Ganesha Ecosphere Limited — Investor Meet, 19-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Ganesha Ecosphere reported a challenging Q2 FY26 with 6.1% EBITDA margins and negative net profits, primarily from ₹10-11 Cr inventory losses due to volatile raw material prices and delayed B2B rPET granule sales linked to a draft MOEF notification.

Management is optimistic, stating the worst is behind them. The legacy business is recovering, targeting 7-9% EBITDA margins. B2B demand is expected to rebound from January 2026 as mandatory recycled content usage increases to 40% next year, with FY26 shortfalls carrying over. The Warangal brownfield expansion (22,500 MTPA rPET, ₹130 Cr capex) is set for March 2026 operation, poised to significantly boost revenue. Management remains confident in its strategic direction for future growth.