Ganesha Ecosphere has fixed Thursday, September 10, 2026, as the record date for determining eligibility for its recommended final dividend of ₹3.50 per equity share for FY26. The payout, subject to approval at the upcoming annual general meeting, will be paid on and after September 22, 2026.

The company filed its Annual Report for FY 2025-26 along with the notice of its 37th Annual General Meeting scheduled for September 17, 2026 at 12:15 pm via video conferencing. The filing was made to BSE Limited and National Stock Exchange of India Limited on August 26, 2026, pursuant to Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company's standalone financials for FY 2025-26 reflect pressure on margins despite a modest revenue uptick. The following table summarises key standalone metrics:

On a consolidated basis, total income rose to ₹1,499.08 crore from ₹1,483.64 crore, while consolidated net profit fell to ₹38.21 crore from ₹103.12 crore. Consolidated EBITDA stood at ₹141.71 crore against ₹210.58 crore in the previous year.

Five-Year Financial Trend

The table below captures key standalone metrics over the last five fiscal years:

Operational Highlights

Capacity utilisation reached 101% for FY26, indicating strong demand despite cost volatility. Operating cash flow more than doubled to ₹62.80 crore from ₹29.50 crore in FY25. The company operates six manufacturing facilities across Uttar Pradesh, Uttarakhand, Telangana, and Nepal, with a total recycling capacity of 206,940 MTPA. Key operational metrics include:

• 8.5+ billion PET bottles recycled annually
• 150,000+ MTPA of PET waste converted
• ~450 tonnes of daily PET bottle waste collection
• 400+ customers across 16+ countries
• 2,600+ total employees (Group)

Capacity Expansion

A 22,500-tonne brownfield expansion of rPET granules at Warangal was commissioned, with another 22,500-tonne expansion and debottlenecking underway. The Group targets installed capacity of approximately one lakh tonnes per annum by end of FY27. Food-grade rPET platform capacity following FY26 expansion stands at 64,500 MT.

Dividend and Share Capital

The Board recommended a final dividend of ₹3.50 per equity share (35% on face value of ₹10 each) for FY26, involving a cash outflow of ₹9.38 crore, subject to member approval at the AGM. During the year, the company allotted 13,39,000 fully paid-up equity shares at ₹1,035 per share to a promoter group entity upon conversion of warrants, raising ₹103.93 crore. Paid-up equity share capital stands at ₹26.80 crore comprising 2,67,95,984 equity shares.

Credit Rating and Governance

CARE Ratings reaffirmed the company's credit ratings as on March 31, 2026: A+; Stable for long-term bank facilities and A1+ for short-term bank facilities. The Board held five meetings during FY26. Shri Rajiv Kumar Saxena was appointed as an Additional Non-Executive Independent Director with effect from August 3, 2026, filling the vacancy created by the resignation of Shri Narayanan Subramaniam.

AGM Details

The 37th AGM will be held on September 17, 2026 at 12:15 pm via video conferencing. The book closure period runs from September 11, 2026 to September 17, 2026 (both days inclusive). The dividend payment date is on and after September 22, 2026. Remote e-voting will be open from September 14, 2026 (10:00 am) to September 16, 2026 (5:00 pm), with the cut-off date for e-voting being September 10, 2026.

Mr. S. K. Gupta, Practicing Company Secretary, has been appointed as the Scrutinizer, with Ms. Divya Saxena, Practicing Company Secretary, as the Alternate Scrutinizer, to oversee the e-voting process in accordance with Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Special Window for Physical Share Transfers

In compliance with SEBI Circular dated January 30, 2026, the company has opened a special window from February 5, 2026, till February 4, 2027. This allows shareholders to lodge or re-lodge transfer deeds of physical securities sold or purchased prior to April 1, 2019, which were not previously lodged or were rejected due to deficiencies. Investors are encouraged to submit original share certificates along with transfer deeds to the RTA, Skyline Financial Services Private Limited.

