Ellenbarrie Industrial Gases Limited has delivered strong financial performance in Q3FY26, demonstrating robust growth across key operational metrics while simultaneously expanding its manufacturing capacity through the commissioning of a new production facility.

Financial Performance Highlights

The company's quarterly results for the period ended December 31, 2025, showcase impressive growth momentum. Revenue from operations increased substantially, while profitability metrics improved across both quarterly and nine-month periods.

For the nine-month period ended December 31, 2025, the company maintained its growth trajectory with revenue from operations reaching ₹2,541.49 million compared to ₹2,300.14 million in the corresponding period of the previous year, representing a 10.5% increase. Net profit after tax for the nine-month period stood at ₹815.16 million, up 25.3% from ₹650.42 million in the previous year.

Segment-wise Performance Analysis

The company operates through two primary business segments, with the gases segment continuing to be the dominant revenue contributor.

The gases segment generated ₹791.81 million in Q3FY26, representing 97.3% of total revenue, while the project engineering segment contributed ₹21.65 million. The project engineering segment showed remarkable growth of 278.7% compared to the same quarter in the previous year.

Operational Expansion and Capital Deployment

A significant development during the quarter was the commissioning of the company's new Uluberia-II plant at Uluberia, West Bengal. This facility has a production capacity of 220 TPD and commenced operations during the reporting period, representing a strategic expansion of the company's manufacturing capabilities.

The company has utilized ₹2,790.04 million of its IPO proceeds, with ₹914.47 million remaining unutilized as of December 31, 2025. The unutilized portion has been temporarily invested in fixed deposits worth ₹900.00 million, with the remaining ₹14.47 million maintained in current accounts.

Strategic Investments and Future Growth

Ellenbarrie Industrial Gases has made strategic investments to enhance its operational capabilities. The company acquired manufacturing facilities of Truair Industrial Gases in Bengaluru for ₹54.00 million, with the business acquisition effective from September 7, 2025. Additionally, the company entered into a Share Purchase Agreement on January 9, 2026, to acquire 26% equity in Pattikonda Renewables Private Limited for ₹70.80 million, aimed at enhancing renewable energy sources for captive power requirements in Andhra Pradesh.

Financial Position and Outlook

The company's balance sheet reflects strong fundamentals with total assets of ₹12,170.17 million as of December 31, 2025, compared to ₹7,962.39 million in the previous year. Total liabilities stood at ₹2,691.05 million, down from ₹3,183.72 million in the corresponding period last year. The paid-up equity share capital increased to ₹281.87 million from ₹261.87 million, reflecting the impact of the company's successful IPO during the previous quarter.

Ellenbarrie Industrial Gases Limited has notified stock exchanges regarding a structural change in its statutory auditor firm. The company announced that M S K A & Associates, Chartered Accountants, has converted into a Limited Liability Partnership under the provisions of the Limited Liability Partnership Act, 2008.

Auditor Firm Conversion Details

The statutory auditor firm communicated this conversion to the company through a formal letter dated January 13, 2026. Following the conversion, the firm now operates under the name M S K A & Associates LLP, Chartered Accountants.

Continuity of Audit Services

The converted firm will maintain its role as the company's statutory auditor without any disruption to services. M S K A & Associates LLP will continue to function and discharge all obligations as statutory auditors for the remaining period of their appointment tenure.

Regulatory Compliance

The company has fulfilled its disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was formally communicated to both major stock exchanges where the company's shares are listed.

The information has been disseminated on the company's official website to ensure transparency and compliance with listing regulations. Company Secretary and Compliance Officer Aditya Keshri signed the formal communication to the exchanges on January 15, 2026.