Ganesha Ecosphere (514167) Q4 24/25 earnings summary

Executive summary

• Achieved record consolidated EBITDA of over INR 200 crore (up 53% YoY) and PAT exceeding INR 100 crore (up 154% YoY) for FY 2025, with revenue reaching INR 1,465 crore and production surpassing 1.56 lakh metric tons.

• Warangal plant operations stabilized, with food-grade rPET granules setting new industry benchmarks and expansion of customer and vendor base; standalone business saw 99% capacity utilization, Warangal at 63%.

• Company is a leading PET plastic recycler with 196,440 MTPA capacity, recycling 8.5+ billion bottles annually.

• Faced challenges in legacy business due to high input prices, volatile scrap bottle prices, and a widening price gap between virgin and rPET polymers.

• Board recommended a final dividend of ₹3.00 per share for FY25, subject to shareholder approval.

Financial highlights

• Consolidated production grew 20% YoY to 156,087 tons; revenue up 30.5% to INR 1,465.54 crore; PAT up 54% to INR 103 crore; EBITDA margin improved to 14.4% from 12.3% in FY24.

• Q4FY25 consolidated revenue was ₹344.4 Cr, down from Q3 but up YoY; Q4 PAT was ₹23.8 Cr, up YoY.

• Standalone FY25 revenue was ₹983.9 Cr, with PAT at ₹85.4 Cr and EBITDA margin at 9.7%.

• Basic and diluted EPS for FY25 were ₹40.74 and ₹39.89, respectively, up from ₹18.15 in FY24.

• Other equity increased to ₹1,12,521.77 lakh as of March 31, 2025.

Outlook and guidance

• FY 2026 revenue guidance revised to INR 1,700–1,750 crore, with major growth expected post-expansion in FY 2027; peak revenue post-expansion projected at INR 2,600–2,700 crore by FY 2027–28.

• Plans to increase rPET granules capacity by 90,000 MTPA (Odisha + Warangal) to meet rising demand.

• Targeting value-added products to contribute 55–65% of revenue over two years, driving higher margins.

• Management remains optimistic about sustained growth, supported by capacity expansion and product diversification.