Ganesh Green Bharat Crosses ₹1,000 Crore Revenue Milestone in FY26, Projects 40% to 59% Growth for FY27

Ganesh Green Bharat Crosses ₹1,000 Crore Revenue Milestone in FY26, Projects 40% to 59% Growth for FY27​

Ahmedabad, May 22, 2026 — Ganesh Green Bharat Limited, an ISO 9001:2015, ISO 14001:2015 and BIS-certified company, announced its audited financial results for the half year and year ended March 31, 2026. The results mark a transformational year for the company, with consolidated revenue crossing the ₹1,000 crore milestone for the first time.

The company, which specializes in solar PV module manufacturing, solar systems and allied EPC services, electrical contracting, and water supply scheme projects, reported a record fiscal year, signaling strong momentum in the sector.

Financial Performance Summary: FY26 vs FY25​

The audited financial results show significant year-over-year growth across key metrics.

The following table summarizes the consolidated financial figures (₹ in Crores):

Strong Momentum in Second Half​

Performance accelerated sharply during the second half of the fiscal year. For the six months ended March 31, 2026, the revenue from operations was significantly higher compared to the prior year period, reflecting the ramp-up in order execution and the scale-up of solar module and SITC deliveries.

The key financial metrics for the second half demonstrate robust growth:

Year 2026 Highlights​

The company’s operational achievements in FY26 include:

• Revenue Milestone: Revenue from Operations more than tripled, rising 232% year-over-year to ₹1,067.60 crore, marking the first time the company crossed the ₹1,000 crore revenue milestone.
• Profit Growth: Profit After Tax (PAT) surged 149% year-over-year to ₹75.18 crore.
• EBITDA: EBITDA increased by 122% year-over-year, reaching ₹113.58 crore.
• Balance Sheet Strengthening: The balance sheet showed improvement, with net worth rising to ₹280.31 crore and long-term borrowings reduced to ₹9.16 crore.
• Cash Flow: The company achieved positive operating cash flow, reporting ₹20.95 crore in net cash from operations in FY26, a turnaround from an outflow in FY25.

Outlook and Guidance for FY27​

Based on the existing market activity, Ganesh Green Bharat Limited projects a robust outlook for the next fiscal year. The company expects FY27 revenue to fall within the range of ₹1,500 crore to ₹1,700 crore, implying an estimated 40% to 59% year-over-year growth over FY26.

The company confirmed strong visibility through its order book and pipeline:

• The current order book stands at approximately ₹700 crore, ensuring near-term revenue visibility.
• Additionally, the company has participated in tenders worth over ₹3,000 crore, generating confidence of securing substantial orders from these bids.

The Group’s diversified platform operates across four key verticals: solar PV module manufacturing, solar systems & allied EPC services, electrical contracting, and water supply scheme projects. These developments align with India’s renewable energy push and the Government’s domestic solar manufacturing incentives, providing strong sector tailwinds for sustained growth.

Managing Director Mr. Ketanbhai N. Patel stated that the FY26 performance reflects both the strength of India's solar energy transition and the trust placed in the company’s manufacturing and SITC capabilities. He reiterated the focus on expanding solar module manufacturing capacity and maintaining disciplined financial management to achieve sustainable growth.

GGBL Stock Price Movement​

Ganesh Green Bharat Limited shares today slipped by 5.60% to settle at ₹333, marking a notable decline in after-hours trading. The stock experienced a total traded volume of 184,200 shares, fueling the downward momentum witnessed throughout the session.