Shree Ganesh Remedies Ltd
P&L
Quarterly Standalone
vs Q3 FY26
Shree Ganesh Remedies FY26 Revenue Up 1% YoY at ₹109.29 Cr
15 May 2026 · 15 May, 12:51 pm
Summary
Shree Ganesh Remedies Limited announced its financial results for Q4 and the full fiscal year 2026, which the company designated as a year of consolidation. Q4FY26 revenue from operations grew robustly by 36% year-on-year to ₹33.20 crore, though full-year FY26 revenue saw a modest 1% increase to ₹109.29 crore. Profitability for the year was impacted, with FY26 PAT declining by 23% to ₹17.77 crore and EBITDA margin narrowing to 32.0%. Management highlighted the strengthening of the business's structural and fundamental aspects, successful pilot trials for CRAMS projects, and the Block 7 capacity expansion progressing on schedule for Q2FY27 commercial production, expressing confidence in delivering improving growth and profitability in the coming years.
Key Highlights
- 1
Shree Ganesh Remedies Limited reported a 36% year-on-year growth in revenue from operations for Q4FY26, reaching ₹33.20 crore.
- 2
For the full fiscal year FY26, revenue from operations showed a modest 1% year-on-year increase, totaling ₹109.29 crore.
- 3
Q4FY26 EBITDA grew by 15% year-on-year to ₹11.37 crore, with the EBITDA margin standing at 34.3%, despite a 616 basis points year-on-year contraction.
- 4
Profit after tax (PAT) for Q4FY26 decreased by 5% to ₹6.27 crore, while full-year FY26 PAT saw a more significant decline of 23% to ₹17.77 crore.
- 5
The company successfully completed pilot trials for its CRAMS engagements across agrochemicals, pharmaceuticals, and electronic applications during Q4FY26, with plans to move to commercial trials.
- 6
The Block 7 expansion programme remains firmly on track, with commercial production anticipated to commence from Q2FY27, poised to support the pipeline of niche, application-led molecules.
Management Comments
Gunjan Kothia
As guided through the course of the year, FY26 was envisaged as a year of consolidation for the Company, and the results of the year reflect that. Whilst the headline financial performance does not show significant growth, the business has become structurally and fundamentally stronger, and is now well placed for healthy growth in the years ahead. We have utilised the year gone by to deepen the foundations of the business, securing critical approvals, advancing work on newer and more innovative molecules, and meaningfully building up both our capabilities and capacities. I am please to report that we are making strong progress on our CRAMS engagements across agrochemicals, pharmaceuticals and electronic applications, with active projects spanning Europe and Japan. We have achieved significant milestones on these mandates, and I am delighted to share that the pilot trials for these projects have been successfully completed during Q4FY26. We will now move into the commercial trial phase, and subject to the requisite customer and regulatory approvals, we expect to commence commercial production of these molecules thereafter. This represents an important inflection point for our specialty and contract manufacturing platform. On the capacity front, our Block 7 expansion programme remains firmly on track, and we now expect commercial production to commence from Q2FY27. This additional capacity is being purposefully built to support our pipeline of niche, application-led molecules and will play a meaningful role in driving the next phase of growth. The broader operating environment has, admittedly, continued to remain challenging. The slowdown in Europe has persisted, the ongoing war situation has introduced further uncertainty, raw material markets have witnessed considerable volatility, and a number of customers have deferred purchases amidst this backdrop. Against these headwinds, I believe our performance reflects a measure of resilience. We have remained steadfast in our strategic focus on building a robust platform, concentrating on niche applications where competitive intensity is limited and where the runway for differentiated growth is meaningful. Whilst this path may appear measured in pace, we firmly believe it is the right approach to create a more sustainable and profitable business over the long term. Looking ahead, we remain confident and well prepared to deliver improving growth and profitability in the coming years. With the pilot facility now fully operational, Block 7 nearing commissioning, our CRAMS projects moving from pilot to commercial stage, and a stronger product development pipeline, the Company is poised for growth.
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