BSECompany Update4d ago · 4 Nov 2026, 07:49 pm
Ellenbarrie Industrial Gases Limited has informed the exchange regarding Press Release on Unaudited Financial Results for the period ended September 30, 2026
Ellenbarrie Industrial Gases Ltd · 544421
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Ellenbarrie Industrial Gases Ltd reported its financial performance for Q2 FY27, with revenue from operations increasing 28% year on year to ₹114.3 crore, and EBITDA rising 21% to ₹40.7 crore. The company received a ₹480.7 crore order for a coal-to-ammonium nitrate project in Jharsuguda, Odisha.
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Governance Concern1/10
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Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Ellenbarrie Industrial Gases Ltd - 544421 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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November 04, 2026
To To
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra – New Trading Ring, 2nd Floor, Rotunda Building, P.J. Towers,
Kurla Complex, Bandra (E), Mumbai – 400 051 Dalal Street, Mumbai – 400 001
SYMBOL: ELLEN SCRIP CODE: 544421
Sub: Press Release on the Unaudited Financial Results of the Company for the second quarter and half year ended
September 30, 2026.
Dear Sir/Madam,
In continuation to our outcome for financial results, we are attaching herewith Press release issued on the subject matter.
The same has also been disseminated on the website of the Company at https://ellenbarrie.com/ and is also annexed along with the
letter.
We request you to kindly take the above on record.
Thanking You.
Yours faithfully,
For Ellenbarrie Industrial Gases Limited
Aditya Keshri
Company Secretary and Compliance Officer
Membership No.: A73390
FOR IMMEDIATE RELEASE
Ellenbarrie posts higher ever quarterly revenue and EBITDA - Q2 FY27 revenue grows 28% to ₹114.3 crore;
EBITDA rises 21% to ₹40.7 crore
Kolkata, 4 November 2026: Ellenbarrie Industrial Gases Limited (NSE: ELLEN; BSE: 544421) reported its financial performance for the quarter
and six months ended 30 September 2026.
For Q2 FY27, revenue from operations increased 28% year on year to ₹114.3 crore. EBITDA rose 21% to ₹40.7 crore, with an EBITDA margin
of 35.6%. Profit before tax increased 20% to ₹47.9 crore. Profit after tax (PAT) was ₹35.6 crore, compared with ₹36.7 crore a year earlier, when
the Company recognised a deferred tax credit of ₹4.5 crore.
For H1 FY27, revenue from operations was ₹213.0 crore, up 23% year on year. EBITDA grew 21% to ₹79.4 crore and PAT increased 27% to
₹70.6 crore.
Financial highlights
Particulars (₹ crore, except margins) Q2 FY27 Q2 FY26 YoY H1 FY27 H1 FY26 YoY
Revenue from operations 114.3 89.2 28.1% 213.0 172.8 23.3%
EBITDA 40.7 33.7 20.8% 79.4 65.5 21.2%
EBITDA margin 35.6% 37.8% -220 bps 37.3% 37.9% -60 bps
Profit before tax 47.9 40.0 19.8% 94.4 67.8 39.2%
Profit after tax 35.6 36.7 -3.0% 70.6 55.4 27.4%
Operating and project highlights
The core gases business reported revenue of ₹112.1 crore in Q2 FY27, up 27% y-y. Gas segment margins improved sequentially to 39%, from 38% in Q1 FY27.
The Kurnool and Uluberia II merchant facilities continued to ramp up. A new 320 TPD onsite plant in East India was commissioned during Q2 FY27, with a fuller revenue
contribution expected from Q3 FY27.
The Company received a ₹480.7 crore order to supply and erect a 1,200 TPD cryogenic Air Separation Unit on a turnkey basis for a coal-to-ammonium nitrate project in
Jharsuguda, Odisha during the quarter. Project is to be executed over FY28 and FY29.
As of 30 September 2026, installed bulk and onsite capacities were 915 TPD and 1,018 TPD, respectively. Additional merchant plants are being developed in North and
West/Central India for FY28.
Capital expenditure and Balance Sheet
Planned capital expenditure of ₹250 crore for FY27 and ₹200 crore for FY28 remains on track. This is primarily for augmentation of the
merchant capacity of the company. Company is well capitalized with cash and equivalents of ₹424 crore as at 30 September 2026.
Management commentary
Mr. Padam Kumar Agarwala, Chairman and Managing Director, Ellenbarrie Industrial Gases Limited, said:
“The quarter saw continued growth in our gases business as recently commissioned capacities increased their contribution. Our new East India
onsite plant commenced operations during the quarter, and we are focused on improving utilisation across the network. The BHEL turnkey ASU
order also adds to our project engineering business. We remain attentive to freight and power costs while progressing our planned capacity
investments.”
About Ellenbarrie Industrial Gases Limited
Ellenbarrie Industrial Gases Limited manufactures and supplies industrial, medical and specialty gases, including oxygen, nitrogen, argon and
hydrogen. Its operations comprise bulk, packaged and onsite gas supply, alongside project engineering services for air separation units and
related applications.
Contact
Ellenbarrie Industrial Gases Limited: complianceofficer@ellenbarrie.com | Investor Relations advisers: ellenbarrie@raadhicapital.com
Forward-looking statements: This release contains statements on expected revenue contributions, capacity additions, costs and future investments. Actual outcomes may differ because of execution, customer demand, pricing, power and transport costs, and other
business risks.