Meeting Details

The 52nd Annual General Meeting was held on Saturday, September 26, 2026. The meeting was conducted physically, and the statements were delivered to shareholders during this event.

Financial and Operational Performance Highlights

  • FY26 revenue from operations stood at ₹3,416 million compared to ₹3,125 million in FY25, representing 9% growth
  • Core gases business revenue grew approximately 14% YoY to ₹3,340 million
  • EBITDA for FY26 was ₹1,166 million with reported EBITDA margin of approximately 34%
  • Profit after tax increased by approximately 25% to ₹1,044 million
  • Gases segment delivered segment result margin of approximately 38.4% for FY26
  • Q1FY27 revenue increased 18% YoY to ₹987 million with EBITDA of ₹387 million (39% margin) and PAT of ₹350 million

Capacity Expansion and Projects

  • Commissioned 220 tonnes-per-day Uluberia 2 merchant facility in West Bengal during FY26
  • Kurnool facility in South India continued ramping up operations
  • Commissioned 325 tonnes-per-day on-site facility in East India (commissioned September 25, 2026)
  • North India and Central India merchant projects under development
  • Total owned bulk and on-site capacity stood at 1,609 tonnes per day as of March 31, 2026
  • Acquired Truair cylinder-filling facility in Bengaluru to strengthen distribution

Capital Allocation and Financial Position

  • Post-IPO balance sheet strength with investible capital including cash and equivalents of approximately ₹4,694 million as of March 31, 2026
  • Disclosed capital expenditure programme: ₹2,500 million for FY27 and ₹2,000 million for FY28
  • Invested ₹70.8 million for 26% interest in Pattikonda Renewables Private Limited
  • Entered 25-year power purchase arrangement for 6-megawatt wind-solar hybrid project in Andhra Pradesh

Strategic Direction and Market Outlook

  • Focus on geographic expansion into North and West/Central India to become pan-India player
  • Targeting growth in higher-value applications including solar manufacturing, electronics, and specialty gases
  • Emphasis on building integrated production and distribution network
  • Priority on organic investments with disciplined capital allocation focusing on project returns
  • Maintaining focus on energy efficiency and renewable power sourcing

Compliance and Governance

  • Statements delivered at AGM and disseminated through stock exchanges
  • Company website disclosure at https://ellenbarrie.com/
  • Signed by Aditya Keshri, Company Secretary and Compliance Officer (Membership No.: A73390)
  • Digital signature timestamp: September 26, 2026 15:51:53 +05:30