GHCL Limited — Investor Meet, 01-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

GHCL's Q2 FY26 results reflect resilience amid global uncertainty and cheap imports, which pressured revenue (down 9% QoQ to Rs. 739 Cr) and PAT (down 31% QoQ to Rs. 107 Cr). EBITDA margin contracted to 23.7%. Management is focused on cost optimization to protect margins. Looking ahead, the company is diversifying into bromine (commissioning Jan 2026) and vacuum salt (commissioning Dec 2025) for new growth, with solar glass applications expected to accelerate next year. A proposed Anti-Dumping Duty on soda ash could provide relief from import pricing. GHCL also announced a share buyback program to optimize capital structure and enhance shareholder value. Management's tone is forward-looking despite challenges.