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Ganesh Green Bharat Ltd

Q2 FY26Electrical Equipment

Ganesh Green Bharat Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹238
Market cap₹633 Cr
P/E8.4
Updated23 Aug 2026
Read4 min read

The short version

Target to double turnover and profit every year, maintaining aggressive growth goals. Ganesh Green Bharat aims to double its profit and turnover every year as a consistent target (Page 4, 11).

From Ganesh Green Bharat Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Target to double turnover and profit every year, maintaining aggressive growth goals.
  • H1 FY '26 revenue at INR342 crores, showing 145% YoY growth; strong order book INR976 crores provides visibility.
  • Expect significant improvement in manufacturing utilization from current 69% to nearly 85-90% in FY '26, boosting operational performance.
  • Expansion in EPC business, especially focusing on transmission lines, substations, and water supply projects; 50% of output to be retained and 50% sold in the market.
  • BESS (Battery Energy Storage Systems) revenue targeted around INR500-600 crores next year, with participation in large tenders underway.
  • Capacity expansion to 2 gigawatt solar module manufacturing by FY '26 intended, enhancing volume capabilities.

2 more points from Ganesh Green Bharat Ltd's call on revenue

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Profitability & Margins

See what Ganesh Green Bharat Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • BESS (Battery Energy Storage System): Targeting INR 500-600 crores revenue next year. Currently participating in tenders (~INR 1000 crores). Initially focusing on EPC work before moving to manufacturing. Manufacturing expected to start after government support, potentially by January 2028.
  • Solar Module Capacity Expansion: Increased from 750 MW to 1.1 GW; targeting utilization rise from 69% to 85-90% within FY '26. Planning to reach 2 GW+ solar module capacity by FY '26.
  • Cell Manufacturing: Planned to start by January 2028, contingent on government support for local manufacturing.

2 more points from Ganesh Green Bharat Ltd's call on capex

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Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

Guidance-ranked
1Waaree Energies Ltd
Rev 1Mar 1
2MTAR Technologies Ltd
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 2
5
Rev 1Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • As of H1 FY '26, Ganesh Green Bharat Limited has an order book of INR 976 crores.
  • Only 35% of the current order book has been executed in H1.
  • The company expects to execute 60-65% of the order book in the second half (H2) of the financial year.
  • They typically maintain an order book of 6-7 months’ worth of work to manage price fluctuations and working capital risks.
  • Ganesh Green Bharat has participated in tenders worth INR 1500 to INR 2000 crores beyond the current order book.

2 more points from Ganesh Green Bharat Ltd's call on order book

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What Ganesh Green Bharat Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Ganesh Green Bharat Ltd Q2 FY26 results?

Target to double turnover and profit every year, maintaining aggressive growth goals. Ganesh Green Bharat aims to double its profit and turnover every year as a consistent target (Page 4, 11).

What is Ganesh Green Bharat Ltd share price analysis?

Ganesh Green Bharat Ltd currently shows a neutral. The stock trades at a P/E of 8.4 with a market cap of ₹633 Cr. Investors should review the full earnings analysis for detailed insights.

Is Ganesh Green Bharat Ltd planning capital expenditure?

BESS (Battery Energy Storage System): Targeting INR 500-600 crores revenue next year.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.