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Gala Global Products Q2 FY27 results: net loss widens to ₹2.60 crore
Gala Global Products Ltd reported standalone revenue of ₹0 crore and a net loss of ₹2.60 crore for Q2 FY27, compared with revenue of ₹9.79 crore and a net loss of ₹0.26 crore in Q2 FY26. Total expenses were ₹2.61 crore, including finance costs of ₹2.34 crore, and basic EPS was ₹0.48. The results were filed with BSE on 3 November 2026 after market hours.
Key points
- Q2 FY27 standalone revenue was ₹0 crore, down ₹9.79 crore from Q2 FY26.
- The company reported a net loss of ₹2.60 crore in Q2 FY27, compared with a net loss of ₹0.26 crore in Q2 FY26.
- Q2 FY27 EBITDA was a loss of ₹0.24 crore, against a loss of ₹0.05 crore in Q2 FY26.
- Total expenses were ₹2.61 crore, with finance costs of ₹2.34 crore and other expenses of ₹0.20 crore.
- The board approved unaudited standalone results for the quarter and half year ended 30 September 2026; the statutory auditors carried out a limited review.
How did Gala Global Products perform in Q2 FY27?
Gala Global Products reported no standalone revenue in Q2 FY27, against ₹9.79 crore in Q2 FY26. EBITDA was a loss of ₹0.24 crore, compared with a loss of ₹0.05 crore in the year-ago quarter, while the EBITDA margin was unavailable for Q2 FY27. The company reported a net loss of ₹2.60 crore and basic EPS of ₹0.48; the corresponding year-ago net loss was ₹0.26 crore.
Against Q1 FY27, revenue was unchanged at ₹0 crore, while EBITDA loss increased from ₹0.15 crore to ₹0.24 crore. The net loss widened from ₹0.49 crore to ₹2.60 crore, and basic EPS fell from ₹0.09 to ₹0.48. The filed results were standalone; no consolidated figures were provided in the available facts.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 9.79 | ||
| Other income | 0 | 0 | 0 | ||
| Total expenses | 2.61 | 0.49 | 10.05 | −74.0% | +432.7% |
| EBITDA | −0.24 | −0.15 | −0.05 | ||
| Profit before tax | −2.61 | −0.49 | −0.26 | ||
| Tax | 0 | 0.01 | 0 | ||
| Net profit | −2.60 | −0.49 | −0.26 | ||
| EPS (₹) | −0.48 | −0.09 |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Gala Global Products' costs and profit?
Finance costs were the main expense line in Q2 FY27 at ₹2.34 crore, up ₹2.19 crore from ₹0.15 crore in Q2 FY26. Employee cost was ₹0.04 crore, up ₹0.03 crore, while other expenses were ₹0.20 crore, up ₹0.17 crore. Depreciation was ₹0.02 crore, down ₹0.04 crore, and cost of materials was ₹0 crore versus ₹9.80 crore.
Total expenses fell from ₹10.05 crore to ₹2.61 crore despite the higher finance costs, while other income remained unchanged and there was no exceptional item. The loss before tax was ₹2.61 crore, down ₹2.35 crore from Q2 FY26, and the net loss widened by ₹2.34 crore. The filing does not state a further reason for the finance-cost increase.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 9.80 | −9.80 | |
| Employee cost | 0.04 | 0.01 | +0.03 | +300.0% |
| Finance costs | 2.34 | 0.15 | +2.19 | +1460.0% |
| Depreciation | 0.02 | 0.06 | −0.04 | −66.7% |
| Other expenses | 0.20 | 0.03 | +0.17 | +566.7% |
| Total expenses | 2.61 | 10.05 | −7.44 | −74.0% |
| Other income | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, revenue was ₹0 crore, compared with ₹9.80 crore in H1 FY26. Loss before tax was ₹2.61 crore against ₹2.34 crore in H1 FY26, and the net loss was ₹2.60 crore compared with ₹2.34 crore. Basic EPS for H1 FY27 was ₹0.48; no EPS figure was provided for H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0 | 9.80 | |
| Profit before tax | −2.61 | −2.34 | |
| Net profit | −2.60 | −2.34 | |
| EPS (₹) | −0.48 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹87.36 crore, compared with ₹82.50 crore at 31 March 2026, and total equity was ₹27.84 crore compared with ₹30.93 crore. Borrowings were ₹35.04 crore against ₹32.34 crore, while cash was ₹0.02 crore against ₹0.01 crore. Trade receivables were ₹0.21 crore versus ₹0.13 crore, and trade payables were ₹0.04 crore versus ₹0.16 crore.
