Press Release 15.11.2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ganesha Ecoverse reported standalone total income of ₹57.69 Lakh and a loss after tax of ₹129.83 Lakh for the half year ended September 30, 2025, largely driven by a ₹149.48 Lakh mark-to-market loss on its equity investments due to a broader market slowdown. On a consolidated basis, the loss after tax widened sharply to ₹612.03 Lakh, pulled down by its associate GESL Spinners Private Limited (GSPL), which posted total income of ₹5,027.25 Lakh but a loss after tax of ₹1,086.28 Lakh on 3,756 MT of production. GSPL's yarn spinning facility was severely damaged in an August 2024 storm and flood, but operations have since resumed, crossing 80% capacity utilization in September 2025. The Board approved a merger of GSPL into the Company on May 30, 2025, to consolidate its textile and recycled fibre portfolio.
Steep consolidated losses and associate-level drag may weigh on near-term sentiment, but the GSPL merger and the facility's capacity recovery point to a potential medium-term turnaround for shareholders.