India's Gallantt Ispat hits record high on quarterly profit rise

Gallantt Ispat

30/07/2025 05:05

** Shares of Gallantt Ispat GALM.NS rises 5.4% to a record high of 718 rupees

** Iron and steel manufacturer posts a 42.6% y/y rise in its Q1 consol profit, while rev is down 2.8%

** Expenses drop 6.5% y/y

** Stock set for a fifth monthly gain, if trend holds

** YTD, stock up 97%

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))