Electrosteel Castings reports Q2 income and profits, approves acquisitions

Electrosteel Castings Limited reported an unaudited consolidated total income of INR 149,094.86 lakhs for the quarter ended September 30, 2025, with a profit before tax of INR 10,681.59 lakhs and a profit for the period of INR 7,828.70 lakhs. For the half-year, consolidated total income was INR 307,663.13 lakhs, with a profit before tax of INR 22,802.39 lakhs and a profit for the period of INR 16,736.53 lakhs. Basic earnings per share for the quarter and half-year were INR 1.27 and INR 2.71, respectively.

The board of directors approved the acquisition of a 70% shareholding in Arabian Water Tech LLC (AWT) for approximately INR 50,00,000. This acquisition aims to safeguard Electrosteel Castings' interests in the Oman market, where AWT currently acts as an authorized agent for selling ductile iron pipes. AWT’s turnover for 2024-25 was OMR 46,963.60.

Additionally, the company noted the incorporation of Electrosteel Vietnam Limited (EVL) as a wholly-owned subsidiary of Singardo International Pte Ltd, which is itself a wholly-owned subsidiary of Electrosteel Castings Limited. EVL will operate in export, import, wholesale, retail distribution, and consultancy services to facilitate sales. The board also approved changing the name of the "Corporate Social Responsibility Committee" to "Corporate Social Responsibility and Sustainability Committee."