Ganesha Ecosphere (514167) Q4 25/26 earnings summary

Executive summary

• Q4 FY26 ended strongly with consolidated production of 41,268 tons, sales volume of 45,162 tons, and revenue up 18.7% QoQ to INR 423.94 crore, with PAT up 388.6% QoQ to INR 23.21 crore.

• FY26 consolidated revenue grew 1.1% YoY to INR 1,481.7 crore, with PAT at INR 103.1 crore, overcoming earlier challenges.

• Full-year profitability was impacted by a weak first nine months due to regulatory uncertainty and macro disruptions.

• Operating cash flow improved significantly to INR 170 crore, supporting internal growth funding.

• Audited financials approved with a recommended dividend of Rs. 3.50 per share for FY 2025-26, subject to AGM approval.

Financial highlights

• Q4 FY26 consolidated revenue: INR 423.94 crore (up from INR 357.2 crore QoQ), EBITDA: INR 52.35 crore, EBITDA margin 12.35% (vs 8.6% QoQ), and PAT: INR 23.21 crore.

• FY26 consolidated revenue: INR 1,481.7 crore; EBITDA: INR 141.7 crore (margin 9.6%); PAT: INR 103.1 crore.

• Standalone revenue for FY26: INR 1,014.1 crore; PAT: INR 47.8 crore.

• Net debt stood at INR 375 crore, considered comfortable.

• Standalone and consolidated EPS for FY26 were Rs. 18.12 and Rs. 14.50, respectively.

Outlook and guidance

• FY27 started amid global volatility, with supply chain disruptions and high feedstock prices impacting demand.

• Regulatory clarity from MoEF on rPET usage has boosted industry confidence and demand visibility.

• EBITDA guidance for FY27 is INR 225-250 crore.

• Long-term top-line growth expected at 20%+ CAGR.

• Dividend of Rs. 3.50 per share recommended for FY 2025-26, subject to shareholder approval.