Ganesha Ecosphere Q4 FY26 profit jumps 390% QoQ

Key takeaway from the Q4 FY26 print

Ganesha Ecosphere closed Q4 FY26 with a sharp sequential jump in profitability even as year-on-year profit stayed broadly flat. On a consolidated basis, net profit rose to ₹23.21 crore in Q4 FY26, up 389.66% from ₹4.74 crore in Q3 FY26. Revenue from operations increased 18.68% sequentially to ₹423.94 crore in Q4 FY26. Profit before tax (PBT) also strengthened, rising 278.89% QoQ to ₹30.88 crore.

Consolidated numbers: revenue rises, profit rebounds sequentially

For Q4 FY26, the company reported consolidated revenue from operations of about ₹423.9 crore and net profit of about ₹23.2 crore. The quarter marked a clear rebound from Q3 FY26 on profit metrics, with the company highlighting a 70% quarter-on-quarter rise in consolidated EBITDA and a 389% QoQ surge in profit after tax. The sequential improvement in earnings came alongside the 18.7% QoQ increase in revenue from operations.

Year-on-year comparison shows margin pressure

On a year-on-year basis, consolidated revenue for Q4 FY26 increased to ₹423.9 crore compared with ₹344.4 crore in the same quarter of the previous year. EBITDA for the quarter came in at ₹52.4 crore versus ₹51.1 crore in the year-ago period. However, EBITDA margin declined to 12.4% in Q4 FY26 from 14.8% a year earlier.

Consolidated net profit for Q4 FY26 was ₹23.2 crore compared with ₹23.8 crore in the corresponding quarter of the prior year. The combination of higher revenue and lower margin indicates that profitability in percentage terms was under pressure compared with the year-ago quarter, even though operating profit in absolute terms was slightly higher.

Standalone performance and utilisation highlight

Alongside the consolidated performance, the company disclosed standalone revenue of ₹260.3 crore for the quarter. Standalone profit after tax (PAT) was ₹15.9 crore. A notable operating datapoint was capacity utilisation, with the standalone business achieving 105% capacity utilisation during the quarter.

What the data says on operating profitability

The headline operational profitability indicator for Q4 FY26 was EBITDA of ₹52.4 crore on revenue of ₹423.9 crore. The reported EBITDA margin of 12.4% provides a cleaner view of profitability than absolute numbers alone because it adjusts for the scale effect from higher revenue. The year-on-year margin decline to 12.4% from 14.8% suggests that input costs, pricing, product mix, or other operating factors reduced operating leverage compared with the year-ago quarter.

At the same time, the sharp sequential improvement in profitability metrics points to a weaker base in Q3 FY26, as indicated by the prior-quarter consolidated net profit of ₹4.74 crore.

Snapshot table: Q4 FY26 vs QoQ and YoY markers

Business context: PET recycling scale and footprint

Ganesha Ecosphere is positioned as a PET plastic recycling company. The provided company overview notes 96,600+ MTPA of PET waste converted annually and recycling of 6bn+ bottles. Such scale is relevant because financial outcomes in recycling businesses are often driven by throughput, realisations, and input cost dynamics.

The registered office is listed as Raipur (Rania), Kalpi Road, Kanpur, Uttar Pradesh-248008, with phone numbers 91-512-2555505-06 and +9198708383.

Management commentary and historical performance markers

In an earnings call transcript referenced in the material, the company discussed FY25 milestones, including crossing ₹200 crore in EBITDA and ₹100 crore in PAT for the first time during FY25. It also mentioned achieving revenue of ₹1,465.54 crore for FY25 and a consolidated bottom line of ₹103 crore, alongside consolidated production numbers of 1.56 lakh metric tons.

While those figures relate to FY25, they offer context on the company’s stated focus on scaling operations and profitability. They also help frame the Q4 FY26 outcome, where year-on-year net profit was close to the prior-year quarter, but sequential performance improved sharply.

Capacity addition disclosures and what investors track next

The material also includes disclosures on planned capacity additions, including 67,500 metric tons per annum of RP granules in Odisha expected by the first half of FY27, and another 22,500 MTPA at Warangal by Q4 FY26. Together, these are described as 90,000 MTPA of new capacity focused on RP.

For investors tracking quarterly performance, the next set of datapoints to watch will be how these capacity timelines progress and how margins move relative to the year-ago level, given the Q4 FY26 EBITDA margin was reported at 12.4% versus 14.8% in the year-ago period.

Conclusion

Ganesha Ecosphere’s Q4 FY26 results showed strong sequential momentum, with consolidated net profit rising to ₹23.21 crore on revenue from operations of ₹423.94 crore and PBT at ₹30.88 crore. Year-on-year, revenue increased while EBITDA margin declined to 12.4%. The company has also outlined capacity additions, including 67,500 MTPA expected by the first half of FY27 and 22,500 MTPA by Q4 FY26, which will remain key milestones to track.