Ganesh Benzoplast profit surges 93%. It's opening a Singapore outpost.
The logistics and EPC firm's full-year net profit jumped to ₹733 million, and its board just greenlit a wholly owned subsidiary in Singapore to chase new business.
— 1 earlier story on Ganesh Benzoplast Ltd. →What's new
- Consolidated net profit jumped 93% to ₹733.4 million on revenue of ₹4.11 billion.
- Board approved forming a wholly owned subsidiary in Singapore, pending regulatory approvals.
- The LST division (EPC and wharfage) revenue rose to ₹2,389.1 million from ₹2,004.8 million.
Why this matters
A 93% profit jump is the headline. But for a micro-cap, the Singapore subsidiary is the more interesting signal. It's a bet on regional expansion that goes beyond the backward-looking results. The clean audit opinion leaves no governance drag.
What we're watching
- Whether Singapore regulatory approvals are secured and what business the subsidiary pursues.
- Whether the strong profit growth sustains into Q1 FY27.
- How the LST division's margin profile shapes the consolidated picture.
The full read
Ganesh Benzoplast's full-year results are strong. Consolidated net profit jumped 93% to ₹733.4 million on revenue of ₹4.11 billion. Standalone profit doubled to ₹613.29 million. The core growth driver was the LST division (EPC and wharfage services), which posted revenue of ₹2,389.1 million, up from ₹2,004.8 million and now representing about 58% of the consolidated top line. The auditors gave it a clean opinion. But the bigger move is strategic. The board just approved a wholly owned subsidiary in Singapore, still pending approvals, to chase new business in the region. For a micro-cap, that's a meaningful expansion push. It's the opposite of a routine earnings release.
Questions answered
- What drove the 93% profit jump?
- Revenue from operations rose to ₹4.11 billion from ₹3.74 billion. The LST division, covering EPC and wharfage, contributed ₹2,389.1 million, up from ₹2,004.8 million. Standalone profit grew to ₹613.29 million from ₹307.21 million.
- What is the Singapore subsidiary for?
- The board approved forming a wholly owned subsidiary in Singapore to pursue new business opportunities and serve customers in the region. It's still subject to statutory approvals in both India and Singapore.
- What did the auditors say?
- Statutory auditors issued an unmodified opinion on both the standalone and consolidated financial results, meaning a clean set of books.
- How big is the LST division relative to the whole company?
- LST division revenue of ₹2,389.1 million represents roughly 58% of the company's total ₹4.11 billion in consolidated revenue for the year.
Story so far
All notes on GANESHBE →- 27 May 2026 · 3:44 PM IST Ganesh Benzoplast profit surges 93%. It's opening a Singapore outpost.
- today Ganesh Benzoplast cuts margin guidance, flags higher JNPT lease costs