Gokul Agro Resources Q2 FY27 Results: Consolidated Net Profit ₹147 Crore on Total Income of ₹7,492 Crore
Earnings
Agro-based commodities
Blacklitt Research3 min read
Gokul Agro Resources said in a filing on 28 Oct 2026 that consolidated total income was ₹7,492.24 crore and consolidated net profit was ₹146.50 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹6,831.84 crore and standalone net profit was ₹129.29 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹7,492.24 crore, up 12.7% YoY and 41.5% QoQ
Net profit and EPS: ₹146.50 crore, up 44.6% YoY; basic EPS ₹4.95 against ₹3.43
Finance costs: ₹65.56 crore, up 54.9% YoY
Standalone
The company on its own, without its subsidiaries
Total income: ₹6,831.84 crore, up 12.8% YoY and 34.3% QoQ
Net profit and EPS: ₹129.29 crore, up 49.5% YoY; basic EPS ₹4.38 against ₹2.93
Finance costs: ₹57.49 crore, up 42.4% YoY
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
7,492.24
6,647.43
+12.7%
5,295.01
+41.5%
Revenue from operations
7,481.02
6,638.19
+12.7%
5,281.95
+41.6%
Other income
11.21
9.24
+21.4%
13.06
-14.1%
146.50
101.32
+44.6%
122.97
+19.1%
Profit before tax
195.37
138.75
+40.8%
158.32
+23.4%
Finance costs
65.56
42.33
+54.9%
44.20
+48.3%
Depreciation
15.02
14.31
+5.0%
14.48
+3.7%
Tax expense
48.87
37.43
+30.5%
35.35
+38.2%
Net profit margin
1.96%
1.52%
+0.43 pp
2.32%
-0.37 pp
EPS, basic (₹)
4.95
3.43
+44.3%
4.16
+19.0%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew faster than total income. Net profit rose 44.6% YoY, against 12.7% for total income, and profit before tax rose 40.8%. Tax expense rose 30.5% to ₹48.87 crore.
Finance costs rose 54.9% YoY to ₹65.56 crore and 48.3% QoQ. Finance costs are 0.9% of total income this quarter.
Revenue from operations rose 12.7% YoY to ₹7,481.02 crore, while other income rose 21.4% to ₹11.21 crore. Other income is 0.1% of total income this quarter.
On the balance sheet at 30 Sep 2026, inventories were ₹4,391.92 crore against ₹2,322.61 crore at 31 Mar 2026, and trade receivables were ₹748.65 crore against ₹591.63 crore. Trade credits from banks and financial institutions were ₹866.79 crore against ₹135.02 crore.
The auditors did not review the interim results of two subsidiaries, two step-down subsidiaries and one associate. Those results were certified by management, and they reflect total assets of ₹846.40 crore. The auditors' conclusion is not modified in respect of that reliance.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
6,831.84
6,057.87
+12.8%
5,086.27
+34.3%
Revenue from operations
6,821.25
6,049.16
+12.8%
5,074.11
+34.4%
Other income
10.59
8.71
+21.5%
12.16
-13.0%
129.29
86.48
+49.5%
102.58
+26.0%
Profit before tax
173.26
120.75
+43.5%
135.00
+28.3%
Finance costs
57.49
40.38
+42.4%
41.38
+38.9%
Depreciation
15.00
14.31
+4.8%
14.47
+3.7%
Tax expense
43.98
34.28
+28.3%
32.42
+35.6%
Net profit margin
1.89%
1.43%
+0.46 pp
2.02%
-0.12 pp
EPS, basic (₹)
4.38
2.93
+49.5%
3.48
+25.9%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew faster than total income here too. Standalone net profit rose 49.5% YoY, against 12.8% for total income, and 26.0% QoQ, against 34.3% for total income.
Standalone profit before tax rose 43.5% YoY to ₹173.26 crore, and tax expense rose 28.3% to ₹43.98 crore. Finance costs rose 42.4% YoY to ₹57.49 crore, and other income is 0.2% of total income this quarter.
The standalone auditors' review report states that nothing has come to their attention that causes them to believe the statement has not disclosed the information required under Regulation 33.
Inference
The board approved an additional solar power project of 14 MWp at a total capital outlay of ₹38 crore plus applicable taxes, to be added within 12 months and financed through internal accruals. The filing lists energy reliability and sustainability (ESG) goals and power cost saving as the rationale. The company's existing solar capacity is 28.79 MWp, at 100% utilization.
The board also noted that the Nomination and Remuneration Committee granted 8,47,800 stock options under the Gokul-Employee Stock Option Plan 2025 at an exercise price of ₹50 per option.
The filing does not say why inventories or trade credits from banks and financial institutions rose over the half year, and it does not state a dividend, the effective tax rate or the reason for the change in the share of associates' profit.
Create a free account to read the rest of this article and the analysis that follows.
By continuing you agree to our Terms and Privacy Policy, and to receive updates from Blacklitt by email. You can unsubscribe anytime.
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
GOKULAGROGokul Agro Resources Ltd.
