ELLEN Ellenbarrie Industrial Gases Q2 FY26 results (Jul–Sep 2025) and concall
Ellenbarrie Industrial Gases reported a strong Q2 FY26, with sequential revenue growth of 6.7% to ₹892 million and a significant 96% YoY increase in PAT to ₹367 million, driven by operational discipline and capital efficiency. The company maintained a stable EBITDA margin of 38% and saw its high-margin Argon business grow to 13% of revenues. While facing minor project execution delays, Ellenbarrie is actively expanding capacity and pursuing growth in specialty gases for emerging sectors like solar and semiconductors, targeting a 20-25% CAGR in core gases over the next 4-5 years.
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What they filed
Q2 FY26: revenue down 6.3%, net profit up 23.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 95 | 68 | 82 | 84 | 89 −6% |
| EBITDA | 36 | 27 | 25 | 31 | 33 −8% |
| Net profit | 30 | 19 | 18 | 19 | 37 +23% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
