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GCM Capital Advisors Q2 FY27 results: net loss widens to ₹0.82 crore, revenue down 47.5%
GCM Capital Advisors Ltd reported standalone revenue of ₹0.62 crore in Q2 FY27, down 47.5% from ₹1.18 crore in the year-ago quarter. The company reported an EBITDA loss of ₹0.67 crore, a net loss of ₹0.82 crore and basic EPS of -₹0.48, while total expenses rose 16.4% to ₹1.49 crore.
Key points
- Revenue was ₹0.62 crore in Q2 FY27, down ₹0.56 crore or 47.5% from ₹1.18 crore in Q2 FY26.
- EBITDA moved from a profit of ₹0.01 crore to a loss of ₹0.67 crore, while the margin fell 108.1 percentage points to -107.7%.
- The company reported a net loss of ₹0.82 crore, compared with a net loss of ₹0.06 crore in the year-ago quarter, and basic EPS was -₹0.48.
- Total expenses increased 16.4% from ₹1.28 crore to ₹1.49 crore, including other expenses of ₹1.05 crore.
- Total assets were ₹27.41 crore on 30 September 2026, while total equity was ₹24.44 crore and borrowings were ₹1.35 crore.
How did GCM Capital Advisors perform in Q2 FY27?
GCM Capital Advisors reported standalone revenue of ₹0.62 crore in Q2 FY27, down 47.5% from ₹1.18 crore in Q2 FY26. Total income fell from ₹1.20 crore to ₹0.62 crore, while other income was ₹0 crore against ₹0.02 crore. Total expenses rose 16.4% to ₹1.49 crore from ₹1.28 crore, taking EBITDA to a loss of ₹0.67 crore from a profit of ₹0.01 crore.
The EBITDA margin fell 108.1 percentage points to -107.7% from 0.4%. Profit before tax was a loss of ₹0.87 crore, compared with a loss of ₹0.08 crore, and the company reported a net loss of ₹0.82 crore against a net loss of ₹0.06 crore. Basic EPS was -₹0.48, compared with -₹0.03 in the year-ago quarter. The available results provide no previous-quarter comparison.
| ₹ crore | Q2 FY27 | Q2 FY26 | YoY |
|---|---|---|---|
| Revenue from operations | 0.62 | 1.18 | −47.5% |
| Other income | 0 | 0.02 | |
| Total expenses | 1.49 | 1.28 | +16.4% |
| EBITDA | −0.67 | 0.01 | turned to loss |
| EBITDA margin | -107.7% | 0.4% | −108.1 pp |
| Profit before tax | −0.87 | −0.08 | |
| Tax | −0.05 | −0.03 | |
| Net profit | −0.82 | −0.06 | |
| EPS (₹) | −0.48 | −0.03 |
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 GCM Capital Advisors' costs and profit?
Total expenses rose ₹0.21 crore to ₹1.49 crore from ₹1.28 crore in Q2 FY26. Other expenses increased ₹0.49 crore to ₹1.05 crore from ₹0.56 crore, depreciation rose ₹0.07 crore to ₹0.16 crore, employee cost increased ₹0.06 crore to ₹0.25 crore, and finance costs rose ₹0.02 crore to ₹0.04 crore. Cost of materials remained unchanged at ₹0 crore.
Other income fell by ₹0.02 crore to ₹0 crore from ₹0.02 crore. The company reported no exceptional item in either quarter. Tax was ₹0.05 crore in Q2 FY27 against ₹0.03 crore in Q2 FY26. The filing does not state the reasons for the increase in expenses or the decline in revenue; the figures show that higher expenses coincided with lower income.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.25 | 0.19 | +0.06 | +31.6% |
| Finance costs | 0.04 | 0.02 | +0.02 | +100.0% |
| Depreciation | 0.16 | 0.09 | +0.07 | +77.8% |
| Other expenses | 1.05 | 0.56 | +0.49 | +87.5% |
| Total expenses | 1.49 | 1.28 | +0.21 | +16.4% |
| Other income | 0 | 0.02 | −0.02 | |
| Tax | −0.05 | −0.03 | −0.02 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹27.41 crore, compared with ₹26.88 crore at 31 March 2026. Total equity fell to ₹24.44 crore from ₹25.26 crore, while borrowings rose to ₹1.35 crore from ₹0.80 crore. Cash and cash equivalents were ₹0.27 crore, compared with ₹0.34 crore; inventories rose to ₹0.08 crore from ₹0.07 crore, and trade payables were ₹0.80 crore against ₹0.79 crore.
