GHCL Limited — Investor Meet, 03-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

GHCL's Q3 FY26 revenue stood at Rs. 773 crore, with EBITDA at Rs. 175 crore (22.7% margin) and PAT at Rs. 107 crore. Despite a plant shutdown and import pressure, strong operational efficiency sustained performance. India's Soda Ash demand grew 5%, but global oversupply affected realizations. New Bromine and Vacuum Salt projects, set for Q4 FY26 commissioning, offer diversification and higher margins. The Greenfield Soda Ash project faces land acquisition delays. Management believes Soda Ash prices are near bottom, citing global cost structures and potential plant closures. The company demonstrated robust cash flow (Rs. 890 crore surplus) and shareholder returns, maintaining confidence in long-term growth and cost control.