Electrosteel Castings Ltd
Electrosteel Castings Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Installed capacity expected to reach 9 lakh tons by March 2025 and 9.5-10 lakh tons by March 2027. - Production projected between 8.5-9 lakh tons in FY26 and around 9.5-10 lakh tons by FY27. - Turnover anticipated to grow from current ~Rs. The company aims to reach installed DI pipe capacity of 9 lakh tons by March 2025, and 9.5-10 lakh tons by March 2027, driving volume growth.
From Electrosteel Castings Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Installed capacity expected to reach 9 lakh tons by March 2025 and 9.5-10 lakh tons by March 2027.
- Production projected between 8.5-9 lakh tons in FY26 and around 9.5-10 lakh tons by FY27.
- Turnover anticipated to grow from current ~Rs. 6000 crores to approximately Rs. 9,000-9,500 crores by March 2027 (1.5x increase).
- EBITDA margins expected to maintain between 16%-18%.
- Demand outlook robust due to government initiatives (Jal Jeevan Mission, AMRUT 2.0, River Linking) and increasing water infrastructure spends.
- Supply-demand gap currently favorable; expected to continue, supporting volume growth.
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Profitability & Margins
See what Electrosteel Castings Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Ongoing Phase-2 brownfield expansion with a planned CAPEX of Rs. 700 crores to increase DI pipe manufacturing capacity to 1 million tons by March 2026.
- Rs. 480 crores spent till December 2024 on this expansion.
- Minor delay of 2-3 months due to manpower shortage and equipment supply delays; expected installed capacity of 9 lakh tons by March 2025.
- Exploring further product line additions towards water infrastructure solutions.
- Plans for the Odisha plant with an estimated capacity of 4-5 lakh tons, likely starting between FY27-28.
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Electrosteel Castings Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book stands at around 6 lakh tons of DI pipes, equivalent to approximately 8.5 months of orders.
- There has been a momentary slowdown in government expenditure, notably affecting the Jal Jeevan Mission, which contributes around 50% of the order book.
- Post the upcoming budget, the company is optimistic about orders resuming and expects spending to restart from April 2025.
- New government initiatives like River Linking, state-level irrigation projects, and AMRUT 2.0 are providing good impetus for future orders.
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Electrosteel Castings Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.5K Cr, net profit ₹16 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Electrosteel Castings Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were Electrosteel Castings Ltd Q3 FY25 results?
Installed capacity expected to reach 9 lakh tons by March 2025 and 9.5-10 lakh tons by March 2027. - Production projected between 8.5-9 lakh tons in FY26 and around 9.5-10 lakh tons by FY27. - Turnover anticipated to grow from current ~Rs. The company aims to reach installed DI pipe capacity of 9 lakh tons by March 2025, and 9.5-10 lakh tons by March 2027, driving volume growth.
What is Electrosteel Castings Ltd share price analysis?
Electrosteel Castings Ltd currently shows a neutral. The stock trades at a P/E of 23.4 with a market cap of ₹4,450 Cr. Investors should review the full earnings analysis for detailed insights.
Is Electrosteel Castings Ltd planning capital expenditure?
Ongoing Phase-2 brownfield expansion with a planned CAPEX of Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.