Dear Sir/Ma''am, Pursuant to Regulation 30 & Regulation 33 read with Schedule III of the Securities and Exchange Board of India (Listing and Obligations and Disclosures Requirements) ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gujarat Credit Corporation reported a standalone net loss of Rs 8.49 lacs in Q2 FY26, reversing a small profit of Rs 0.88 lacs in Q2 FY25. The company had zero revenue from operations and zero other income for the quarter, with total expenses of Rs 8.49 lacs. For the half year (H1 FY26), standalone net loss widened to Rs 17.55 lacs versus a loss of Rs 6.42 lacs in H1 FY25. On a consolidated basis, the loss was deeper at Rs 40.65 lacs for H1 FY26 (vs Rs 36.69 lacs loss in H1 FY25), pulled down by a Rs 23.10 lacs share of losses from its associate, GCCL Infrastructure & Projects Limited. Operating cash flow was sharply negative at Rs (449.76) lacs for the half year, mainly due to a Rs 435 lacs reduction in other financial liabilities. Long-term borrowings rose to Rs 1,711.22 lacs (from Rs 1,243.72 lacs at March 2025), taking the debt-to-equity ratio to roughly 1.38x. The statutory auditor (Sorab S. Engineer & Co.) issued an unqualified review report on both standalone and consolidated results.
Negative for shareholders: the company continues to bleed cash with no operating revenue, widening losses, and rising debt, although the auditor's clean opinion limits immediate governance concerns. The stock may remain under pressure given the deteriorating fundamentals and dependence on borrowings to fund operations.