Analysts/Institutional Investor Meet/Con. Call Updates

GANESHA ECOSPHERE LIMITED GESL/2026-27I August 11, 2026 To, To, The BSE Limited, National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, 1st Floor, New Trading Wing, Bandra- Kurla Complex, Rotunda Building, Bandra (East), PJ Towers, Mumbai-400051. Dalal Street, Fort, Tel No.: 022-26598100-8114/ 66418100 Mumbai-400 001. Fax No.: 022-26598237/38 Fax No.: 022-22723121, 22722037 Scrip Symbol: GANECOS Scrip Code: 514167 Sub: Transcript of Ql FY2027 Earnings Conference Call held on August 4, 2026. Dear Sir/ Ma'am, Please find enclosed herewith transcript of QI FY2027 Post results Earnings conference call held on August 4, 2026 pertaining to Company's Unaudited Standalone & Consolidated Financial Results for the quarter ended June 30, 2026. Please take the above un rt;COrd and oblige. Thanking you, Y11111·· l\1ill11"11lly, For <:;~nesha Rcosphcn: Limited (Bharat Kumar Sajnani) Company Secretary-cum-Compliance Officer Encl: As above Regd. Office 8'. W~rks: Raipur (Rania), Kalpi Road, Distt. Kanpur Dehat-209 304. Cell: 9198708383 . Admn. Offrce. 113/216-B, Swaroop Nagar, Kanpur-208 002, India• Tel.:+91-512-2555505-06 E-mail: gesl@ganeshaecosphere.com •Website: www.ganeshaecosphere.com • CIN: L51109UP1987PLC009090 Ganesha Ecosphere Limited Q1FY27 Earnings Conference Call August 04, 2026 MANAGEMENT: MR. GOPAL AGARWAL – CHIEF FINANCIAL OFFICER – GANESHA ECOSPHERE LIMITED MR. PRASHANT KHANDELWAL – SENIOR VICE PRESIDENT – GANESHA ECOSPHERE LIMITED MR. YASH SHARMA – DIRECTOR – GANESHA ECOPET PRIVATE LIMITED MODERATOR: MR. MANISH MAHAWAR – ANTIQUE STOCK BROKING LIMITED Page 1 of 21 Ganesha Ecosphere Limited August 04, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Ganesha Ecosphere Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in listen- only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Manish Mahawar. Thank you, and over to you, sir. Manish Mahawar: Thank you. I'm pleased to host today's earnings call of Ganesha Ecosphere. From the management, we have Mr. Gopal Agarwal, CFO; Mr. Prashant Khandelwal, Senior Vice President; and Mr. Yash Sharma, Director, Ganesha Ecopet, on the call. Without any delay, I would like to invite Mr. Yash Sharma to start the opening comment. Post which we will move to Q&A. Thank you, and over to you, Yash. Yash Sharma: Thanks a lot, Manish, and good afternoon to everyone, and we welcome you to our earnings conference call for the first quarter of FY27. We would like to take you through our Q1 FY27 numbers, along with the key developments of our company. The first quarter of FY27 has been marked by a complex and rapidly evolving market environment. The global geopolitical developments, particularly the tensions in the Middle East resulted in a heightened volatility in the crude oil prices as well as the downstream polymer markets. This has had a significant impact on the broader polyester value chain, affecting the demand patterns, the pricing dynamics as well as the customer procurement decisions across several end use industries. Despite continued volatility in the external environment, I am pleased to say that the company has achieved another quarter of strong operational and financial results, and we are hopeful in maintaining the momentum going forward as well. At the consolidated level, the production reached 42,826 tons, up 3.8% quarter-on- quarter, driven by a strong performance from Warangal subsidiaries. However, a 11.2% drop in the sales volume offset these operational gains, resulting in a flatter top line. Despite this, the EBITDA we have achieved is INR59.8 crores and the bottom line of INR29.03 crores and have registered a sequential growth of 14.2% and 25.1%, respectively. EBITDA margins have improved consequentially to 14.1% from 12.4% Page 2 of 21 Ganesha Ecosphere Limited August 04, 2026 and the PAT margins have improved by 138 basis points. This is a tremendous improvement across all our financial matrices over the corresponding last quarter. In the standalone business, there is a slight impact on production volume though the sales volume down by 13.4% from Q4 FY26, which we also highlighted in the last con call. This was primarily due to the normalization of the elevated demand experienced in the previous quarter and softer demand from the textile sector. Higher fiber prices prompted downstream customers to defer purchases, which adversely impacted the volumes. Nevertheless, the improved realizations more than offset the decline in volume, resulting in a stronger financial outcome. EBITDA has increased by 13.7% sequentially to INR23.8 crores. Other income has declined to INR3.52 crores from INR9.86 crores due to the discontinuation of the interest income followed by the conversion of subsidiary loans into equity at the end of the last quarter. The decline in interest income resulting from the conversion of loans in the subsidiaries into equity weighed on the PAT despite higher standalone EBITDA. On Y-o-Y basis, revenue has increased by 18.4% and EBITDA has increased by 155.9%. Net profits are up by 79.4%. Pending FSSAI approval for food-grade applications, the 22,500 TPA rPET granules facility at Warangal, has already commenced production and is currently catering to the export markets as well as the domestic non-food applications. Another production line of 22,500 metric tons is underway. With these expansions, company's operating leverage is going to improve substantially and thereby enhancing our ability to sustain and even potentially improve the operating margins. Global uncertainty seems to have absorbed by the broader market and the demand of fiber is also now reviving quite well. Going forward, we think the standalone, which is textile business as well as the subsidiary businesses are going well and are quite well on track. This reinforces our confidence in achieving the targets and guidance shared during our previous calls. Alongside the ongoing brownfield expansions, the company is actively evaluating and planning the future expansion opportunities to sustain our long-term growth trajectory as well. With this, I open the floor for the questions which you may have. Thank you. Moderator: Thank you. We will now begin with the question and answer session. The first question is from the line of Dheeraj Ram from 360 ONE Capital. Page 3 of 21 Ganesha Ecosphere Limited August 04, 2026 Dheeraj Ram: Congratulation for a great results. So a series of questions, sir, do you expect this subsidiary business, which has significantly... Gopal Agarwal: Your voice is not clear. It is very, very low. Dheeraj Ram: Can you hear me, sir? Can you hear me now? Gopal Agarwal: Yes, yes, we can hear, yes. Dheeraj Ram: So a series of questions, sir, do you feel this EBITDA per kg improvement that you have seen in 1Q is going to sustain for FY27? Can we expect an EBITDA per kg around 22 plus? Gopal Agarwal: Yes. So Dheeraj, as we already commented with the expansion of brownfield capacity in Warangal, our operating leverage are going to improve substantially. And so we are quite hopeful to maintain the EBITDA margins which we have achieved going forward also. Dheeraj Ram: Okay. And since we are putting up a capacity of 1 lakh tons, which is an additional 60,000-odd tons. So do you see any demand softening or do you expect any softer demand post-commissioning? Or do you feel that the capacities are already booked? How is the customer response to this? Yash Sharma: Yes. So see, as of today, we don't see any demand issues as such. To be honest, we have a very good optimism in the market regarding offtake of our rPET material. Since the mandate of the government is now there, [Showing first 8,000 characters — download PDF for full document]