Ganesha Ecosphere Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Ganesha Ecosphere Ltd filed with BSE on 11 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
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.
Numbers mentioned
Consolidated production: 42,826 tons (Q1 FY27)
p. 3
“the production reached 42,826 tons, up 3.8% quarter-on-quarter, driven by a strong performance from Warangal subsidiaries”
Yash Sharma, page 3 of the filed PDF · View the filing
Consolidated EBITDA: INR59.8 crores (Q1 FY27)
p. 3
“the EBITDA we have achieved is INR59.8 crores and the bottom line of INR29.03 crores and have registered a sequential growth of 14.2% and 25.1%”
Yash Sharma, page 3 of the filed PDF · View the filing
EBITDA margin: 14.1% (Q1 FY27)
p. 3
“EBITDA margins have improved consequentially to 14.1% from 12.4%”
Yash Sharma, page 3 of the filed PDF · View the filing
Standalone EBITDA: INR23.8 crores (Q1 FY27)
p. 4
“EBITDA has increased by 13.7% sequentially to INR23.8 crores”
Yash Sharma, page 4 of the filed PDF · View the filing
Other income: INR3.52 crores (Q1 FY27)
p. 4
“Other income has declined to INR3.52 crores from INR9.86 crores due to the discontinuation of the interest income followed by the conversion of subsidiary loans into equity at the end of the last quarter”
Yash Sharma, page 4 of the filed PDF · View the filing
Revenue growth Y-o-Y (standalone): 18.4% (Y-o-Y)
p. 4
“On Y-o-Y basis, revenue has increased by 18.4% and EBITDA has increased by 155.9%. Net profits are up by 79.4%.”
Yash Sharma, page 4 of the filed PDF · View the filing
Current scrap price: INR48 to INR50 (Q1 FY27)
p. 7
“The current scrap price in the range of INR48 to INR50.”
Gopal Agarwal, page 7 of the filed PDF · View the filing
Warangal capacity utilization: 72% (Q1 FY27)
p. 21
“Overall, we are at about 72% utilization levels in the subsidiary, which we are looking to take it to around 85% levels in the coming months.”
Yash Sharma, page 21 of the filed PDF · View the filing
Industry nameplate rPET capacity: 4.2 lakh tons (current)
p. 9
“the capacity is at about 4.2 lakh tons”
Yash Sharma, page 9 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Consolidated EBITDA — INR225 crores to INR250 crores · FY27
stated firmly by Gopal Agarwal
p. 8
“So our guidance is intact. We have guided for the INR225 crores to INR250 crores EBITDA for FY27 that is intact.”
Gopal Agarwal, page 8 of the filed PDF · View the filing
Legacy business EBITDA — INR70 crores to INR80 crores · FY27
stated firmly by Gopal Agarwal
p. 5
“So basically, Dheeraj, we have given the guidance of about INR70 crores to INR80 crores EBITDA for the full year.”
Gopal Agarwal, page 5 of the filed PDF · View the filing
Overall capacity utilization — about 85% · by end of this year
stated as an aspiration by Gopal Agarwal
p. 11
“See, on overall basis, we are looking at about 85% capacity utilization by the end of this year.”
Gopal Agarwal, page 11 of the filed PDF · View the filing
rPET nameplate capacity — 250,000 ton · by end of this year
stated firmly by Gopal Agarwal
p. 11
“By end of this year, it would ramp up to 250,000 ton.”
Gopal Agarwal, page 11 of the filed PDF · View the filing
Total rPET nameplate capacity — 5.2 lakh tons to 5.5 lakh tons
stated as an aspiration by Yash Sharma
p. 11
“So total nameplate capacity, Avnees, of rPET between around 5.2 lakh tons to 5.5 lakh tons.”
Yash Sharma, page 11 of the filed PDF · View the filing
Volume growth — 20% · FY27
stated firmly by Gopal Agarwal
p. 6
“So we are expecting it in volume terms.”
Gopal Agarwal, page 6 of the filed PDF · View the filing
Warangal capex — INR150 crores
stated firmly by Gopal Agarwal
p. 7
“So this year, we are going to install another line of 22,500, so there is around INR150 crores capex outlay is there planned for that, out of which most of the capex has been done.”
Gopal Agarwal, page 7 of the filed PDF · View the filing
Subsidiary combined EBITDA per kg — 16 to 20 · long term
stated as an aspiration by Yash Sharma
p. 11
“We have guided that at combined EBITDA level, we are aiming for EBITDA between 16 to 20 at a combined level in the subsidiary business.”
Yash Sharma, page 11 of the filed PDF · View the filing
FY28 consolidated revenue — INR2,300 crores to INR2,500 crores · FY28
stated firmly by Gopal Agarwal
p. 14
“So basically, we -- for this year, this guidance was for the next FY28 for the consolidated numbers INR2,300 crores to INR2,500 crores.”
Gopal Agarwal, page 14 of the filed PDF · View the filing
FY27 consolidated turnover — INR1,700 crores, INR1,800 crores · FY27
stated firmly by Gopal Agarwal
p. 14
“So for this current financial year, we have given the guidance of about INR1,700, crores, INR1,800 crores consolidated turnover.”
Gopal Agarwal, page 14 of the filed PDF · View the filing
rPET capacity expansion — 100,000 tons · next year
stated firmly by Yash Sharma
p. 19
“we are going to increase our rPET capacity from current 65,000 tons to about 100,000 tons by next year.”
Yash Sharma, page 19 of the filed PDF · View the filing
rPET market share — 25% market share · by 2030
stated as an aspiration by Yash Sharma
p. 13
“the industry of rPET, is going to grow to about 10 lakh tons by 2030 and we are targeting to capture around 25% market share of the market.”
