Ellenbarrie Industrial Gases Ltd — earnings calls

Ellenbarrie reported Q4 core gases segment revenue growth of 9% sequentially, with reported EBITDA margin of about 30%, impacted by three one-off items totalling around Rs 46 million. Management said the Ulluberia 2 merchant plant of 220 tons per day was commissioned during the quarter and is ramping up, while an East India on-site plant is expected to be commissioned the following month. For FY26, the core gases business grew 14.2% over FY25, with segment EBITDA margin at 38.4% for the year, up 500 basis points from FY25.