GCSLGretex Corporate Services Ltd.
Gretex Corporate Services Q2 FY27 Results: Standalone Net Profit ₹1.66 Crore on Total Income of ₹5.26 Crore
- Earnings
- merchant banking
Reviewed byKeshav SehgalBlacklitt Research
Gretex Corporate Services (NSE: GCSL) reported standalone total income of ₹5.26 crore and net profit of ₹1.66 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Consolidated quarter figures are not stated in the text read for this article.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹5.26 crore, down 63.2% YoY and up 4.0% QoQ
- Net profit and EPS: ₹1.66 crore, down 79.5% YoY and 21.0% QoQ; basic EPS ₹0.61
- Profit before tax: ₹2.26 crore, down 78.9% YoY and 22.6% QoQ
- Other income: ₹0.30 crore, 5.7% of total income
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 5.26 | 14.29 | -63.2% | 5.05 | +4.0% | |
| Revenue from operations | 4.96 | 13.91 | -64.3% | 4.81 | +3.1% |
| Other income | 0.30 | 0.38 | -22.3% | 0.24 | +23.4% |
| 1.66 | 8.10 | -79.5% | 2.10 | -21.0% | |
| Profit before tax | 2.26 | 10.73 | -78.9% | 2.92 | -22.6% |
| Finance costs | 0.05 | 0.06 | -17.2% | 0.05 | -10.3% |
| Depreciation | 0.28 | 0.30 | -7.7% | 0.28 | +0.5% |
| Tax expense | 0.60 | 2.63 | -77.2% | 0.82 | -26.9% |
| Net profit margin | 31.60% | 56.68% | -25.09 pp | 41.58% | -9.99 pp |
| EPS, basic (₹) | 0.61 | 3.58 | -83.0% | 0.89 | -31.5% |
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.
Standalone net profit fell 79.5% year on year, more than total income, which fell 63.2%.
Revenue from operations of ₹4.96 crore is down 64.3% from ₹13.91 crore a year earlier. Other income of ₹0.30 crore is 5.7% of total income and 13.1% of profit before tax.
The filing does not give a reason for the change in the rate.
The auditors' limited review report on the standalone results is not modified, and the quarter figures are the balancing figure between the half year and the quarter ended 30 Jun 2026.
Inference
During the half year, the company allotted 8,46,033 equity shares on 08 Aug 2026 on conversion of share warrants issued on a preferential basis at ₹358 per warrant. The standalone half-year cash flow shows proceeds from issue of share warrants of ₹40.18 crore and dividend paid of ₹1.69 crore.
The board approved the re-appointment of Arvind Harlalka as Whole Time Director and Alok Harlalka as Managing Director, each for five years from 01 Apr 2027, and of Rajiv Kumar Agarwal as Independent Director for a second term of five years from 16 May 2027. Shareholders must approve these through a postal ballot, with 06 Nov 2026 as the cut-off date for e-voting. The filing does not say why the terms were set as they were.
The filing does not say how the ₹40.18 crore of warrant proceeds will be used, and it gives no reason for the reclassification of inventories as investment in the consolidated cash flow.
Filed with BSE on . Reference: Original filing (PDF)
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