Gulshan Polyols Ltd
Gulshan Polyols Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Gulshan Polyols Limited targets approximately Rs. Revenue Growth: Targeting ~20% revenue growth in FY 2026 over FY 2025.
From Gulshan Polyols Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Gulshan Polyols Limited targets approximately Rs. 2,800 crores in revenue for FY 2027, based on 80%-90% capacity utilization across all divisions, subject to market conditions and OMC allocations.
- For FY 2026, the company anticipates a 20% revenue growth over FY 2025.
- Capacity utilization guidance for FY 2027 is 80%-90%, with an expected improvement of at least 20% capacity usage in FY 2026.
- The ethanol segment aims to produce up to 23 crore litres annually, contingent on allocation from OMCs.
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Profitability & Margins
See what Gulshan Polyols Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The transcript does not explicitly mention detailed current or future capex plans or specific strategic investments.
- However, it is noted that the company has ongoing investments related to plant operations, as two plants commenced production in 2023 and 2024.
- The company has received Production Linked Incentives (PLI) from the MP government (Rs. 14-15 crores expected) and the Assam government (about Rs. 5 crores expected), indicating government support for capacity expansion or modernization.
- There is mention of potential PLI receipts starting in the second half of the current financial year or the first half of the next, which may support future investments.
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Top-ranked in Agricultural Food & other Products
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
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Order Book & Pipeline
- Current allocation of ethanol received from OMCs for ESY 2025-2026 is 17.5 crore litres (Nov 2025 - Oct 2026).
- Company’s full capacity is about 23 crore litres, targeting 80%-90% capacity utilization in FY 2027, subject to OMC allocations.
- Received lower allocation in the current cycle, but expect to make up through additional tender cycles (C2, C3, C4) in the coming months.
- OMCs have not released their full requirement; approximately 200 crore litres more is expected to be tendered through additional cycles.
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Gulshan Polyols Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹542 Cr, net profit ₹16 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Gulshan Polyols Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Gulshan Polyols Ltd Q2 FY26 results?
Gulshan Polyols Limited targets approximately Rs. Revenue Growth: Targeting ~20% revenue growth in FY 2026 over FY 2025.
What is Gulshan Polyols Ltd share price analysis?
Gulshan Polyols Ltd currently shows a neutral. The stock trades at a P/E of 8.0 with a market cap of ₹1,173 Cr. Investors should review the full earnings analysis for detailed insights.
Is Gulshan Polyols Ltd planning capital expenditure?
The transcript does not explicitly mention detailed current or future capex plans or specific strategic investments. - However, it is noted that the company has ongoing investments related to plant operations, as two plants commenced production in 2023 and 2024. - The company has received Production Linked Incentives (PLI) from the MP government (Rs.
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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.