Gujarat Ambuja Exports (GAEL) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 earnings rose sharply despite lower YoY revenue, driven by improved Maize Processing results and a richer value-added product mix.

• H1 consolidated net profit reached ₹308.56 crore; expansion of wet-milling, fermentation and specialty derivatives capacity is planned, funded through internal accruals.

Financial highlights

• Standalone Q2 revenue was ₹1,451.33 crore vs ₹1,486.69 crore YoY; PBT was ₹177.39 crore vs ₹50.85 crore and PAT ₹131.99 crore vs ₹38.08 crore.

• Consolidated Q2 revenue was ₹1,450.73 crore vs ₹1,486.69 crore; PBT was ₹177.19 crore vs ₹50.79 crore and net profit ₹131.79 crore vs ₹38.02 crore.

• H1 consolidated revenue was ₹3,044.95 crore vs ₹2,777.92 crore; PBT was ₹412.47 crore vs ₹136.46 crore and net profit ₹308.56 crore vs ₹103.04 crore.

• Standalone H1 PAT was ₹308.92 crore vs ₹103.48 crore; Q2 basic EPS was ₹2.88 vs ₹0.83 YoY.

Outlook and guidance

• Targeting aggregate fermentation-based product capacity of 1,20,000 TPA by CY 2028 and maize processing capacity of 9,000 TPD by 2030.

• A 900 TPD Himmatnagar greenfield plant is planned for 2027; the proposed 850 TPD Hubli plant is subject to regulatory approvals and clearances.

• Priorities include ramping new facilities, expanding value-added bio-based products, improving utilization and efficiency, and widening domestic and export markets.