Gulshan Polyols Limited — Investor Meet, 17-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Gulshan Polyols reported robust Q2 FY26 results with 23% YoY revenue growth, a 140% EBITDA jump, and nearly 1000% PAT growth. Management highlighted a "U-turn recovery" driven by improved margins and operational efficiency. The company received Rs. 5.34 Cr PLI in October, with another Rs. 19-20 Cr expected from MP and Assam governments. Ethanol production utilizes 40% FCI rice, 45% maize, and 15% DFG. Starch production is temporarily halted, boosting grain processing profitability. Mineral processing maintains stable 23-24% margins. FY26 revenue growth is targeted at 20%, with FY27 aiming for Rs. 2,800 Cr on 80-90% capacity utilization, contingent on OMC allocations. The company expresses a confident outlook for continued growth.