Electrosteel Castings Re-Appoints CEO Amid Q3 Loss

Electrosteel Castings Ltd, a leading manufacturer of ductile iron pipes and a key player in the water infrastructure sector, has announced its financial results for the December quarter of FY26. The company posted consolidated revenue from operations at 14.72 billion rupees, reflecting steady demand across domestic and international markets. However, it reported a net loss of 218.8 million rupees, underscoring challenges in cost management and margin pressures.  

In a significant leadership update, Electrosteel Castings confirmed the re-appointment of Sunil Katial as Chief Executive Officer for a five-year term. His continued leadership is expected to provide strategic stability and guide the company’s long-term growth initiatives in infrastructure and water management solutions.  

Key highlights from the announcement include  

• Consolidated revenue from operations at 14.72 billion rupees in Q3 FY26  
• Net loss reported at 218.8 million rupees for the December quarter  
• Re-appointment of Sunil Katial as CEO for five years  
• Steady demand across domestic and international markets supported revenue  
• Challenges in cost management and margin pressures impacted profitability  

Industry experts emphasize that while the company faces short-term financial challenges, leadership continuity and strong market demand position Electrosteel Castings for recovery and sustained growth in the coming quarters.  

Sources: Reuters, Economic Times, Business Standard, Mint