Gulshan Polyols
Other · 1 quarter tracked · source-linked performance and management context.
Latest revenue
₹626.7 Cr
financial record pending verification
Quarters tracked
1
source records in the directory
Delivery assessment
Unscored
No scored management commitments are present yet.
Call date
2026-02-10
latest available source date
Signal trajectory
1 actual quarterCurrent read
Unscored
No scored management commitments are present yet.
Latest source read
What changed this quarter?
Gulshan Polyols delivered a strong Q3 FY26 with consolidated EBITDA margins of 13.7% (up 920 bps YoY) and PAT of ₹40.9 crore (up 501% YoY), driven by ethanol capacity ramp-up and softening raw material prices. Revenue stood at ₹626.7 crore, led by ethanol segment growth. The government's 40% FCI rice mandate improved grain liquidity, boosting ethanol margins to ₹9-10/liter. Management guided FY26 revenue of ₹2,300 crore and EBITDA margins of 9-10%, with FY27 revenue target of ₹2,600-2,800 crore at 80-85% utilization. Grain processing remains under pressure due to starch overcapacity, but cost initiatives (RDF boiler) may aid recovery. Risk: ethanol allocation shortfalls (20-30% of capacity) could limit volume growth.
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Signal
Positive
Revenue
₹626.7 Cr
Source date
2026-02-10
Across the record
Quarter history.
History modules