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Globalspace Technologies Q2 FY27 results: net profit ₹1.15 crore vs ₹0.12 crore loss, revenue up 24.4%
Globalspace Technologies Ltd reported consolidated Q2 FY27 revenue of ₹12.45 crore, up 24.4% from ₹10.01 crore in Q2 FY26, while EBITDA rose to ₹2.84 crore and margin widened to 22.8%. Net profit was ₹1.15 crore, compared with a net loss of ₹0.12 crore a year earlier, but revenue and profit declined sequentially from Q1 FY27.
Key points
- Q2 FY27 consolidated revenue was ₹12.45 crore, up 24.4% from ₹10.01 crore in Q2 FY26, but down 15.0% from ₹14.64 crore in Q1 FY27.
- EBITDA was ₹2.84 crore, up 147.0% from ₹1.15 crore a year earlier; EBITDA margin widened to 22.8% from 11.5%.
- Net profit was ₹1.15 crore versus a net loss of ₹0.12 crore in Q2 FY26, while basic EPS was ₹0.32.
- H1 FY27 revenue was ₹27.09 crore, up 44.2% from ₹18.79 crore in H1 FY26, and net profit was ₹1.85 crore versus ₹0.04 crore.
- At 30 September 2026, total assets were ₹75.84 crore and total equity was ₹60.18 crore; borrowings were ₹8.79 crore and cash was ₹0.07 crore.
How did Globalspace Technologies perform in Q2 FY27?
Globalspace Technologies reported consolidated revenue of ₹12.45 crore in Q2 FY27, up 24.4% from ₹10.01 crore in Q2 FY26 but down 15.0% from ₹14.64 crore in Q1 FY27. EBITDA was ₹2.84 crore, up 147.0% year on year and down 20.7% sequentially, while the margin rose to 22.8% from 11.5% a year earlier and fell from 24.5% in Q1 FY27.
Consolidated net profit was ₹1.15 crore in Q2 FY27, compared with a net loss of ₹0.12 crore in Q2 FY26 and ₹0.70 crore in Q1 FY27. Basic EPS was ₹0.32, up from ₹0.20 in the previous quarter. On the standalone basis, revenue was ₹9.0 crore and profit after tax was ₹0.98 crore, with profit before tax of ₹0.18 crore.
Profit before tax was ₹1.63 crore in Q2 FY27, up 317.9% from ₹0.39 crore in Q2 FY26 but down 33.2% from ₹2.44 crore in Q1 FY27. The results were approved by the board on 5 November 2026 on a standalone and consolidated basis, with a limited review by the independent auditor.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 12.45 | 14.64 | 10.01 | +24.4% | −15.0% |
| Other income | 0 | 0.06 | 0.01 | ||
| Total expenses | 10.82 | 12.26 | 9.63 | +12.4% | −11.7% |
| EBITDA | 2.84 | 3.58 | 1.15 | +147.0% | −20.7% |
| EBITDA margin | 22.8% | 24.5% | 11.5% | +11.3 pp | −1.7 pp |
| Profit before tax | 1.63 | 2.44 | 0.39 | +317.9% | −33.2% |
| Tax | 0.48 | 1.74 | 0.51 | −5.9% | −72.4% |
| Net profit | 1.15 | 0.70 | −0.12 | turned to profit | +64.3% |
| EPS (₹) | 0.32 | 0.20 | +60.0% |
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 Globalspace Technologies' costs and profit?
Against Q2 FY26, total expenses rose by ₹1.19 crore, or 12.4%, to ₹10.82 crore. Cost of materials was ₹1.33 crore higher at ₹4.01 crore, depreciation was ₹0.49 crore higher at ₹1.02 crore, and other expenses rose by ₹0.21 crore to ₹2.74 crore.
Employee cost fell by ₹1.31 crore, or 35.9%, to ₹2.34 crore, while finance costs declined by ₹0.04 crore, or 17.4%, to ₹0.19 crore. Other income fell by ₹0.01 crore to no other income, and there was no exceptional item in either quarter.
