Ganesha Ecosphere Q4 Results: Full-Year Consolidated Net Profit at ₹3,821.35 lakh, Trade Payable Correction Filed
Ganesha Ecosphere Limited issued a corrigendum to its audited consolidated financial results for the quarter and year ended March 31, 2026, correcting a clerical error in the bifurcation of trade payables—adjusting MSME dues from Rs. 73.51 lakh to Rs. 130.04 lakh and other creditor dues from Rs. 8,657.98 lakh to Rs. 8,601.45 lakh, with the total remaining unchanged at Rs. 8,731.49 lakh. Consolidated revenue from operations for the full year stood at ₹1,48,166.29 lakh, while consolidated net profit was ₹3,821.35 lakh compared to ₹10,311.97 lakh in the previous year. On a standalone basis, full-year net profit was ₹4,783.24 lakh against ₹7,548.07 lakh previously, with revenue from operations at ₹1,01,410.25 lakh. The Board has recommended a dividend of Rs. 3.50 per share for FY2025-26, subject to shareholder approval.

*this image is generated using AI for illustrative purposes only.
Ganesha Ecosphere Limited has filed a corrigendum to its audited consolidated financial results for the quarter and year ended March 31, 2026, correcting a clerical error in the Trade Payables disclosure under Current Liabilities in the Statement of Assets and Liabilities. The company clarified that the correction does not impact the audited figures or any other disclosures made in the financial results, and that the total trade payables figure remains unchanged.
Trade Payable Correction Details
The inadvertent error pertained solely to the bifurcation of trade payables between micro and small enterprises and other creditors. The corrected figures are presented below:
| Particulars: | Wrong Figures (Rs. in Lakh) | Correct Figures (Rs. in Lakh) |
|---|---|---|
| Total outstanding dues of micro enterprises and small enterprises: | 73.51 | 130.04 |
| Total outstanding dues of creditors other than micro enterprises and small enterprises: | 8,657.98 | 8,601.45 |
| Total Trade Payables: | 8,731.49 | 8,731.49 |
The company confirmed that except for the error cited above, there is no change in any other figure. The revised financial results incorporating the above changes have been hosted on the company's website.
Consolidated Financial Performance — Quarter and Full Year
For the quarter ended March 31, 2026, consolidated revenue from operations stood at ₹42,394.13 lakh, compared to ₹34,437.99 lakh in the corresponding quarter of the previous year. Full-year consolidated revenue from operations was ₹1,48,166.29 lakh against ₹1,46,570.55 lakh in the previous year. The following table summarises the key consolidated financial metrics:
| Metric: | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|---|
| Revenue from Operations (₹ in Lakh): | 42,394.13 | 35,721.58 | 34,437.99 | 1,48,166.29 | 1,46,570.55 |
| Other Income (₹ in Lakh): | 453.85 | 422.01 | 472.78 | 1,742.12 | 1,793.87 |
| Total Income (₹ in Lakh): | 42,847.98 | 36,143.59 | 34,910.77 | 1,49,908.41 | 1,48,364.42 |
| Total Expenses (₹ in Lakh): | 39,754.37 | 35,329.43 | 31,665.30 | 1,44,508.94 | 1,34,818.42 |
| Profit Before Tax (₹ in Lakh): | 3,088.13 | 815.59 | 3,240.97 | 5,394.98 | 13,541.50 |
| Net Profit (₹ in Lakh): | 2,321.14 | 474.84 | 2,375.53 | 3,821.35 | 10,311.97 |
| Total Comprehensive Income (₹ in Lakh): | 2,132.15 | 152.61 | 1,978.42 | 3,198.37 | 9,927.25 |
| Basic EPS (Rs.): | 8.68* | 1.77* | 9.38* | 14.50 | 40.74 |
| Diluted EPS (Rs.): | 8.68* | 1.77* | 8.53* | 14.48 | 39.89 |
*Not annualised
Standalone Financial Performance
On a standalone basis, revenue from operations for the full year ended March 31, 2026 was ₹1,01,410.25 lakh compared to ₹98,387.91 lakh in the previous year. Standalone net profit for the year stood at ₹4,783.24 lakh against ₹7,548.07 lakh in the previous year.
| Metric: | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|---|
| Revenue from Operations (₹ in Lakh): | 26,033.36 | 27,294.53 | 21,644.56 | 1,01,410.25 | 98,387.91 |
| Total Income (₹ in Lakh): | 27,019.10 | 28,405.70 | 22,361.12 | 1,05,390.27 | 1,01,702.04 |
| Profit Before Tax (₹ in Lakh): | 2,218.84 | 2,156.57 | 2,004.27 | 6,446.67 | 10,009.53 |
| Net Profit (₹ in Lakh): | 1,640.83 | 1,594.29 | 1,466.28 | 4,783.24 | 7,548.07 |
| Basic EPS (Rs.): | 6.12* | 5.95* | 5.79* | 18.12 | 29.78 |
| Diluted EPS (Rs.): | 6.12* | 5.95* | 5.16* | 18.08 | 29.15 |
*Not annualised
Balance Sheet and Key Investments
As at March 31, 2026, consolidated total assets stood at ₹2,00,337.97 lakh, up from ₹1,93,420.11 lakh as at March 31, 2025. Total consolidated equity increased to ₹1,27,567.10 lakh from ₹1,15,067.47 lakh. On a standalone basis, total assets were ₹1,54,915.29 lakh as at March 31, 2026 against ₹1,38,892.61 lakh in the previous year.
During the quarter, the company made the following investments in its subsidiaries and associate:
- Rs. 320.00 crore towards subscription of Compulsorily Convertible Cumulative Preference Shares of Ganesha Ecopet Private Limited, a wholly owned subsidiary
- Rs. 90.00 crore towards subscription of Compulsorily Convertible Cumulative Preference Shares of Ganesha Ecotech Private Limited, a wholly owned subsidiary
- Rs. 49.00 lakh towards subscription of Equity Shares of Ganesha Recycling Chain Private Limited, an Associate Company
Labour Codes Impact and Dividend
The Government of India, vide Notification dated November 21, 2025, notified the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020. In accordance with Ind AS 19, the consolidated group recognised past service costs of Rs. 110.92 lakhs in the previous quarter ended December 31, 2025, and an additional Rs. 96.07 lakhs in the current quarter, both included under employee benefit expenses. On a standalone basis, past service costs of Rs. 103.09 lakhs were recognised in the quarter ended December 31, 2025, with a further Rs. 96.81 lakhs recognised in the current quarter. The Board has recommended a dividend of Rs. 3.50 per share on equity shares of Rs. 10/- each for the financial year 2025-26, subject to approval of members at the forthcoming Annual General Meeting. The statutory auditors have issued an unmodified opinion on both the consolidated and standalone financial results for the year ended March 31, 2026.
Historical Stock Returns for Ganesha Ecosphere
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.17% | +0.47% | +33.49% | +79.88% | -18.87% | +133.61% |
How might the significant year-over-year decline in consolidated net profit impact Ganesha Ecosphere's valuation multiples and investor sentiment in the upcoming trading sessions?
What are the strategic implications of the Rs. 410 crore investment in convertible preference shares for subsidiaries like Ganesha Ecopet and Ganesha Ecotech regarding future capacity expansion?
Could the implementation of the new Labour Codes and the associated past service costs signal a trend of increasing operational expenses for the chemical industry in FY27?


































