Ganesh Green Bharat Limited has reported its strongest-ever financial performance for the financial year ended March 31, 2026, with consolidated revenue crossing the ₹1,000 crore milestone for the first time, driven by rapid growth in solar module manufacturing and large-scale EPC and SITC project execution.
The company announced that its Board of Directors approved the audited standalone and consolidated financial results for FY26 during a meeting held on May 21, 2026. The audit reports issued by M/s D.G. Patel & Co., Chartered Accountants, carried an unmodified opinion.
For FY26, consolidated revenue from operations surged 231.8% year-on-year to ₹1,067.60 crore compared to ₹321.76 crore in FY25. Net sales increased 235.2% to ₹1,064.27 crore.
EBITDA more than doubled to ₹113.58 crore, registering 122% growth over the previous year, while Profit Before Tax (PBT) rose 136.9% to ₹98.26 crore.
Profit After Tax (PAT) climbed 148.8% year-on-year to ₹75.18 crore compared to ₹30.22 crore in FY25, while Earnings Per Share (EPS) increased 130.7% to ₹30.31.
The company stated that the strong growth was supported by accelerated execution of solar module manufacturing operations and large-scale Supply, Installation, Testing and Commissioning (SITC) contracts.
During FY26, Ganesh Green Bharat Limited also strengthened its balance sheet, with net worth increasing to ₹280.31 crore while long-term borrowings reduced to ₹9.16 crore. Total assets expanded to ₹487.90 crore, and the company reported positive operating cash flow of ₹20.95 crore, compared to an outflow in the previous financial year.
The second half of FY26 witnessed particularly strong momentum, with revenue from operations rising nearly four-fold year-on-year to ₹725.22 crore, supported by increased order execution and scaling of module manufacturing and EPC deliveries.
Looking ahead, the company expects FY27 revenue to range between ₹1,500 crore and ₹1,700 crore, implying projected year-on-year growth of 40% to 59%.
Ganesh Green Bharat Limited said its current order book stands at approximately ₹700 crore, providing near-term revenue visibility, while the company has participated in tenders worth over ₹3,000 crore and plans to bid for additional projects valued at around ₹1,000 crore in the coming months.
Management noted that FY26 margins were impacted by global geopolitical uncertainties, exchange-rate volatility, rising raw material costs, and a higher share of manufacturing business, where margins are structurally lower. However, the company said it remains focused on improving operational efficiency, optimizing costs, and enhancing product mix to strengthen profitability.
Commenting on the performance, Ketanbhai N. Patel, Managing Director of Ganesh Green Bharat Limited, said FY26 marked a transformational year for the company, reflecting strong demand generated by India’s accelerating renewable energy transition and growing domestic solar manufacturing ecosystem.
The company operates across multiple business verticals including solar PV module manufacturing, solar EPC services, electrical contracting, and water supply infrastructure projects, with operations spanning around 14 Indian states.
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