Tax expense was ₹0.48 crore, down by ₹0.03 crore, or 5.9%, from ₹0.51 crore in Q2 FY26. The filing does not state reasons for the movements in the cost lines or the change in profit.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 4.01 | 2.68 | +1.33 | +49.6% |
| Employee cost | 2.34 | 3.65 | −1.31 | −35.9% |
| Finance costs | 0.19 | 0.23 | −0.04 | −17.4% |
| Depreciation | 1.02 | 0.53 | +0.49 | +92.5% |
| Other expenses | 2.74 | 2.53 | +0.21 | +8.3% |
| Total expenses | 10.82 | 9.63 | +1.19 | +12.4% |
| Other income | 0 | 0.01 | −0.01 | |
| Tax | 0.48 | 0.51 | −0.03 | −5.9% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue was ₹27.09 crore, up 44.2% from ₹18.79 crore in H1 FY26. Total income rose by ₹8.35 crore, or 44.4%, to ₹27.15 crore, while profit before tax increased by ₹3.53 crore, or 653.7%, to ₹4.07 crore.
H1 FY27 net profit was ₹1.85 crore, compared with ₹0.04 crore in H1 FY26, an increase of ₹1.81 crore. EPS was ₹0.54 in the first half of FY27, against ₹0.0 in the same period a year earlier.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 27.09 | 18.79 | +44.2% |
| Profit before tax | 4.07 | 0.54 | +653.7% |
| Net profit | 1.85 | 0.04 | +4525.0% |
| EPS (₹) | 0.54 | 0.00 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, consolidated total assets were ₹75.84 crore, compared with ₹66.78 crore at 31 March 2026, and total equity was ₹60.18 crore compared with ₹56.95 crore. Borrowings were ₹8.79 crore against ₹3.29 crore, while cash was ₹0.07 crore against ₹0.15 crore.
Inventories fell from ₹2.05 crore at 31 March 2026 to ₹0.41 crore at 30 September 2026. Trade receivables declined from ₹4.52 crore to ₹4.09 crore, and trade payables fell from ₹5.06 crore to ₹1.76 crore.
H1 FY27 operating cash flow was ₹2.77 crore, against ₹6.07 crore in H1 FY26. Investing cash flow was negative ₹8.05 crore compared with negative ₹4.57 crore, while financing cash flow was ₹5.20 crore compared with negative ₹1.15 crore. Capital expenditure was ₹6.42 crore, against ₹4.84 crore a year earlier.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 75.84 | 66.78 |
| Total equity | 60.18 | 56.95 |
| Borrowings | 8.79 | 3.29 |
| Cash and equivalents | 0.07 | 0.15 |
| Inventories | 0.41 | 2.05 |
| Trade receivables | 4.09 | 4.52 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 2.77 | 6.07 |
| Cash from investing | −8.05 | −4.57 |
| Cash from financing | 5.20 | −1.15 |
| Capital expenditure | 6.42 | 4.84 |
Source: Company's results filing (XBRL).
How has Globalspace Technologies done over the last 8 quarters?
Revenue rose year on year in each of the last four quarters. It reached ₹16.64 crore in Q3 FY26, before falling to ₹16.04 crore in Q4 FY26, ₹14.64 crore in Q1 FY27 and ₹12.45 crore in Q2 FY27. Revenue had earlier bottomed at ₹8.75 crore in Q4 FY25.
Net profit moved from a loss of ₹0.12 crore in Q2 FY26 to ₹0.36 crore in Q3 FY26 and ₹2.45 crore in Q4 FY26, before declining to ₹0.70 crore in Q1 FY27 and rising to ₹1.15 crore in Q2 FY27. The quarterly profit peak was ₹2.45 crore in Q4 FY26, while the bottom was a loss of ₹0.21 crore in Q4 FY25.
The EBITDA margin fell to 4.8% in Q4 FY26, then rose to 24.5% in Q1 FY27 and eased to 22.8% in Q2 FY27. Across the quarterly series, the margin was highest at 24.5% and lowest at 4.8%.
Quick answers
What was Globalspace Technologies' revenue in Q2 FY27?
Revenue from operations was ₹12.45 crore, up 24.4% from ₹10.01 crore in Q2 FY26 (consolidated).
Did Globalspace Technologies make a profit in Q2 FY27?
Yes. Net profit was ₹1.15 crore, against a net loss of ₹0.12 crore in Q2 FY26.
What was Globalspace Technologies' EPS in Q2 FY27?
Basic earnings per share were ₹0.32.
When did Globalspace Technologies announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Considering Un-Audited Financial Results For The Quarter And Half Year Ended September 30, 2026. (BSE, 2 November 2026) · PDF
- Financial Results For The Quarter And Half Year Ended September 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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