Ganesha Ecosphere Ltd — earnings calls

Ganesha Ecosphere reported consolidated production of 42,826 tons, up 3.8% quarter-on-quarter, while a 11.2% drop in sales volume kept the top line flat, with EBITDA at Rs 59.8 crore and PAT at Rs 29.03 crore, up 14.2% and 25.1% sequentially. Standalone sales volume fell 13.4% quarter-on-quarter due to softer textile demand and deferred purchases from higher fiber prices, though standalone EBITDA rose 13.7% sequentially to Rs 23.8 crore on improved realizations. Management reiterated its FY27 consolidated EBITDA guidance of Rs 225-250 crore and discussed the 22,500 TPA rPET line at Warangal that has started production for export markets pending FSSAI approval for food-grade domestic use.

Ganesha Ecosphere reported consolidated Q4 FY26 revenue of Rs 423.94 crore, EBITDA of Rs 52.35 crore and net profit of Rs 23.21 crore, up sequentially over Q3 FY26. Management said the MoEF notification issued on March 31, 2026 clarified mandatory recycled plastic usage targets and improved demand visibility for rPET, while the standalone business faced margin pressure from rising PET scrap prices linked to the Middle East conflict. The company said it commissioned a 22,500 ton Brownfield rPET expansion at Warangal, is pursuing another 22,500 ton line, and has dropped the Odisha Greenfield project for now in favour of expanding Warangal toward nearly 100,000 tonnes by FY27.