Q3-FY26 · Dr. Vunu Nagarwal
We do hold on to EBITDA margins of around 40%... this was a weak quarter... the new capacities that come in would be more efficient in terms of power usage.
ELLEN / language trends
Read confidence between the lines.
Ellenbarrie Industrial Gases · tone and specificity signals across the available quarters.
Research layer active
Language signals
What changed in management language.
tracked
Q3-FY26 · Dr. Vunu Nagarwal
The growth happens not on a consistent Q-on-Q basis but rather in step changes as and when new capacities are operationalized.
Q3-FY26 · Dr. Vunu Nagarwal
We do feel that the worst is over.
Q4-FY26 · Varun Agarwal
The core gases business continued to remain the main driver of the company. Demand across our key gases remained linked to the broader industrial environment despite the Iran conflict.
Q4-FY26 · Varun Agarwal
Our long-term EBITDA margin aspiration is 40%.
Q4-FY26 · Padam Kumar Agarwala
We cannot control the global cycle. We cannot control commodity prices. We cannot control external demand. But we can control where we allocate capital, how we serve customers and how we manage costs.