Ganesh Benzoplast Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Ganesh Benzoplast Limited reported consolidated revenue from operations of Rs 4,114.19 million for FY26, up 9.9% from Rs 3,743.11 million in FY25. Net profit after tax surged 92.5% to Rs 733.36 million from Rs 380.86 million in the prior year. The company recorded an exceptional item of Rs 447.31 million (expense/write-off) for the year. EBITDA margin expanded from approximately 25.8% in FY25 to 28.9% in FY26. The auditors issued an unmodified (clean) audit opinion, though they included an Emphasis of Matter regarding an FIR and complaint registered with the Economic Offences Wing in July 2024 related to alleged unauthorized loans by a former director of a subsidiary, with a quashing petition pending before Delhi High Court. The company also announced plans to form a wholly-owned subsidiary in Singapore.
Strong profitability growth with PAT up 92.5% year-on-year is positive for shareholders. However, the Rs 447.31 million exceptional item and the unresolved legal matter (FIR) mentioned in the auditor's Emphasis of Matter paragraph warrant caution and may create uncertainty around the stock.