GULSHAN POLYOLS LIMITED

Gulshan Polyols Limited held its Q1 FY27 earnings conference call on August 7, 2026, where management reported a strong start to the year, emphasizing a transition from investment-led growth to execution and cash generation. The company highlighted its ethanol business as a primary growth engine, with an installed capacity of approximately 26 crore liters per annum and a current order book of about 19 crore liters. Management noted favorable feedstock availability and government support for ethanol blending, which they believe creates a favorable demand environment. Financially, the company achieved a turnover of INR 646 crores, an 8% year-on-year increase, with EBITDA of INR 91 crores, reflecting a 135% growth. Management set a revenue goal of INR 2,600 crores for FY27, with contributions from ethanol, grain processing, and mineral chemical segments. They also discussed plans for future growth in specialty chemicals starting in FY28.

Management emphasized strong performance and growth potential across various business segments.