ₹145 Crores. These figures include an exceptional item of ₹38 Crores related to a provision made in compliance with the new labor code. On a standalone basis, total income saw a 23.0% year-on-year decline to ₹1,290 Crores in Q3FY26 and a 23.7% drop to ₹4,000 Crores in 9MFY26. Standalone EBITDA stood at ₹83 Crores for the quarter and ₹442 Crores for the nine months, with margins of 6.4% and 11.1% respectively. Standalone PAT was a loss of ₹20 Crores for Q3FY26 and ₹142 Crores for 9MFY26, also including the ₹38 Crores exceptional item. The company sold 1.34 Lakh tons of DI Pipes, Fittings, and CI Pipes in Q3FY26, a slight decrease from 1.39 Lakh tons in Q2FY26. Looking ahead, the company remains optimistic. The Government of India has revised the Jal Jeevan Mission's budget outlay to approximately ₹17,000 crore for FY 2025-26 and allocated ₹67,600 crores for the next financial year. ECL expects execution to gain traction, supported by the normalization of government funding and a continued policy focus on rural water supply and sustainability.
