| Management target | Revenue 20.0% |
|---|
| Revenue growth | Revenue ₹1,143 Cr, +28% YoY, +16% QoQ; gases +27% YoY. |
|---|---|
| Margins | Consolidated EBITDA margin ~36% vs 39% QoQ; gases segment up to 39%. |
| Order book | BHEL EPC ₹480 Cr, 8-quarter execution; no order book/execution ratio disclosed. |
| Demand visibility | Pharma capex expanding; steel anchors on-site; hospitals stable; some customer capex delayed. |
| Management confidence | Balanced: confident on gases, explains margin dip, guides normalisation over quarters. |
Growth
Revenue +28% YoY, +16% QoQ; gases revenue +27% YoY; EBITDA ₹407 Cr vs ₹387 Cr QoQ.
Outlook
Capex ~₹450 Cr for FY27–28 on course; BHEL ₹480 Cr, 1,200 TPD ASU over 8 quarters; ~20% revenue growth guided.
Risks
Consolidated margin down about 3ppt; BHEL EPC is low-margin, revenue back-ended; two merchant plants delayed to FY28.
Last quarter's promises, checked
Delivered
- East India 320 TPD on-site, revenue from Q2 → Durgapur 325 TPD commissioned Sep-26; revenue impact unquantified (= BEAT)
Partly delivered
- Capex ₹250 Cr FY27 + ₹200 Cr FY28 → 'on track', no spend disclosed (= PARTIAL)
Missed
- EBITDA margin stabilise at ≥40% → consolidated ~36%, gases 39% (= MISS)
- Merchant plants 450–500 TPD combined → delayed to FY28 (= 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
- ₹312.80
- Market cap
- ₹4,408 Cr
- Revenue (annual)
- ₹341.6 Cr
- Net profit (annual)
- ₹104.4 Cr
- P/E (TTM)
- 36.9×Sector 52.6×
- 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 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.
Ellenbarrie Industrial Gases Bags ₹480.7 Cr Order from Bharat Heavy Electricals Limited
Ellenbarrie Industrial Gases Limited won a ₹480.73 crore contract from BHEL to supply and erect a Cryogenic Air Separation Unit over 24 months.
- Value
- ₹480.7 Cr
- From
- Bharat Heavy Electricals Limited (BHEL)
- Execution
- 24 months
- ASU capacity
- 1200.0 TPD