Please find enclosed herewith the Investors presentation on Unaudited Financial results of the Company for the half year ended September 30, 2025
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GEM Enviro reported H1FY26 standalone revenue from operations of Rs 5,481.67 lakhs, up sharply from Rs 2,218.98 lakhs in H1FY25 and 48% higher than the preceding half (H2FY25). Despite strong top-line growth, EBITDA fell to Rs 456.58 lakhs (margin of 8.26%) versus Rs 623.54 lakhs (27.72% margin) a year ago, signalling significant margin compression. PAT stood at Rs 342.32 lakhs (EPS Rs 1.51), down YoY but up 129% sequentially versus H2FY25. The company also shared its first consolidated results, incorporating wholly-owned subsidiary GEM Green Infra Tech Pvt Ltd (formed March 2025). The presentation highlights GEM's role in the Jal Jeevan Mission with Welspun Enterprises covering 2,500+ villages in Uttar Pradesh, and outlines its positioning as a Producer Responsibility Organisation (PRO) in India's evolving EPR/Plastic Credit market.
The standout concern for shareholders is the steep drop in EBITDA margin (from ~28% to ~8%) despite more than doubling revenue, pointing to raw material/procurement cost pressure and weaker unit economics. Sequential PAT growth is positive, but the YoY margin erosion and management's own candid discussion of recycler-driven margin pressure suggest near-term profitability remains vulnerable even as the topline story stays strong.