Ellenbarrie Q1 FY27 Revenue Up 18% to ₹98.7 Crore, PAT Jumps 87%
Ellenbarrie Industrial Gases reported Q1 FY27 revenue of ₹98.7 crore, up 18% YoY. PAT grew 87% YoY to ₹35 crore. EBITDA rose 21% YoY to ₹38.7 crore with margins at 39%. A new 320 TPD on-site plant in East India will contribute from Q2 FY27. Capex guidance is ₹250 crore for FY27 and ₹200 crore for FY28.
The strong financial performance, coupled with the commissioning of new capacities and clear capex plans for future growth, is likely to have a significant positive impact on investor sentiment and the company's market position.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, along with improved margins and positive commentary on future growth drivers and operational efficiency.
Ellenbarrie Industrial Gases Limited reported a strong Q1 FY27 performance with revenue from operations at ₹98.7 crore, an 18% increase year-on-year and 13% sequentially. This growth was primarily driven by the ramp-up of the Kurnool and Uluberia 2 plants.
EBITDA stood at ₹38.7 crore, up 21% year-on-year and 50% sequentially, with EBITDA margins improving to 39% from 38% in Q1 FY26. Profit After Tax (PAT) surged by 87% year-on-year to ₹35 crore, supported by improved operating performance, lower finance costs, and a reduced effective tax rate.
The core gases business revenue grew 20% year-on-year to ₹97.3 crore, with segment margins at 38%. While oxygen and nitrogen prices remained stable, argon prices showed a modest sequential increase but are still below H1 FY26 levels. The company is focusing on improving operating efficiency, strengthening its asset base, and disciplined capital allocation.
Key operational updates include the progressing ramp-up at Kurnool and Uluberia 2. A new 320 tons per day on-site plant in East India is being commissioned and is expected to contribute revenue from Q2 FY27. For FY27, the company has a capex guidance of ₹250 crore and ₹200 crore for FY28, focusing on new merchant capacity additions in North and West Central India.
The company aims to achieve EBITDA margins of 40% or higher in the long term, driven by newer, more energy-efficient capacities and disciplined cost management, particularly in power costs through renewable energy PPAs.
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