Ganesha Ecosphere Q2 FY27 standalone PAT Rs 14.50 cr, up 85.4%

What the numbers show

• Net margin was 4.58% of revenue, up 156 bps from 3.02%.
• Revenue rose 22.0% while total expenses rose 15.8%.
• Cost of materials accounted for Rs 31.66 cr of the Rs 40.96 cr rise in total expenses (77%).
• Cost of materials took 59.7% of revenue, against 60.6% a year earlier.

• Basis & period: Standalone statement of unaudited financial results for the quarter ended September 30, 2026 vs quarter ended September 30, 2025 (statement of unaudited standalone financial results).

• Revenue from operations: Rs 316.49 cr vs Rs 259.35 cr a year earlier.

• Other income: Rs 3.13 cr vs Rs 10.66 cr.

• Total income: Rs 319.62 cr vs Rs 270.01 cr.

• Total expenses: Rs 300.54 cr vs Rs 259.58 cr.

• Cost of materials consumed: Rs 188.90 cr vs Rs 157.24 cr.

• Purchases of stock-in-trade: Rs 2.48 cr vs Rs 2.50 cr.

• Changes in inventories of finished goods, stock-in-trade and work-in-progress: Rs 34.25 cr vs Rs 30.40 cr.

• Employee benefits expense: Rs 18.69 cr vs Rs 17.55 cr.

• Finance costs: Rs 1.60 cr vs Rs 2.42 cr.

• Depreciation and amortization expense: Rs 6.95 cr vs Rs 5.99 cr.

• Power & fuel: Rs 21.91 cr vs Rs 22.03 cr.

• Other expenses: Rs 25.76 cr vs Rs 21.46 cr.

• Profit before tax (PBT): Rs 19.08 cr vs Rs 10.43 cr.

• Profit for the period (PAT): Rs 14.50 cr vs Rs 7.82 cr.

• Basic EPS (not annualized): Rs 5.41* vs Rs 2.94*.

• Diluted EPS (not annualized): Rs 5.41* vs Rs 2.94*.

In the standalone statement of financial results for the quarter ended September 30, 2026, Ganesha Ecosphere reported an increase in revenue from operations to Rs 316.49 cr from Rs 259.35 cr in the corresponding quarter of the previous year. Total income rose to Rs 319.62 cr from Rs 270.01 cr, even as other income declined to Rs 3.13 cr from Rs 10.66 cr.

On the cost side, total expenses increased to Rs 300.54 cr from Rs 259.58 cr. Within this, cost of materials consumed moved up to Rs 188.90 cr from Rs 157.24 cr, and changes in inventories of finished goods, stock-in-trade and work-in-progress were Rs 34.25 cr compared with Rs 30.40 cr a year earlier. Employee benefits expense rose to Rs 18.69 cr from Rs 17.55 cr, while power & fuel was Rs 21.91 cr versus Rs 22.03 cr. Other expenses increased to Rs 25.76 cr from Rs 21.46 cr.

Despite higher overall expenses, profit before tax improved to Rs 19.08 cr from Rs 10.43 cr in the year-ago quarter. After a current tax charge of Rs 5.36 cr (vs Rs 2.69 cr) and deferred tax of Rs (0.7787) cr (vs Rs (0.0701) cr), profit for the period rose to Rs 14.50 cr from Rs 7.82 cr. Reported basic EPS (not annualized) increased to Rs 5.41* from Rs 2.94*, and diluted EPS (not annualized) was also Rs 5.41* vs Rs 2.94*, as per the statement of unaudited standalone financial results.