The shares of Textiles recycling stock, specializing in the manufacturing of Recycled Polyester Staple Fibre (RPSF), Spun yarn, and dyed texturized yarn, jumped upto 7 percent upon declaring Q3 results and generating Profit with a 133 percent rise Year on Year (YoY).
Price action
With a market capitalization of Rs. 4,379.07 crores on Monday, the shares of Ganesha Ecosphere Limited jumped upto 7 percent making a high of Rs. 1,923.85 per share compared to its previous closing price of Rs. 1,795.50 per share.
What Happened
Ganesha Ecosphere Limited specializing in the manufacturing of Recycled Polyester Staple Fibre (RPSF), Spun yarn, and dyed texturized yarn has announced its Q3FY25 results
Its Revenue from operations grew by 39.6 percent YoY from Rs. 285 Crores in Q3FY24 to Rs. 398 Crores in Q3FY25 and it grew by 2.8 percent QoQ from Rs. 387 Crores in Q2FY25 to Rs. 398 Crores in Q3FY25.
Its Net Profit grew by 133 percent YoY Rs. 12.7 Crores in Q3FY24 to Rs. 29.7 Crores in Q3FY25 and it rose by 9.5 percent QoQ from Rs. 27.1 Crores in Q2FY25 to Rs. 29.7Crores in Q3FY25.
Key Highlights of the Quarter
The company’s overall capacity utilization of rPET Granules lines and rPSF lines exceeded 75 percent and 90 percent, respectively. The EBITDA of the subsidiaries has surpassed that of the legacy business, and exports have risen to Rs. 45.5 crores, reflecting a 40 percent increase over Q2FY26, by continuously shifting the product mix now the share of yarn spinning of the company rPSF sale has decreased to 55 percent from 65 percent.
Company Overview
Ganesha Ecosphere Limited engaged in the manufacturing of Recycled Polyester Staple Fiber (RPSF), Dyed yarn, and Recycled Spun Yarn and recently ventured into rPET chips and rPET filament yarn.
They are one of the leading players in the PET plastic recycling space in India with a total installed capacity of 196,440 tons across products like RPSF, rPET granules, rPET filament yarn, Spun Yarn, dyed filament yarn, and PPSF.
Written by Sridhar J
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