Ganesha Ecosphere (514167) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated revenue was ₹51,295.07 lakh and PAT ₹2,807.57 lakh, versus ₹36,338.16 lakh and a ₹49.99 lakh loss in Q2 FY26; H1 revenue reached ₹93,662.74 lakh and PAT ₹5,711.05 lakh.

• Q2 revenue rose 21.1% QoQ consolidated and 20.7% QoQ standalone, supported by higher sales volumes; H1 consolidated turnover increased 33.7%.

Financial highlights

• Consolidated Q2 revenue was ₹51,295.07 lakh vs ₹36,338.16 lakh YoY; EBITDA was ₹60.7 crore vs ₹22.3 crore, and PAT was ₹2,807.57 lakh vs a ₹49.99 lakh loss.

• Standalone Q2 revenue was ₹31,648.83 lakh vs ₹25,935.20 lakh YoY; EBITDA was ₹24.51 crore and PAT ₹1,449.89 lakh vs ₹781.83 lakh.

• Consolidated H1 revenue was ₹93,662.74 lakh vs ₹70,050.58 lakh; EBITDA was ₹120.42 crore and PAT ₹5,711.05 lakh vs ₹1,025.37 lakh.

• Standalone H1 revenue was ₹57,878.94 lakh vs ₹48,082.36 lakh; EBITDA was ₹48.3 crore and PAT ₹2,824.84 lakh vs ₹1,548.12 lakh.

Outlook and guidance

• FY27 EBITDA guidance is ₹225–250 crore; management expects ₹235–240 crore, near the upper end.

• Standalone EBITDA guidance is ₹7–8/kg; sustainable rPET EBITDA is near ₹20/kg, with broader rPET guidance of ₹20–22/kg.

• Quarterly standalone volumes are expected at 28,000–29,000 tons; Warangal optimum utilization target is 85%, and rPET utilization is expected to reach 90% by FY27-end through debottlenecking.

• Plans include 50,000 tons of additional capacity, 1.5 lakh tons targeted by FY28-end, and value-added products reaching ~65% of revenue versus 40% currently.

• Warangal fire restoration is expected by February–March; the fifth rPET granules line is expected to be commissioned in Q4 FY27, with one update targeting January 2027.