Gulshan Polyols FY26 Revenue Up 14% to ₹2,312 Cr

• Gulshan Polyols reported FY26 revenue of ₹2,312 crores, a 14% YoY increase, with EBITDA surging 131% to ₹232 crores.
• Ethanol segment was the primary growth driver, with revenue up 36% to ₹1,609 crores and EBITDA margin expanding to 12%.
• The company received ₹21.8 crores in incentives from MPIDC and is eligible for additional state incentives on new plants.
• Management targets FY27 revenue of ₹2,600-2,800 crores with 80-90% capacity utilization and a focus on cash generation.