Ganesh Benzoplast Reports 9% Revenue Growth in Q1, Chemical Division Surges 223%
Ganesh Benzoplast Limited (GBL) reported a 9% increase in consolidated revenue to INR 956.00 crore for Q1. The chemical division saw exceptional growth with a 26% increase in turnover and a 223% surge in profit before tax. The liquid storage terminal (LST) business faced temporary challenges due to maintenance work. The company's consolidated profit after tax grew by 10% to INR 181.00 crore, with earnings per share rising 11% to INR 2.52. GBL is evaluating options for its JNPT land after the LPG terminal joint venture with BW was called off. The company is also in the process of renewing its JNPT lease for 30 years and has settled the Morgan legal case.
11Aug 25
Ganesh Benzoplast Reports 9% Revenue Growth in Q1, Appoints New Independent Woman Director
Ganesh Benzoplast Limited reported robust Q1 financial results with consolidated revenue reaching Rs. 956.00 crore, up 9% year-over-year. Consolidated profit after tax increased by 10% to Rs. 181.00 crore. The Chemical division performed exceptionally well, with turnover up 26% and profit before tax surging 223%. The company's board approved the appointment of Ms. Amruta Pankaj Thali as an Additional Director and Independent Woman Director, and the re-appointment of Mr. Niraj Nabh Kumar as a Non-Executive Independent Director. The 38th Annual General Meeting is scheduled for September 25, 2025, to be conducted via video conferencing.
15Jul 25
Ganesh Benzoplast Secures Court Order in ₹7.03 Crore Fake Loan Case
Ganesh Benzoplast Limited has obtained an interim injunction and stay order from the Bombay City Civil Court against Lok Sewak Leasing and Investment Private Limited in a ₹7.03 crore fraudulent loan case. The court has restrained actions based on forged documents, stayed the operation of these documents, and ordered CIBIL to restore GBL Chemical's credit score. The company states there are no expected financial implications from this case.
09Jul 25
NCLAT Reinstates Ganesh Benzoplast Case to NCLT Following Loksevak's Appeal
The National Company Law Appellate Tribunal (NCLAT) has ruled in favor of Loksevak's appeal in a case involving Ganesh Benzoplast Limited. As a result, the case has been sent back to the National Company Law Tribunal (NCLT) for further proceedings. The specific details of the original case and Loksevak's appeal were not disclosed.
20May 25
Ganesh Benzoplast Seeks New Path as Partners Exit JNPT LPG Terminal Project
Ganesh Benzoplast Ltd is in discussions to determine the future of its JNPT LPG terminal project following the withdrawal of BW Group and CPIL. The company is exploring options such as seeking new partners, restructuring the project, or reevaluating its viability. This development could significantly impact Ganesh Benzoplast's position in the liquid storage infrastructure sector.
Ganesh Benzoplast Ltd, a leading chemical storage company, reported mixed Q4 FY2024 results. EBITDA increased by 49.29% to ₹315.00 crore, with the EBITDA margin improving to 31.53%. However, consolidated revenue declined by 31.58% to ₹999.00 crore. The company posted a net loss of ₹132.00 crore, slightly better than the ₹143.00 crore loss in Q4 FY2023. The results indicate successful cost-control measures and improved operational efficiency, despite challenges in revenue generation.
01Apr 25
Ganesh Benzoplast Secures Major ₹169.24 Crore Order from JSW Jaigarh Port
Ganesh Benzoplast Limited (GBL) has been awarded a ₹169.24 crore contract by JSW Jaigarh Port Ltd for a Chemical Tank Farm Project. The EPC project includes constructing 11 chemical tanks, installing a dock pipeline, and associated civil works. The project is expected to be completed within 27 months. This significant order boosts GBL's order book and is likely to positively impact its revenue over the next two years. The company has confirmed that the contract is not a related party transaction and no promoters or group companies have interests in JSW Jaigarh Port Ltd.