Ellenbarrie FY26 Net Profit Rises 25% to ₹1,044 Million
Ellenbarrie Industrial Gases Limited reported a 25.4% YoY rise in FY26 net profit to ₹1,044.00 million, with revenue growing 9.3% to ₹3,415.82 million. For Q4 FY26, net profit rose to ₹228.84 million and EBITDA margin expanded to 30.95%. The company also completed its IPO in July 2025, raising ₹8,525.25 million.

*this image is generated using AI for illustrative purposes only.
Ellenbarrie Industrial Gases Limited has reported its audited financial results for the quarter and fiscal year ended March 31, 2026. The company's board approved the results during a meeting held on Friday, May 22, 2026. Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the audited financial results in the Financial Express and Arthik Lipi on May 24, 2026.
Financial Performance for FY26
For the full fiscal year, the company recorded a 25.4% year-on-year increase in net profit, reaching ₹1,044.00 million, compared to ₹832.89 million in the previous year. Revenue from operations for the year stood at ₹3,415.82 million, a 9.3% increase from ₹3,124.83 million in FY25. Total income for the year rose to ₹3,916.31 million. The company's earnings per share (EPS) for the year improved to ₹7.54 from ₹6.36 in the corresponding period last year. The following table summarises the key annual financial metrics:
| Metric: | FY26 (₹ in million) | FY25 (₹ in million) | Change |
|---|---|---|---|
| Revenue from Operations | 3,415.82 | 3,124.83 | +9.3% |
| Total Income | 3,916.31 | 3,484.32 | +12.4% |
| Net Profit | 1,044.00 | 832.89 | +25.4% |
| EPS (Basic) | ₹7.54 | ₹6.36 | +18.6% |
Quarterly Results
For the fourth quarter ended March 31, 2026, the company reported a net profit of ₹228.84 million, a significant increase from ₹182.47 million in the same quarter of the previous year. Revenue from operations for Q4 stood at ₹874.33 million, up from ₹824.69 million in Q4 of the previous year. Profit before tax for the quarter stood at ₹332.85 million. On the profitability front, Q4 EBITDA improved to ₹271 million from ₹246 million year-on-year, with the EBITDA margin expanding to 30.95% from 29.85% over the same period. The table below presents the key quarterly performance indicators:
| Metric: | Q4 FY26 | Q4 FY25 | Change (YoY) |
|---|---|---|---|
| Revenue from Operations | ₹874.33 million | ₹824.69 million | Increase |
| Net Profit | ₹228.84 million | ₹182.47 million | Increase |
| EBITDA | ₹271 million | ₹246 million | Increase |
| EBITDA Margin | 30.95% | 29.85% | +110 bps |
Corporate Developments
During the fiscal year, the company successfully concluded its Initial Public Offer (IPO), issuing 21,313,130 equity shares with a face value of ₹2 each at an issue price of ₹400 per share, aggregating to ₹8,525.25 million. The equity shares were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited on July 1, 2025. Additionally, the board identified four new entities—Indicon Projects Private Limited, Urvi Multicon Private Limited, Xenon Family Trust, and Krypton Family Trust—as part of the Promoter Group.
Historical Stock Returns for Ellenbarrie Industrial Gases
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +10.00% | +6.20% | +3.15% | -25.47% | -48.24% | -48.24% |
How does Ellenbarrie Industrial Gases plan to deploy the ₹8,525 million raised through its IPO to sustain the current growth trajectory beyond FY26?
Given the industrial gases sector's dependence on manufacturing and healthcare demand, how might India's evolving industrial capex cycle impact Ellenbarrie's revenue growth in FY27?
With EBITDA margins already at ~31%, what operational levers or capacity expansion plans could the company pursue to further improve profitability without margin compression?


































