Sept 2026 results: revenue down, Rs 128 crore pre-tax loss, review flags

Revenue declinedEBITDA margin compressionExceptional itemEmphasis of matterGoing-concern doubtDebt to equity above the thresholdResults View source PDF Explain this filing

GMRP&UI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.1%Reaction day

₹92.85

prior close

₹90.15

announcement price

After-mkt

timing

Nifty Microcap 250market+1.4%-1.6% vs market

Power Generation peers, median of 28sector+2.0%-2.1% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 2.1 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.2

10m

+2.2

15m

+2.8

30m

+3.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1+1.4-1.6+2.0-2.1

Next day

-1.0+1.7-2.7+1.8-2.8

+1.6+3.9-2.3+2.8-1.2

+0.2+5.1-4.8+5.2-4.9

-0.5pendingpending+4.2-4.8

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15d

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UpDownMarket · Nifty Microcap 250Sector · Power Generation peers, median of 28Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026. Standalone half-year revenue fell to Rs 104.74 crore from Rs 175.51 crore, EBITDA to Rs 38.94 crore from Rs 118.70 crore, and a Rs 128.16 crore pre-tax loss followed a Rs 49.31 crore exceptional charge. Review was unmodified but flagged GMR Energy values, a Rs 616.33 crore transmission dispute and going concern at GACEPL.

Likely market impact

Weak revenue and profit, plus open legal and valuation risks, point to pressure on the stock. Court and regulatory outcomes could move valuations.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹1,527 Cr	₹1,810 Cr	−15.6%
Operating profit	−₹109.0 Cr	−₹246.9 Cr	loss narrowed
Profit after tax	₹154.0 Cr	₹894.7 Cr	−82.8%
EBITDA margin	37.9%	76.6%	−38.7 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.