Yash Sharma, page 13 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said it is hopeful of maintaining margins given operating leverage from brownfield expansion.
Answered by Gopal Agarwal
Asked by Dheeraj Ram: Will EBITDA per kg improvement sustain for FY27, around 22 plus?
p. 5
“we are quite hopeful to maintain the EBITDA margins which we have achieved going forward also.”
Gopal Agarwal, page 5 of the filed PDF · View the filing
Management said demand for rPET remains higher than supply and it does not foresee demand issues.
Answered by Yash Sharma
Asked by Dheeraj Ram: Do you see demand softening after the new capacity comes online?
p. 5
“even today, the demand of rPET is much higher than the supply.”
Yash Sharma, page 5 of the filed PDF · View the filing
Management said only the physical audit is pending and approval is expected by month end.
Answered by Prashant Khandelwal
Asked by Dheeraj Ram: Is FSSAI approval done for the additional 22,500 ton line?
p. 6
“So by the end of the month, we will certainly get the approval of FSSAI.”
Prashant Khandelwal, page 6 of the filed PDF · View the filing
Management confirmed the 20% growth guidance is measured in volume terms due to price volatility.
Answered by Gopal Agarwal
Asked by Disha: Is the 20% growth guidance entirely volume-driven?
p. 6
“Yes, yes. Because the sales prices are actually quite volatile. So we measure, we gauge the growth in terms of the volumes.”
Gopal Agarwal, page 6 of the filed PDF · View the filing
Management confirmed the guidance is intact with a split between legacy and subsidiary businesses.
Answered by Gopal Agarwal
Asked by Navneet Saluja D'Souza: Is the FY27 EBITDA guidance of INR225-250 crore being revisited?
p. 8
“So our guidance is intact. We have guided for the INR225 crores to INR250 crores EBITDA for FY27 that is intact.”
Gopal Agarwal, page 8 of the filed PDF · View the filing
Management attributed it to deferred purchases by downstream buyers due to a sharp rise in fiber prices, calling it a one-off.
Answered by Gopal Agarwal
Asked by Bharat Gulati: What caused the sequential decline in subsidiary and standalone volumes?
p. 10
“That is because of our fiber business, where the prices has gone up really very, very high. So the downstream buyers choose to defer the purchases. And so that is the one-off.”
Gopal Agarwal, page 10 of the filed PDF · View the filing
Management said inventory gains/losses only occur with sharp price swings, not gradual changes.
Answered by Gopal Agarwal
Asked by Dhirendra Kumar Patro: Will crude cooling down lead to inventory losses hitting margins in coming quarters?
p. 15
“when there is any sharp -- very sharp fall or the uptick in the prices, only then we have some inventory gain or inventory losses.”
Gopal Agarwal, page 15 of the filed PDF · View the filing
Management clarified the 10 lakh ton demand figure by 2030 assumes a 50% mandate.
Answered by Yash Sharma
Asked by Pritesh Chheda: At what mandate level is the 10 lakh ton 2030 demand estimate based?
p. 16
“50% mandate, that's at a 50% mandate.”
Yash Sharma, page 16 of the filed PDF · View the filing
Management said usage varies by product, ranging up to 50-55% on average.
Answered by Prashant Khandelwal
Asked by Naeem Patel: What percentage of textile waste can currently be used as feedstock?
p. 18
“we are consuming up to 50%, 55% average must be okay.”
Prashant Khandelwal, page 18 of the filed PDF · View the filing
Management said competitive intensity peaked last year and demand is now increasing due to supply security advantages.
Answered by Yash Sharma
Asked by Bharat Gulati: Are competitive pressures or market share threats being seen in the rPET business?
p. 22
“we are, in fact, facing more and more increasing demand obviously, because the level of capability, the consistency, the supply security that we are able to provide, it's difficult for a small recycler to provide that to the global brand owners.”
Yash Sharma, page 22 of the filed PDF · View the filing
Risks flagged
Geopolitical tensions in the Middle East causing volatility in crude and polymer prices affecting demand and pricing
p. 3
“The global geopolitical developments, particularly the tensions in the Middle East resulted in a heightened volatility in the crude oil prices as well as the downstream polymer markets.”
Yash Sharma, page 3 of the filed PDF · View the filing
Softer textile demand and deferred purchases due to higher fiber prices
p. 4
“Higher fiber prices prompted downstream customers to defer purchases, which adversely impacted the volumes.”
Yash Sharma, page 4 of the filed PDF · View the filing
High volatility in raw material and finished goods prices making short-term guidance impractical
p. 5
“the price volatility are much in case of the raw materials as well as the finished good prices in our industry. So giving any short-term guidance is actually not feasible or practical.”
Gopal Agarwal, page 5 of the filed PDF · View the filing
Delay in FSSAI approval process due to change in FSSAI officials including CEO
p. 6
“during last month, there was a substantial change in FSSAI official, including CEO. So that has delayed a little bit of the files moving.”
Prashant Khandelwal, page 6 of the filed PDF · View the filing
Volatility in export contribution due to geopolitical uncertainty and ocean freight instability
p. 20
“it keeps on changing basically because of the geopolitical uncertainty, the ocean freight being so volatile.”
Yash Sharma, page 20 of the filed PDF · View the filing
Competitive pressure from new plants coming online alongside weak demand last year
p. 21
“there was competitive pressure intensity as a lot of new plants came on line as well as the demand went really very low as there was a lot of confusion regarding the industry, the mandate and everything.”
Yash Sharma, page 21 of the filed PDF · View the filing
Textile waste cannot be used beyond a certain percentage in current technology
p. 17
“in the present technology, textile waste cannot be used beyond a certain percentage.”
Gopal Agarwal, page 17 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.