Ganesha Ecosphere Limited reported a significant acceleration in profitability for the first quarter of FY27, with standalone net profit rising 79% year-on-year to ₹13.75 crore. The growth was underpinned by an 18.4% surge in revenue from operations to ₹262.30 crore, reflecting strong demand in its core manufacturing segments. Consolidated net profit more than doubled, jumping 170% to ₹29.03 crore as group revenue expanded 25.7% to ₹423.67 crore. This performance highlights the company’s ability to leverage volume growth into margin expansion, a critical driver for investors tracking its operational efficiency.

The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, at a meeting held on August 3, 2026. The approval followed a review by the Audit Committee and compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory Auditors Narendra Singhania & Co. conducted a limited review of the financial statements in accordance with Standard on Review Engagement (SRE) 2410. Pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015, the company published extract of the unaudited financial results in Business Standard (English and Hindi editions) dated August 5, 2026.

Financial Performance Highlights

Standalone revenue from operations increased from ₹221.47 crore in Q1FY26 to ₹262.30 crore in Q1FY27. Total income stood at ₹265.82 crore, while total expenses rose to ₹247.36 crore, primarily due to higher costs of materials consumed at ₹195.11 crore compared to ₹160.09 crore in the prior year period. Despite the expense increase, profit before tax grew 79.8% to ₹18.46 crore. After accounting for tax expenses, including a deferred tax credit of ₹0.37 crore, the bottom line expanded significantly.

On a consolidated basis, revenue from operations reached ₹423.67 crore, up from ₹337.12 crore in the corresponding quarter last year. Consolidated EBITDA stood at ₹598 million against ₹363 million in Q1FY26, reflecting a meaningful improvement in operating efficiency. The EBITDA margin expanded by 334 basis points to 14.11% from 10.77%. Consolidated profit before tax rose sharply to ₹37.09 crore from ₹14.32 crore. Consolidated net profit for the period was ₹29.03 crore, a substantial improvement over the ₹10.75 crore recorded in Q1FY26. Basic earnings per share for the consolidated entity stood at ₹10.86, compared to ₹4.23 in the previous year.

Consolidated Performance Summary

Operational Volume and Trends

The investor presentation revealed that consolidated production volume for Q1FY27 reached 42,826 MT, while sales volume hit 45,162 MT. Standalone production stood at 28,209 MT with sales at 29,234 MT. These figures indicate robust throughput across its six manufacturing facilities. The company mobilizes approximately 450 tons of PET bottle waste daily through its network of 300+ suppliers, supporting its installed recycling capacity of 218,940 MTPA.

Quarterly trends show consistent momentum. Consolidated total income remained stable at ₹427.3 crore in Q1FY27 compared to ₹428.5 crore in Q4FY26, while EBITDA improved to ₹59.8 crore from ₹59.8 crore in the preceding quarter. Standalone revenue grew sequentially from ₹260.3 crore in Q4FY26 to ₹262.3 crore in Q1FY27.

What the Numbers Show

The divergence between revenue growth and profit expansion highlights improved operational leverage. While standalone revenue grew by 18.4%, profit before tax surged nearly 80%, indicating that cost structures did not scale linearly with top-line growth or that higher-margin products contributed disproportionately to sales. The improvement in consolidated EBITDA margin to 14.11% from 10.77% further underscores the group's enhanced operating efficiency during the quarter. The increase in material costs was partially offset by favorable inventory changes, which reduced standalone expenses by ₹25.79 crore, suggesting efficient working capital management.

Strategic Investments and Compliance

During the quarter, Ganesha Ecosphere invested ₹98.00 lakh towards the subscription of equity shares in Ganesha Recycling Chain Private Limited, an associate company. This move aligns with the group's broader strategy to strengthen its recycling ecosystem. The Group operates without reportable segments as it manufactures products of the same type or class, per Ind-AS 108. Previous periods' figures have been regrouped where necessary to conform to current classifications.