Ganesh Benzoplast Limited conducted its Q3FY26 earnings conference call on February 19, 2026, providing detailed insights into the company's financial performance and strategic initiatives. The call was led by Chairman and Managing Director Rishi Pilani and GM Finance Amar Kabra, addressing investor queries about the company's growth trajectory and future plans.

Q3FY26 Financial Performance

The company demonstrated strong operational performance during the quarter, with consolidated revenue showing significant growth across key metrics:

For the nine-month period ending Q3FY26, the consolidated results showed sustained growth momentum:

Business Segment Performance

The chemical business division showed robust performance with turnover increasing to INR 1,399 Mn compared to INR 1,254 Mn in the corresponding previous period, representing 11% year-on-year growth. Profit before tax for the chemical segment surged 36% to INR 187 Mn from INR 137 Mn.

Lease Rental Impact and Margin Analysis

Management addressed concerns about margin compression, attributing it primarily to substantial increases in lease rental provisions for the JNPT terminal. The annual lease rental provision increased from INR 2 crores to INR 24 crores, representing an additional burden of INR 22 crores for the full year. Despite this significant cost increase, the company maintained profitability levels, with management indicating that rental income adjustments are being pursued to offset the lease cost escalation.

Strategic Expansion and Capital Allocation

JNPT Terminal Expansion

Following the termination of the LPG joint venture with BW LPG and reclamation of 4.5 hectares of land at JNPT, the company has commenced construction activities for capacity expansion:

EPC Business Development

The company secured a significant order worth INR 51.33 crores from Reliance Industries for a carbon fiber project. Management emphasized their selective approach to EPC contracts, focusing on strategic customer relationships rather than market-driven expansion. EPC margins typically range between 5-10%, with projects serving to strengthen customer relationships in the liquid storage business.

Dividend Policy Announcement

In a significant development for shareholders, management announced plans to initiate dividend payments starting from FY27. The dividend policy will commence following the AGM scheduled for September 2026, with management indicating this will be a regular practice rather than a one-time distribution.

Infrastructure and Operational Capacity

Ganesh Benzoplast operates with a total installed capacity of 3,52,000 KL across strategically located terminals at JNPT (83,000 KL at over 100% occupancy), Cochin (43,000 KL at 95% occupancy), and Goa. The company is pursuing regulatory approvals for handling different petroleum products at the Goa terminal to improve utilization rates.

Future Growth Strategy

Management maintains a conservative approach to expansion, prioritizing secured long-term contracts over aggressive growth. For specialized storage projects like ammonia or cryogenic facilities, the company requires 10-15 year utilization commitments from customers. While land has been allocated for such projects at JNPT, no immediate construction plans are in place pending suitable long-term partnerships.

Ganesh Benzoplast Limited has announced that its Board of Directors will convene on February 13, 2026, to review and approve the company's quarterly financial performance. The meeting has been scheduled in accordance with regulatory requirements under SEBI's listing obligations.

Board Meeting Details

The board meeting is scheduled to address several key agenda items related to the company's financial disclosure obligations. The primary focus will be on reviewing the financial performance for the recently concluded quarter.

Trading Window Restrictions

The company has implemented trading restrictions as part of its compliance framework. These measures are designed to prevent insider trading during sensitive periods when material information is being processed.

Regulatory Compliance

The board meeting announcement fulfills the company's obligations under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered. The company has duly notified both BSE Limited and National Stock Exchange of India Limited about the scheduled meeting.

Company Information

Ganesh Benzoplast Limited operates with its registered office located at Dina Building, 1st Floor, 53, Maharshi Karve Road, Marine Lines, Mumbai. The company trades on both major Indian stock exchanges with scrip ID 500153 on BSE and GANESHBE on NSE. The announcement was signed by Ekta Dhanda, Company Secretary & Compliance Officer, on February 5, 2026.