Ellenbarrie FY26 Net Profit Rises 25% to ₹1,044 Million

2 min read     Updated on 25 May 2026, 05:14 PM
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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.

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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 Day5 Days1 Month6 Months1 Year5 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?

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Ellenbarrie corrects promoter share encumbrance disclosure for FY26

2 min read     Updated on 21 May 2026, 07:26 AM
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Ellenbarrie Industrial Gases Limited revised a typographical error in its promoter share encumbrance declaration for FY26. The company confirmed that promoters holding 10,87,31,350 equity shares made no encumbrances during the financial year ended March 31, 2026.

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Ellenbarrie Industrial Gases Limited has revised its regulatory disclosure regarding the encumbrance of shares by its promoters for the financial year ended March 31, 2026. The company submitted the corrected filing to the National Stock Exchange of India Limited and BSE Limited on April 20, 2026, to rectify an inadvertent typographical error present in the declaration made on April 07, 2026.

The error pertained to the number of shares declared by Mr. Padam Kumar Agarwala, a Promoter of the company. The revised declaration clarifies the shareholding details for the Promoters, Members of the Promoter Group, and Persons Acting in Concert (PACs).

In the corrected filing, the promoters confirmed that they hold a total of 10,87,31,350 equity shares of Ellenbarrie Industrial Gases Limited. Furthermore, the declaration explicitly states that no encumbrances of shares were made directly or indirectly by the promoters or the promoter group during the Financial Year 2025-26.

Promoter and Group Details

The disclosure provides a comprehensive list of entities and individuals falling under the promoter and promoter group categories. The structure includes key individuals and various private limited companies associated with the group.

Name of the Entity Category
Padam Kumar Agarwala Promoter
Varun Agarwal Promoter
Comfort Share Trading Private Limited Promoter Group (Entity)
Popular Vanijya Private Limited Promoter Group (Entity)
Ellenbarrie Agro Products Limited Promoter Group (Entity)
Heaven Commercial Private Limited Promoter Group (Entity)
Ellenbarrie Properties Ltd Promoter Group (Entity)
Valiant Care Limited Promoter Group (Entity)
Insta Tea Ventures LLP Promoter Group (Entity)
Karakoram Healthcare Services LLP Promoter Group (Entity)
Padam Kumar Agarwala (HUF) Promoter Group (Entity)
Varun Agarwal (HUF) Promoter Group (Entity)
Shanti Prasad Agarwala (HUF) Promoter Group (Entity)
Padam Kumar Agarwala Family Private Trust Promoter Group (Entity)
Varun Agarwal Family Private Trust Promoter Group (Entity)
VYB Active Private Limited Promoter Group (Entity)
VSS Exim Private Limited Promoter Group (Entity)
VSS Properties Private Limited Promoter Group (Entity)
Swaraj Properties Private Limited Promoter Group (Entity)
Dover Commercials Private Limited Promoter Group (Entity)
Divya Suppliers Private Limited Promoter Group (Entity)
Emerald Tieup Private Limited Promoter Group (Entity)
VSS Metals Private Limited Promoter Group (Entity)
VSS Iron And Minerals Private Limited Promoter Group (Entity)

The list also encompasses individuals within the Promoter Group (Individuals) category, such as Shanti Prasad Agarwala, Pushpa Devi Agarwala, and Aradhita Agarwal Kedia, among others. Additionally, several entities are classified as Group Companies, including Kedia Infracon Private Limited and Ellenbarrie Tea & Industries Private Limited.

The filing was signed by Aditya Keshri, Company Secretary and Compliance Officer, and Padam Kumar Agarwala, Promoter, ensuring the accuracy of the revised information submitted to the exchanges.

Historical Stock Returns for Ellenbarrie Industrial Gases

1 Day5 Days1 Month6 Months1 Year5 Years
+10.00%+6.20%+3.15%-25.47%-48.24%-48.24%

Could the typographical error in the original promoter shareholding declaration trigger heightened regulatory scrutiny from SEBI on Ellenbarrie Industrial Gases' future compliance filings?

How might the confirmed zero encumbrance of promoter shares influence institutional investor confidence and potential stake acquisition in Ellenbarrie Industrial Gases going forward?

Given the complex promoter group structure with over 20 entities, what governance reforms might Ellenbarrie Industrial Gases consider to minimize disclosure errors in future regulatory filings?

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