Ganesh Benzoplast Limited reported a 92.5% year-on-year increase in profit after tax (PAT) to ₹733 Mn for the financial year ended March 31, 2026. The company recorded revenue from operations of ₹4,114 Mn, a 9.9% increase compared to the previous year, while operating cash flow improved 33% to ₹793 Mn. Despite the reported PAT surge, underlying profitability before exceptional items declined approximately 22% due to a significant increase in lease rental costs at its JNPT terminal.

The company’s audited consolidated results for FY26 show that while reported metrics reached five-year highs, the financial performance was impacted by a structural cost reset. JNPT Plot 7 & 13 rental costs rose from ₹20.0 Mn in FY25 to ₹242.5 Mn in FY26 following a 25-year lease renewal. This increase of ₹222.5 Mn on a pre-tax basis created a higher fixed cost base, reducing PAT before exceptional items to ₹645 Mn from ₹828 Mn in the prior year.

Segment Performance

Ganesh Benzoplast operates through two primary divisions: Liquid Storage Terminals (LST) and Chemicals. The LST division, which includes EPC services, wharfage, and rail logistics, reported revenue of ₹2,259 Mn, up 12.7% year-on-year. The segment result stood at ₹732 Mn. The Chemicals division contributed revenue of ₹1,855 Mn, a 6.8% increase, with a segment result of ₹213 Mn.

Balance Sheet and Outlook

The company maintained a strong balance sheet with total assets growing 17.4% to ₹8,495 Mn. Total equity increased 13.5% to ₹6,177 Mn, resulting in a debt-to-equity ratio of 0.04x. Cash and bank balances of ₹795 Mn exceeded gross borrowings of ₹235 Mn, indicating a net cash position.

Management highlighted that the JNPT lease rental reset represents a key risk for the next 25 years, necessitating a focus on product mix improvement and yield management. For FY27, the company aims to deliver Cochin throughput recovery, revive operations at the Goa terminal, and drive accretive growth from its rail logistics platform, Infrastructure Logistic Systems Limited.

Ganesh Benzoplast Limited has confirmed that its promoter group holds 2,80,86,979 shares as of March 31, 2026, with nil shares encumbered or pledged during the financial year. The disclosure, submitted to BSE Limited and National Stock Exchange of India Limited, ensures compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Rishi Pilani, on behalf of the promoter and promoter group, declared that no shares were pledged directly or indirectly in FY26. The confirmation was filed by Ekta Dhanda, Company Secretary and Compliance Officer, on April 07, 2026.

The disclosure provides transparency regarding the shareholding structure of ganesh benzoplast . The absence of encumbrance indicates that the promoter group's holdings remain unencumbered, which is a key metric for investors assessing corporate governance and financial stability.

The following table summarizes the shareholding details disclosed:

The filing was addressed to the General Manager of BSE Limited and the Manager of the Listing Department at NSE India. The company’s registered office is located at Dina Building, Marine Lines, Mumbai.