Kanpur, India | February 1, 2025
Ganesha Ecosphere Limited (BSE: 514167, NSE: GANECOS), a leading manufacturer in the recycled polyester sector, has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024.
Standalone Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 | Q3 FY24 | QoQ % | 9M FY25 | 9M FY24 | YoY % |
|---|---|---|---|---|---|---|
| Revenue from Operations | 26,802.03 | 24,575.46 | +9.07% | 76,743.35 | 73,817.23 | +3.96% |
| Total Income | 27,717.04 | 25,177.16 | +10.10% | 79,340.92 | 75,537.66 | +5.04% |
| Profit Before Tax (PBT) | 2,472.17 | 2,602.27 | -5.01% | 8,005.26 | 5,570.54 | +43.72% |
| Net Profit | 1,957.16 | 1,954.70 | +0.13% | 6,081.79 | 4,155.23 | +46.39% |
| EPS (₹) – Basic/Diluted | 7.72 | 8.95 | -13.74% | 23.99 | 19.04 | +26.02% |
Consolidated Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 | Q3 FY24 | QoQ % | 9M FY25 | 9M FY24 | YoY % |
|---|---|---|---|---|---|---|
| Revenue from Operations | 39,780.47 | 28,482.60 | +39.62% | 112,116.03 | 81,739.50 | +37.16% |
| Total Income | 40,303.96 | 28,882.57 | +39.47% | 113,437.12 | 82,756.64 | +37.10% |
| Profit Before Tax (PBT) | 3,692.24 | 1,898.62 | +94.53% | 10,300.53 | 2,831.28 | +263.88% |
| Net Profit | 2,970.65 | 1,272.99 | +133.34% | 7,936.44 | 1,897.61 | +318.20% |
| EPS (₹) – Basic/Diluted | 11.74 | 5.84 | +101.00% | 31.36 | 8.71 | +260.07% |
Segment Performance & Key Developments
- Cost Efficiency: Raw material costs increased 8.9% YoY on a standalone basis, reflecting inflationary pressures, but were efficiently managed within the consolidated framework.
- Dividend Payout: The Board declared an interim dividend of ₹1.50 per share on November 12, 2024.
- New Joint Venture: The company established 'Ganesha Recycling Chain Private Limited' in collaboration with Race Eco Chain Limited, with an initial investment of ₹10 lakh.
Management Commentary
Shyam Sunder Sharma, Chairman, Ganesha Ecosphere Limited, stated: "We are delighted to report strong financial growth, especially in our consolidated performance. The expansion into strategic collaborations and operational efficiencies have yielded positive results. We remain focused on scaling our recycling capabilities and maximizing shareholder value."Outlook
- Sustained Growth: With robust order inflows and expansion plans, revenue is expected to maintain an upward trajectory.
- Capacity Expansion: Further investments in green recycling initiatives are underway.
- Profitability Focus: Strong cost optimization measures will help sustain margins amid inflationary pressures.