Ganesh Benzoplast Limited has informed the Exchange about Transcript
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Ganesh Benzoplast reported Q3 FY26 consolidated revenue of INR1,053 million, up 18% year-on-year, while profit after tax dipped to INR162 million from INR184 million due to a sharp rise in lease rental provision at its JNPT terminal (now INR24 crore vs INR2 crore earlier). For nine months FY26, revenue grew 9% YoY to INR2,999 million and PAT rose 13% to INR580 million, with the chemical segment's profit before tax jumping 36% to INR187 million. Management confirmed an INR160–170 crore capex plan to add 1 lakh KL of A-class storage capacity at JNPT (now possible after the BW LPG JV exit freed up 4.5 hectares), with the first phase (40–50%) targeted by Q1 FY27 and full commissioning by early FY28, expected to bring INR45–50 crore of incremental revenue at 65–75% EBITDA margins. The company recently won a INR51.33 crore Reliance Industries EPC order for a carbon fiber project (typical EPC margins 5–10%).
Shareholders can expect margin recovery over the next 1–2 years as rental income catches up with the higher lease cost, plus a meaningful earnings boost once the new tank capacity comes online. Management also indicated a yearly dividend will begin starting FY26–27, subject to AGM approval in September 2026, which should improve return appeal for retail investors.