Ganesh Green Bharat Limited — Investor Meet, 17-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Ganesh Green Bharat reported revenue of INR317 Cr and PAT of INR30.42 Cr for FY25, with a robust order book of INR1,140 Cr. The company operates at 750 MW capacity, expanding to 1.1 GW by August 2025, targeting ~70%-75% utilization. Module manufacturing constitutes ~70% of orders; EPC ~30%. EBITDA margins on modules are steady at 13%-15%, supported by quality PSU and multinational clients. Management aims to maintain a PAT margin of 9%-10%. Capacity additions beyond 1.1 GW are not planned currently, but land and infrastructure development is underway, anticipating future expansion within 1.5 years. Growth is expected from scaling module production, participation in tenders, and expanding B2C and lithium battery backup solutions. Inventory rise reflects capacity ramp-up, expected to normalize by H1 FY26. Management remains confident on margin stability despite industry competition and supply chain challenges.