Ellenbarrie Industrial Gases Ltd Reports Q2 Revenue ₹114 Crore

Ellenbarrie Industrial Gases Ltd reported Q2 FY27 revenue of ₹114 crore, a 27.85% increase from ₹89.17 crore in the September 2025 quarter, according to the provided results update. The reported growth follows a June-quarter performance in which revenue reached ₹99 crore and net profit was ₹35 crore.

What did Ellenbarrie Industrial Gases report for Q2 FY27?

Ellenbarrie Industrial Gases reported revenue of ₹114 crore for the quarter ended September 2026, compared with ₹89.17 crore in the corresponding quarter of the previous year. The update described the year-on-year increase as 27.85% and linked the top-line performance to volume expansion in the company’s core industrial-gases operations.

The September quarter is Q2 FY27 and covers the period from 1 July 2026 to 30 September 2026. The company was scheduled to consider and approve unaudited results for the quarter and half-year ended 30 September 2026 at its board meeting on 4 November 2026. An earnings call with analysts and investors was listed for 5 November 2026 at 4:00 PM IST.

How does the September-quarter figure compare with recent results?

The stated Q2 revenue of ₹114 crore is higher than the ₹99 crore revenue reported for the June 2026 quarter. The company’s Q1 FY27 revenue from operations was also separately stated at ₹98.7 crore, up about 18% year on year, while EBITDA was ₹38.7 crore, up 21%.

For the June 2026 quarter, Ellenbarrie Industrial Gases reported net profit of ₹35 crore, compared with ₹19 crore a year earlier. Revenue for that quarter was ₹99 crore against ₹84 crore in Q1 FY26. These figures provide the latest reported operating and profit context ahead of the September-quarter disclosures.

What operational factors were cited for revenue growth?

The provided material attributes revenue growth to the ramp-up of merchant plants at Kurnool and Uluberia 2. It also cites a new on-site plant in East India that was expected to become operational in Q2 FY27. These projects are relevant because industrial-gas revenue depends on plant capacity, customer contracts and volumes supplied to industrial users.

Core gases revenue grew 20% year on year in Q1 FY27, according to the company update. That increase, together with the reported rise in EBITDA, indicates that the June-quarter revenue growth was accompanied by higher operating earnings. The information supplied does not provide a Q2 operating-profit or net-profit figure alongside the ₹114 crore revenue number.

Why do investors need to note the conflicting revenue data?

The source material contains another unaudited Q2 FY2026 entry showing revenue of ₹1,314.29 crore, compared with ₹1,157.76 crore a year earlier, and profit before tax of ₹479.24 crore. That entry conflicts materially with the separately stated ₹114 crore Q2 FY27 revenue figure and with the company’s reported quarterly revenue range of ₹84 crore to ₹99 crore in the available historical data.

The discrepancy may reflect an inconsistency in the supplied data, including the reported fiscal-period label or unit. It cannot be resolved from the information provided. Investors should therefore rely on the exchange filing, the approved financial statements and the accompanying notes to accounts to confirm the final Q2 revenue, profit and comparable-period figures.

What does the update mean for Ellenbarrie Industrial Gases investors?

On the stated ₹114 crore number, the company would have delivered a stronger September-quarter top line than its ₹89.17 crore year-ago base and its ₹99 crore June-quarter revenue. The operational updates on merchant-plant ramp-up and the East India on-site facility also show that capacity additions are an important part of the growth narrative.

Analyst-consensus information included in the material projected FY27 revenue of ₹512 crore, revised from ₹453 crore, and EPS of ₹10.35, revised from ₹10.20. It also listed a consensus price target of ₹380, up from ₹358. These are estimates rather than reported financial results, and the supplied material does not identify the analysts or provide a verified consensus methodology.

Conclusion

Ellenbarrie Industrial Gases has been presented as reporting Q2 FY27 revenue of ₹114 crore, up 27.85% year on year, following Q1 FY27 revenue of ₹99 crore and net profit of ₹35 crore. The reported expansion of core-gases revenue, merchant capacity and on-site operations provides context for the growth described in the update.

The key next item is the company’s approved unaudited Q2 and half-year financial filing following the 4 November 2026 board meeting, along with the 5 November investor call. Investors should watch for confirmation of revenue, operating profit, net profit and the treatment of the conflicting ₹1,314.29 crore revenue figure in the supplied data.