Ellen.Indl.Gas
Ellen.Indl.Gas Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
3 of 4 strong
Not discussed on this call: fundraise.
The short version
Revenue growth driven by ramp-up of recently commissioned plants like Kurnool, Uluberia 2, and East India on-site plant (320 TPD). Ellenbarrie Industrial Gases Ltd reported strong Q1 FY27 with 21% YoY EBITDA growth and 87% YoY PAT growth, signaling positive momentum.
From Ellen.Indl.Gas's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Revenue growth driven by ramp-up of recently commissioned plants like Kurnool, Uluberia 2, and East India on-site plant (320 TPD).
- Focus on improving utilization rates to reach 80-90% capacity for steady growth.
- Expansion of merchant plants planned in North India and West Central India adding approximately 450-500 TPD capacity.
- Target balanced growth between merchant and on-site plants to capture new and existing market demand.
- Anticipate contribution from new onsite plants to start in Q2 FY27.
- Continued investments totaling ₹450 crore in FY27 and FY28 aimed at strengthening presence across key industrial clusters.
- Expect steady volume growth supported by robust inquiry pipeline across industries including steel and emerging sectors.
- Cost efficiencies and energy-efficient plant operations to support margin protection amid expansion.
- Maintaining EBITDA margin guidance of around 40% with gradual capacity scaling and operational leverage.
Profitability & Margins
See what Ellen.Indl.Gas said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY27 Capex guidance: INR 250 crore; FY28 Capex guidance: INR 200 crore; total INR 450 crore over two years.
- Investment focused on two new merchant plants: one in North India and one in West Central India.
- North India merchant plant (220 TPD) is under construction; West Central India plant construction has started.
- Combined capacity of these two plants will be approximately 450-500 tons per day.
- Capex driven by opportunities with strong customer visibility, attractive returns, and long-term strategic value.
- Continued investment in growth opportunities to build a broader pan-India platform.
- Focus on capacity expansion in merchant plants and on-site plants, including ramping up the East India 320 TPD on-site plant, expected revenue contribution from Q2 FY27.
- Strategic evaluation ongoing for ESG gases setup at Western site, but no concrete plans confirmed yet.
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Ellen.Indl.Gas said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The company has a very robust pipeline of inquiries for on-site plants, indicating strong pending orders across multiple customers.
- There are multiple inquiries for on-site plants that Ellenbarrie Industrial Gases Ltd is currently working on.
- No specific orders for additional ASUs from the Jay Balaji industry customer in FY27 or FY28, as ASU orders are typically long-term and not frequent within a single year.
- Merchant plants expansion plans include two plants in North India and West Central India with a combined capacity of approximately 450-500 TPD.
- The East India onsite plant is under commissioning and expected to start generating revenue in Q2 FY27.
- The company will notify stock exchanges as and when any new contracts are signed.
Ellen.Indl.Gas — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹87 Cr, net profit ₹23 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Ellenbarrie Industrial Gases Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Ellen.Indl.Gas Q1 FY27 results?
Revenue growth driven by ramp-up of recently commissioned plants like Kurnool, Uluberia 2, and East India on-site plant (320 TPD). Ellenbarrie Industrial Gases Ltd reported strong Q1 FY27 with 21% YoY EBITDA growth and 87% YoY PAT growth, signaling positive momentum.
What is Ellen.Indl.Gas share price analysis?
Ellen.Indl.Gas currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 38.4 with a market cap of ₹4,630 Cr. Investors should review the full earnings analysis for detailed insights.
Is Ellen.Indl.Gas planning capital expenditure?
FY27 Capex guidance: INR 250 crore; FY28 Capex guidance: INR 200 crore; total INR 450 crore over two years.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.