Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ganesha Ecoverse Limited reported standalone profit of ₹124.78 lakhs for FY26, recovering from a loss of ₹129.83 lakhs in H1, with H2 standalone profit of ₹254.61 lakhs on income of ₹94.91 lakhs. On a consolidated basis, FY26 net loss stood at ₹520.74 lakhs due to losses from associate company GESL Spinners Limited. The associate, GESL Spinners, achieved total income of ₹12,004.05 lakhs (~₹120 crore) with EBITDA of ₹1,271.85 lakhs (10.7%) for FY26, but reported a net loss of ₹1,454.22 lakhs. Production at the associate increased to 8,532 MT in FY26 from 3,756 MT in H1. The company plans to file a merger application with BSE in June 2026 to merge Ganesha Ecoverse with its associate GESL Spinners.
The standalone profit recovery is positive, but the consolidated loss reflects the heavy drag from associate company losses. The planned merger could simplify the group structure and potentially unlock value, though the associate's continuing losses remain a concern.