Ganesha Ecosphere (514167) Q2 24/25 earnings summary

Executive summary

• Consolidated revenue for Q2 FY25 was ₹386.8 crore, up 38.9% year-over-year, with record EBITDA of ₹55.3 crore and PAT at ₹27.1 crore, reflecting strong operational performance.

• Standalone revenue for the quarter was ₹255.3 crore, with EBITDA at ₹26.6 crore and PAT at ₹20.2 crore.

• Half-year operational revenue reached ₹723.35 crore, with EBITDA of ₹102.97 crore.

• Capacity utilization at 106% in standalone and 58% in subsidiary operations; B2B segment at 72%.

• Interim dividend of ₹1.50 per share declared for FY25.

Financial highlights

• Q2 FY25 EBITDA margin improved to 14.3% from 9.09% year-over-year; standalone EBITDA margin rose to 10.4%.

• Q2 FY25 operating revenue grew 15% sequentially, EBITDA up 16%, and PAT up 20%.

• Consolidated sales volume in Q2 FY25 was 30,000 tons; average realization at ₹95/kg, Warangal plant above ₹100/kg.

• EPS surged to ₹10.71 (consolidated) and ₹7.99 (standalone) year-over-year.

• Cash profits (consolidated) more than doubled year-over-year to ₹40.6 crore.

Outlook and guidance

• FY25 revenue guidance of ₹1,500–1,600 crore with EBITDA margin of 14.5–15%.

• Long-term EBITDA margin target of 16–17%.

• Revenue expected to grow 25–30% annually over the next few years.

• Warangal project to generate ₹500–550 crore in FY25 and ₹750–800 crore in FY26.

• Odisha plant to be commissioned by March 2026, with full benefit expected in FY28.