“This Solar Company Grew 87% But Lost Its Margin – Is Ganesh Green the Next Big Power Play or Just PV PR?”

⚡ At a Glance

Ganesh Green Bharat Ltd (GGBL) just posted a scorching 87% jump in FY25 revenue — but with a bittersweet aftertaste: EBITDA margins dropped over 500 bps. From ₹17,017 lakh to ₹31,801 lakh, GGBL’s growth story is real, but so is the hit on profitability. What’s cooking? Hint: strategic pivot to solar module sales. 🍳🔋

☀️ About the Company

GGBL is a renewable energy player with a dual focus on:

• EPC projects (Engineering, Procurement, Construction)
• Solar PV module manufacturing

But FY25 marked a shift: Modules now make up 70% of revenue — a deliberate pivot for stability and scale.

👨💼 Key Management

• Chairman & MD: Ketanbhai Narsinhbhai Patel
  The solar-powered captain behind the company’s transformation. Also doubles up as the chief hype-man in investor calls.

📊 FY25 Financials (₹ in Lakhs)