ALFA Finder| Revenue growth | Healthy YoY growth; 9% sequential decline due to steel sector softness. |
|---|---|
| Margins | Sequential contraction to 31% from 38% on lower Argon realizations. |
| Demand visibility | Steel sector remains soft; solar and semiconductor inquiries increasing significantly. |
| Management confidence | Balanced; acknowledging short-term Argon pricing pressure while maintaining long-term targets. |
Growth
Revenue rose YoY to ₹813M; however, sequential operational revenue declined 9%.
Outlook
Capex of ₹2,500M for FY26 and ₹2,000M for FY27 targeting 40% EBITDA margins.
Risks
Argon oversupply from captive steel plants and high client concentration in steel.
Last quarter's promises, checked
Delivered
- Commission Uluberia 2 plant in Q4 → Delivered (commissioned in Q4 FY26) (= BEAT)
- Target 38.4% FY26 Gas EBITDA margin → Delivered 38.4% (= BEAT)
- Core gas revenue growth vs FY25 → Delivered 14.2% growth (= BEAT)
Partly delivered
- Target 20% revenue CAGR → Delivered healthy YoY growth but 9% sequential decline (= PARTIAL)
Missed
- Argon pricing recovery → Delivered 25% sequential crash (= MISS)
- Maintain high margins → Delivered contraction to 31% from 38% (= MISS)
Earnings Call Transcript filed with NSE, NSE: ELLEN. Summary written with AI assistance from the document.
Ellenbarrie Industrial Gases Ltd: key numbers
- Share price
- ₹293.65
- Market cap
- ₹4,139 Cr
- Revenue (annual)
- ₹341.6 Cr
- Net profit (annual)
- ₹104.4 Cr
- P/E (TTM)
- 34.6×Sector 51.9×
- Promoter holding
- 77.15%+0.00% QoQ
- FII holding
- 0.65%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Ellenbarrie Industrial Gases Ltd
All →Ellenbarrie Industrial Gases Earnings Call Transcript: Key Takeaways
Revenue rose 28% YoY to ₹1,143 Cr, but consolidated EBITDA margin fell to about 36% from 39% on freight, power and staffing costs. Management says gases-segment margin rose to 39%.
- Call
- Guides 20% growth
Ellenbarrie Industrial Gases Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹1,143 mn (+28% YoY), EBITDA ₹407 mn (+21%), PAT ₹356 mn (-3%) on Gases volume ramp-up. Margins compressed by power and transport costs; BHEL ₹4,807 mn ASU order won.
Ellenbarrie Industrial Gases Results Update
Ellenbarrie reported Q2 FY27 revenue up 28% to ₹114.3 crore; EBITDA rose 21% to ₹40.7 crore. PAT fell 3% to ₹35.6 crore against a prior-year tax credit.
Ellenbarrie Industrial Gases Q2 FY27 Results: Net Profit ₹35.6 Cr, Down 3.0% YoY
Ellenbarrie Industrial Gases Ltd reported revenue from operations of ₹114.3 Cr (+28.1% YoY) and net profit of ₹35.6 Cr (-3.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹35.6 Cr · -3.0% YoY
Ellenbarrie Industrial Gases Other Announcement
The company filed its quarterly shareholding pattern as of September 30, 2026, in compliance with SEBI Regulation 31(1)(b).
Ellenbarrie Industrial Gases Board Meeting Date
Ellenbarrie Industrial Gases Limited has scheduled a board meeting on 04-Nov-2026 to approve standalone half-yearly unaudited financial results.