Watch out for Gallant Ispat Q2 results--do you have it in your portfolio?

With metal shares shining on bourses oflate, focus will be on Gallant Ispat Ltd (GIL) when the company declares its Q2 FY17 results on October 13, 2016.

Its YoY EBITDA has come down in March 2016 to Rs 52.44 crore from Rs. 54.55 crore in March 2015. The profits after tax for the company rose by 5.46 per cent for the same period at Rs 28.59 crore Vs Rs 27.11 crore.

The sales for Gallant Ispat stood at Rs 534.76 in march 2016 Vs Rs 560.74 in March 2015 down by 4.63 per cent.

The company is expected to post better earnings growth this quarter owing to a lower base in the previous quarter. In June quarter, the company reported its sales at Rs 117 crore.

GIL, a Gallant Group company incorporated in 2005 in Kolkata manufactures and produces all kinds of iron and steel products such as sponge iron, pellets , pig iron, cast iron , bars, captive power plant and wheat products.

The stock has delivered almost 22 per cent in one year period thus outperforming markets. All eyes will be on the stock on Thursday as it second quarter results are scheduled to be out.