Q2 2026 Godavari Biorefineries Ltd Earnings Call Transcript
Key Points
- Godavari Biorefineries Ltd (NSE:GODAVARIB) reported a 34% year-on-year growth in revenue from operations for Q2 FY26, indicating a strong topline rebound.
- The company's biobased chemicals portfolio posted a 60% jump in segment EBITDA, driven by better realization and an increased share of specialty crops.
- Ethanol moved back to positive territory with an EBITDA of INR4.7 crores in Q2 from a loss of INR2.9 crores a year earlier, reflecting improved blending economics.
- The company is on track to commission a 200-kilo liters per day fungible grain-based distillery in Q4 FY26, enhancing its ethanol production capacity.
- Godavari Biorefineries Ltd (NSE:GODAVARIB) launched a pilot project to convert CO2 emissions into dimethyl ether, showcasing its commitment to sustainability and clean energy solutions.
- The company reported an EBITDA loss of INR4.4 crores in Q2 FY26, although this was an improvement from a loss of INR31.5 crores in Q2 FY25.
- There is a countervailing risk due to the lack of revision in ethanol procurement prices by oil marketing companies, which could impact profitability.
- The company faces challenges in integrating dimethyl ether into existing LPG or diesel ecosystems, which may pose practical hurdles.
- Exceptional items related to retrospective harvesting and transport charges have been accounted for, which may signal higher operating costs if competition persists.
- The company has not yet received a price increase for ethanol, despite increased cane prices, which could affect margins.
Ladies and gentlemen, good day and welcome to Godavari Biorefineries Limited Q2 and H1 FY26 earning conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Prachi Ambre from MUFG Investor Relations Team. Thank you and over to you, Ms. Prachi.
Good morning everyone and welcome to Godavari Biorefineries Limited Q2 and H1 FY26 earnings conference call. Today on the call, we have Mr. Samir Somaiya, Chairman and Managing Director; and Mr. Ashish Sinha, Assistant General Manager, Investor Relations and Finance to provide insights on the operational and financial performance.
Before we begin the call, I would like to give a short disclaimer. This call may contain some of the forward-looking statements, which are completely based upon our beliefs and expectations as of today. The statements are not a guarantee of our future performance and involve unforeseen risks and uncertainties.
With this, I
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