Ganesha Ecosphere's rPET expansion starts as Q4 profit reaches Rs 23.21 cr
Management flagged Middle East-related demand and feedstock pressures, while the 22,500-ton Warangal expansion is expected to ramp up by Q2FY27.
Filed 30 Jul 2026, 17:49 IST · after market close · GANECOS (GANECOS)
Key takeaways
- Ganesha Ecosphere's consolidated Q4FY26 operating profit was Rs 52.35 cr on revenue of Rs 423.94 cr, while net profit was Rs 23.21 cr.
- Interest of Rs 8.79 cr and depreciation of Rs 17.16 cr kept profit before tax at Rs 30.88 cr despite operating profit of Rs 52.35 cr.
- Management said the 22,500-ton Warangal rPET expansion is expected to ramp up by Q2FY27, while rPSF and spun yarn face Middle East-related demand slowdown.
Operating profit did not fully convert to net profit
Ganesha Ecosphere reported consolidated Q4FY26 revenue of Rs 423.94 cr and operating profit of Rs 52.35 cr, with an operating margin of 12.35%. Interest of Rs 8.79 cr and depreciation of Rs 17.16 cr reduced profit before tax to Rs 30.88 cr and net profit to Rs 23.21 cr. Other income of Rs 4.48 cr was not the main source of pre-tax profit.
Middle East disruption is affecting downstream businesses
Management said the rPSF and spun yarn businesses are facing a demand slowdown because of the Middle East conflict. The company also said the disruption has raised virgin polymer and PET bottle scrap prices, while the textile industry is not equipped to absorb the increase in feedstock costs.
Warangal expansion adds capacity to the rPET platform
Management said the company commissioned a 22,500-ton brownfield rPET granules expansion at Warangal and expects the facility to ramp up by Q2FY27. The company told analysts that it is working with more than 40 brands at different approval stages for rPET products. It also said it has launched GoRewise to recycle PET plastic into premium-quality products.
Results were filed after market close
The consolidated results were filed after market close, so there was no immediate stock-market reaction to assess. There is also no quarter-on-quarter or year-on-year comparison in the reported set, so the direction of margins and profit cannot be established from this release alone.
Q4FY26 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q4FY26 |
|---|---|
| Revenue | ₹424 cr |
| Other income | ₹4 cr |
| Expenses | ₹372 cr |
| Operating profit | ₹52 cr |
| Operating margin (%) | 12.35% |
| Interest | ₹9 cr |
| Depreciation | ₹17 cr |
| Profit before tax | ₹31 cr |
| Tax | ₹8 cr |
| Net profit | ₹23 cr |
| EPS (₹) | ₹8.68 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Guidance & outlook
- The company expects rPET granule demand visibility over the long term as industry adoption increases.
- The company expects the Warangal brownfield expansion to ramp up by Q2FY27.
- The company is working with more than 40 brands at various approval stages to provide rPET products.
Expansion
- The company commissioned a 22,500-ton brownfield rPET granules expansion at Warangal.
New initiatives
- The company launched GoRewise to recycle PET plastic into premium-quality products.
- The company is working with more than 40 brands through approval stages to support their sustainability goals with rPET products.
Problems & risks
- The rPSF and spun yarn businesses are facing a demand slowdown because of the Middle East conflict.
- The Middle East conflict has increased virgin polymer and PET bottle scrap prices.
- The textile industry is not equipped to absorb the rapid increase in feedstock prices.
What to watch
- The Q2FY27 ramp-up of the 22,500-ton Warangal rPET expansion.
- Progress in converting the 40+ brand approval pipeline into rPET product demand.
- Whether operating profit remains near Rs 52.35 cr while Middle East-related feedstock pressure persists.