GHCL Ltd (GHCL) Q4FY26 Management Mirror - Mar-2026 Qtr
Bromine & Vacuum Salt Projects
Management pushed the expected full commissioning timeline to Jun'26, delayed from prior targets of late Mar'26 (Dec'25 Qtr) and early Mar'26 (Sep'25 Qtr). Revenue for the fiscal year ending Mar'27 is estimated at ~INR 120 crores, peaking at INR 170 crores, with projected EBITDA margins of 40% to 45% (margins reaffirmed since Sep'25 Qtr). Management will evaluate further capacity expansions once operations stabilize, noting previously that Phase-2 would take at least four years (Dec'25 Qtr). [Status: Downgraded]
3 more themes on the ELITE plan.