Gita Renewable Energy Q2 FY27 results: net loss narrows to ₹0.07 crore

How did Gita Renewable Energy perform in Q2 FY27?

Gita Renewable Energy reported standalone revenue from operations of ₹0 crore in Q2 FY27, unchanged from Q2 FY26 and Q1 FY27. Other income was ₹00.01 crore, taking total income to ₹0.01 crore. The company reported an EBITDA loss of ₹0.07 crore, a net loss of ₹0.07 crore, and basic EPS of ₹0.17 for the quarter ended 30 September 2026.

Against Q2 FY26, the net loss was ₹0.09 crore and basic EPS was ₹0.22, while total expenses were ₹0.10 crore. Against Q1 FY27, the net loss was ₹0.07 crore, total expenses were ₹0.07 crore and basic EPS was ₹0.18. An EBITDA margin was not reported for the quarter, and no consolidated figures were given in the filing.

What changed in Gita Renewable Energy's costs and profit?

Total expenses in Q2 FY27 were ₹0.08 crore, down ₹0.02 crore or 20.0% from ₹0.10 crore in Q2 FY26. Employee benefits expense fell ₹0.01 crore or 33.3% to ₹0.02 crore, while other expenses fell ₹0.02 crore or 28.6% to ₹0.05 crore. Finance costs rose ₹0.01 crore to ₹0.01 crore, and cost of materials and depreciation were unchanged at ₹0 crore.

Other income was ₹0.01 crore in Q2 FY27, unchanged from Q2 FY26, and tax was unchanged. There was no exceptional item in the quarter. On the figures reported, the net loss was ₹0.07 crore against ₹0.09 crore a year earlier, a difference of ₹0.02 crore. The filing did not state the reasons for the change in finance costs.

How did the first half of FY27 go?

For the first half of FY27, revenue from operations was ₹0 crore and total income was ₹0.01 crore, unchanged from H1 FY26. The company reported a loss before tax of ₹0.15 crore and a net loss of ₹0.15 crore, against ₹0.16 crore on both measures in H1 FY26. Basic EPS was ₹0.35, compared with ₹0.40 in the first half of the previous year.

Total expenses for the half year were ₹0.15 crore against ₹0.17 crore in H1 FY26. The company operates under a single segment, generation of electricity from non-conventional sources, the filing said. The results for the quarter and half year ended 30 September 2026 were approved by the audit committee and board on 30 October 2026 and reviewed by the statutory auditors.

What do the balance sheet and cash flow show?

Total assets stood at ₹13.23 crore on 30 September 2026, against ₹13.46 crore at 31 March 2026. Total equity was ₹12.82 crore compared with ₹12.96 crore, and borrowings were ₹0 crore on both dates. Cash and cash equivalents fell to ₹0.04 crore from ₹0.22 crore, while trade payables declined to ₹0.40 crore from ₹0.49 crore.

For the first half of FY27, net cash flow from operating activities was negative ₹0.17 crore, against negative ₹0.12 crore in H1 FY26. Investing cash flow was ₹0 crore and financing cash flow was negative ₹0.01 crore. The company recorded no capital expenditure in either period.

How has Gita Renewable Energy done over the last 8 quarters?

Revenue peaked at ₹1.40 crore in Q3 FY25 and was ₹0 crore in each of the following quarters, including Q2 FY27. Profit after tax was lowest at negative ₹10.08 crore in Q3 FY25 and highest at ₹0.20 crore in Q4 FY26. Q2 FY27 reported a net loss of ₹0.07 crore.

The net loss stood at ₹0.07 crore in both Q1 FY27 and Q2 FY27, after negative ₹0.09 crore in Q2 FY26 and negative ₹0.06 crore in Q3 FY26. An EBITDA margin was not reported for any of the quarters from Q4 FY25 onwards, and no streak data was given.

How did Gita Renewable Energy shares react?

The filing was released on 30 October 2026 while the stock was in market. From the previous close of ₹66.97, the stock fell 0.3% on the reaction day to ₹66.80, and by the next day's close it was down 0.2% from the pre-results close. The Power Generation industry median fell 1.9% on the reaction day, so the stock outperformed the sector by 1.7 percentage points.

How did other Power Generation companies do?

Fourteen other Power Generation companies had filed for the quarter as of 4 November 2026. Their median revenue growth was 17.2%, while Gita Renewable Energy's revenue was unchanged from a year earlier. The number of these peers with revenue growth slower than the company was 14, and the number growing faster was 0.

Of the 14 peers for which profit was compared, 10 reported higher profit. Gita Renewable Energy reported a net loss of ₹0.07 crore in Q2 FY27, against a net loss of ₹0.09 crore in Q2 FY26.