For H1 FY27, operating cash flow was ₹3.14 crore, compared with ₹0.20 crore in H1 FY26. Investing cash flow was negative ₹3.00 crore against ₹0.00 crore, financing cash flow was negative ₹0.14 crore against negative ₹0.20 crore, and capital expenditure was negative ₹0.37 crore against ₹0.00 crore. Closing cash for the year-to-date cash flow was not provided.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 87.36 | 82.50 |
| Total equity | 27.84 | 30.93 |
| Borrowings | 35.04 | 32.34 |
| Cash and equivalents | 0.02 | 0.01 |
| Inventories | 0 | 0 |
| Trade receivables | 0.21 | 0.13 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 3.14 | 0.20 |
| Cash from investing | −3 | 0 |
| Cash from financing | −0.14 | −0.20 |
| Capital expenditure | −0.37 | 0 |
Source: Company's results filing (XBRL).
How has Gala Global Products done over the last 8 quarters?
Revenue peaked at ₹19.44 crore in Q4 FY25 and fell to ₹0.01 crore in Q1 FY26, before recovering to ₹9.79 crore in Q2 FY26 and ₹8.55 crore in Q3 FY26. Revenue then returned to ₹0 crore in Q4 FY26 and remained at ₹0 crore in Q1 and Q2 FY27. The latest direction was therefore unchanged from the previous quarter, with no revenue recorded.
Profit before tax was a loss of ₹5.94 crore in Q4 FY25, improved to a loss of ₹2.07 crore in Q1 FY26, and was a loss of ₹0.26 crore in Q2 FY26. The loss then widened to ₹0.41 crore in Q3 FY26, ₹4.36 crore in Q4 FY26 and ₹0.49 crore in Q1 FY27 before reaching ₹2.60 crore in Q2 FY27. EBITDA margin peaked at 5.5% in Q3 FY25 and fell to negative 20.4% in Q4 FY25 and negative 18324.8% in Q1 FY26.
What else did the company announce?
The board approved the unaudited standalone financial results under Ind AS for the quarter and half year ended 30 September 2026 on 3 November 2026. The statutory auditors carried out a limited review of the results. The available same-day filings also reported that BSE had levied a fine of ₹56,640, including GST, for delayed submission of the annual report for the year ended 31 March 2026.
The company said the annual report had been submitted within the prescribed timeline but was uploaded under the wrong tab, causing the formal-submission delay; it also cited a login error on the BSE portal in a separate filing. The company said it was preparing an application to BSE seeking a waiver. No dividend, fund raise or appointment was included in the available same-day filings.
How did Gala Global Products shares react?
Past results-day reactions were mixed: the stock rose 5.6% on 1 July 2026 and 2.8% on 14 November 2025, while it fell 1.7% on 30 May 2026, 4.2% on 13 February 2026, 7.3% on 12 August 2025 and 0.9% on 30 May 2025. Earlier reactions included gains of 3.8% on 29 October 2024 and a fall of 0.3% on 14 August 2024.
| After the filing | Stock | Stationary median |
|---|---|---|
| Reaction day | +0.8% | +1.5% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 1 July 2026 | +5.6% |
| 30 May 2026 | −1.7% |
| 13 February 2026 | −4.2% |
| 14 November 2025 | +2.8% |
| 12 August 2025 | −7.3% |
| 30 May 2025 | −0.9% |
| 29 October 2024 | +3.8% |
| 14 August 2024 | −0.3% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Gala Global Products' revenue in Q2 FY27?
Revenue from operations was ₹0 crore, against ₹9.79 crore in Q2 FY26 (standalone).
Did Gala Global Products make a profit in Q2 FY27?
No. It reported a net loss of ₹2.60 crore, against a net loss of ₹0.26 crore in Q2 FY26.
What was Gala Global Products' EPS in Q2 FY27?
Basic loss per share was ₹0.48.
How did Gala Global Products shares react to the Q2 FY27 results?
On the reaction day the stock moved +0.8% from the previous close; the median Stationary stock moved +1.5%.
When did Gala Global Products announce its Q2 FY27 results?
On 3 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Board Meeting Intimation For Considering And Approving The Unaudited Standalone Financial Results Of The Company For The Quarter And Half Year Ended On 30Th September 2026. (BSE, 29 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting For Approval And Considering Unaudited Financial Results For Quarter And Half Year Ended On 30Th September, 2026. (BSE, 3 November 2026) · PDF
- Financial Results For 30Th September 2026 (BSE, 3 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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