H1 FY27 operating cash flow was ₹1.14 crore, compared with ₹0.07 crore in H1 FY26. Investing cash flow was ₹0.77 crore against -₹0.26 crore, and financing cash flow was -₹1.99 crore against -₹0.12 crore. Capital expenditure was ₹0.58 crore in H1 FY27, compared with ₹0.00 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 27.41 | 26.88 |
| Total equity | 24.44 | 25.26 |
| Borrowings | 1.35 | 0.80 |
| Cash and equivalents | 0.27 | 0.34 |
| Inventories | 0.08 | 0.07 |
| Trade receivables | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 1.14 | 0.07 |
| Cash from investing | 0.77 | −0.26 |
| Cash from financing | −1.99 | −0.12 |
| Capital expenditure | 0.58 | 0 |
Source: Company's results filing (XBRL).
How has GCM Capital Advisors done over the last 5 quarters?
Revenue declined across the reported quarters, from ₹1.36 crore in Q4 FY25 to ₹1.18 crore in Q2 FY26, ₹1.10 crore in Q4 FY26 and ₹0.62 crore in Q2 FY27. The highest revenue in the series was ₹1.36 crore in Q4 FY25, while the lowest was ₹0.62 crore in Q2 FY27. Profit remained negative from Q4 FY25 onward, moving from a loss of ₹0.40 crore to ₹0.06 crore in Q2 FY26, ₹0.31 crore in Q4 FY26 and ₹0.82 crore in Q2 FY27.
The EBITDA margin peaked at 48.7% in Q2 FY25, then fell to 5.2% in Q4 FY25 and 0.4% in Q2 FY26 before reaching -21.4% in Q4 FY26 and -107.7% in Q2 FY27. Revenue, profit and EBITDA margin were all lower in Q2 FY27 than in the preceding reported quarter.
What did the auditors point out?
The statutory auditors’ limited review report contained an Emphasis of Matter. The auditors stated that certain balances of trade receivables, trade payables, and loans and advances were subject to confirmation, reconciliation, and consequential adjustments, if any. The filing notes that the management does not expect material adjustments from such reconciliation or adjustment.
The auditors also highlighted investments in unlisted companies valued at INR 160.26 Lakhs as on 30 September 2026. These were measured at fair value using the latest available valuation reports as at 31 March 2025; the company was obtaining updated reports, and any resulting fair value adjustments would be recognised when received. The auditors said they had relied solely on management’s representation in this regard. The filing states there were no qualifications in the limited review report for the quarter and half year ended 30 September 2026.
How did other Other Financial Services companies do?
Among 20 Other Financial Services companies that had filed for the quarter, the median revenue growth was -6.3%. Six peers grew more slowly than GCM Capital Advisors, while 14 grew faster. Profit was higher at 20 of the 39 peers for which profit was compared.
| GCM Capital Advisors revenue growth (YoY) | −47.5% |
|---|---|
| Median of 20 other Other Financial Services companies | −6.3% |
| Companies with slower revenue growth than GCM Capital Advisors | 6 of 20 |
| Companies with faster revenue growth than GCM Capital Advisors | 14 of 20 |
| Companies whose net profit rose | 20 of 39 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was GCM Capital Advisors' revenue in Q2 FY27?
Revenue from operations was ₹0.62 crore, down 47.5% from ₹1.18 crore in Q2 FY26 (standalone).
Did GCM Capital Advisors make a profit in Q2 FY27?
No. It reported a net loss of ₹0.82 crore, against a net loss of ₹0.06 crore in Q2 FY26.
What was GCM Capital Advisors' EPS in Q2 FY27?
Basic loss per share was ₹0.48, against a loss of ₹0.03 in Q2 FY26.
When did GCM Capital Advisors announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Approval Of Unaudited Financial Results For HYE Sept 2026 (BSE, 12 October 2026) · PDF
- Board Meeting Intimation for Approval Of Unaudited Financial Results For HYE Sept 30, 2026 (BSE, 2 November 2026) · PDF
- Unaudited Financial Results For HYE Sept 30, 2026 (BSE, 5 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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