Ellenbarrie Industrial Gases Limited — Investor Meet, 04-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Ellenbarrie Industrial Gases reported Q3 financial results with revenue from operations at ₹81.3 Cr, EBITDA at ₹25.3 Cr (31% margin), and PAT at ₹26.1 Cr. Sequential declines in revenue and EBITDA were attributed to soft Argon prices and one-off costs. Management views this as temporary, targeting 40% sustainable EBITDA margins long-term, driven by new efficient capacities and expected Argon price normalization. The Uluberia 2 merchant plant (220 TPD) was commissioned. Other expansions include East India (Q1 FY27), North India (H2 FY27), and Western India with specialty gases (FY28). Management maintains a 20-25% long-term CAGR outlook, expecting Q4 to improve.