Ellenbarrie Industrial Gases Limited — PPTs, 03-02-2026: Investor Presentation

**1. Business Performance:**

Ellenbarrie's Q3FY26 revenue hit ₹81.3 Cr (+20% YoY), PAT ₹26.1 Cr (+26% YoY). EBITDA fell 10.6% to ₹25.3 Cr (31% margin), pressured by lower Argon prices. Soft steel demand also impacted.

**2. Growth Drivers or Strategy:**

The company is expanding capacity, targeting onsite supply in North/West India. Strategies include high-return organic projects and diversifying into high-value gases and new sectors.

**3. Recent Developments:**

A new merchant plant (Uluberia 2) is operational. East India on-site and North India merchant units are planned. Investment of ₹7.08 Cr in a hybrid PPA aims for future power cost savings.

**4. Key Financial Metrics:**

Q3FY26: Revenue ₹81.3 Cr (+20% YoY), PAT ₹26.1 Cr (+26% YoY), EBITDA ₹25.3 Cr (-10.6% YoY).

**5. Management Commentary / Outlook:**

Management noted Q3 softness from steel demand and declining Argon realizations. Outlook focuses on Capex of ₹250 Cr for FY26, ₹200 Cr for FY27, driving expansion and diversification.