- Home
- Results news
- GOCL Corporation
- Q2 FY27 results
GOCL Corporation Q2 FY27 results: net profit up 188.7% to ₹40.50 crore, revenue up 85.1%
GOCL Corporation Limited reported consolidated revenue of ₹4.11 crore for Q2 FY27, up 85.1% from ₹2.22 crore a year earlier. Net profit rose to ₹40.50 crore from ₹14.03 crore, while basic EPS increased to ₹8.17 from ₹2.83; the EBITDA margin was -352.2%.
Key points
- Consolidated revenue was ₹4.11 crore in Q2 FY27, up 85.1% from ₹2.22 crore in Q2 FY26.
- Net profit was ₹40.50 crore, up 188.7% from ₹14.03 crore, and basic EPS was ₹8.17 against ₹2.83.
- Other income rose to ₹62.65 crore from ₹53.48 crore, while finance costs fell to ₹0.01 crore from ₹12.15 crore.
- EBITDA was a loss of ₹14.46 crore, with an EBITDA margin of -352.2%, compared with -326.9% in the year-ago quarter.
- The board approved the un-audited standalone and consolidated results and scheduled NCLT-directed shareholder and unsecured-creditor meetings for 24 November 2026.
How did GOCL Corporation perform in Q2 FY27?
GOCL Corporation’s consolidated revenue for the July–September 2026 quarter was ₹4.11 crore, compared with ₹2.22 crore in Q2 FY26 and ₹4.29 crore in Q1 FY27. Net profit was ₹40.50 crore, against ₹14.03 crore a year earlier and ₹40.40 crore in the previous quarter. Basic EPS was ₹8.17, compared with ₹2.83 in Q2 FY26 and ₹8.15 in Q1 FY27.
EBITDA was a loss of ₹14.46 crore in Q2 FY27, compared with a loss of ₹7.26 crore in Q2 FY26 and ₹5.25 crore in Q1 FY27. The EBITDA margin was -352.2%, against -326.9% in the year-ago quarter and -122.5% in the previous quarter. On the standalone basis, revenue was ₹4.11 crore and profit before tax was ₹25.72 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 4.11 | 4.29 | 2.22 | +85.1% | −4.2% |
| Other income | 62.65 | 58.84 | 53.48 | +17.1% | +6.5% |
| Total expenses | 19.45 | 10.40 | 22.21 | −12.4% | +87.0% |
| EBITDA | −14.46 | −5.25 | −7.26 | ||
| EBITDA margin | -352.2% | -122.5% | -326.9% | −25.3 pp | −229.7 pp |
| Profit before tax | 49.77 | 56.24 | 32.49 | +53.2% | −11.5% |
| Tax | 14.41 | 12.39 | 10.20 | +41.3% | +16.3% |
| Net profit | 40.50 | 40.40 | 14.03 | +188.7% | +0.2% |
| EPS (₹) | 8.17 | 8.15 | 2.83 | +188.7% | +0.2% |
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 GOCL Corporation's costs and profit?
Against Q2 FY26, other income rose by ₹9.17 crore to ₹62.65 crore, while total expenses fell by ₹2.76 crore to ₹19.45 crore. Finance costs fell by ₹12.14 crore to ₹0.01 crore, offsetting increases of ₹1.76 crore in employee cost, ₹0.74 crore in cost of materials, ₹0.29 crore in depreciation and ₹5.68 crore in other expenses.
Profit before tax increased by ₹17.28 crore to ₹49.77 crore from ₹32.49 crore. Tax expense rose by ₹4.21 crore to ₹14.41 crore from ₹10.20 crore, and net profit increased by ₹26.47 crore to ₹40.50 crore. Q2 FY27 included an exceptional gain of ₹2.46 crore, compared with an exceptional charge of ₹1 crore in Q2 FY26; no filing excerpt states a reason for the movements in individual cost lines.
Against Q1 FY27, total expenses rose by ₹9.05 crore to ₹19.45 crore and other expenses increased by ₹7.95 crore to ₹13.38 crore. Other income rose by ₹3.81 crore to ₹62.65 crore, but the exceptional gain fell to ₹2.46 crore from ₹3.52 crore. PBT fell by ₹6.47 crore to ₹49.77 crore, while net profit rose by ₹0.10 crore to ₹40.50 crore and EPS increased by ₹0.02 to ₹8.17.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 1.49 | 0.75 | +0.74 | +98.7% |
| Employee cost | 3.38 | 1.62 | +1.76 | +108.6% |
| Finance costs | 0.01 | 12.15 | −12.14 | −99.9% |
| Depreciation | 0.87 | 0.58 | +0.29 | +50.0% |
| Other expenses | 13.38 | 7.70 | +5.68 | +73.8% |
| Total expenses | 19.45 | 22.21 | −2.76 | −12.4% |
| Other income | 62.65 | 53.48 | +9.17 | +17.1% |
| Tax | 14.41 | 10.20 | +4.21 | +41.3% |
| Exceptional items | +2.46 (gain) | −1 (charge) |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, consolidated revenue was ₹8.39 crore, up 49.6% from ₹5.61 crore in H1 FY26. Total income was ₹129.89 crore, down 8.7% from ₹142.19 crore, while PBT rose 11.0% to ₹106.01 crore from ₹95.47 crore.
Net profit for the first half was ₹80.9 crore, compared with ₹1,236.58 crore in H1 FY26, a decline of 93.5%. Basic EPS fell from ₹249.44 to ₹16.32 over the same comparison.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 8.39 | 5.61 | +49.6% |
| Profit before tax | 106.01 | 95.47 | +11.0% |
| Net profit | 80.90 | 1,237 | −93.5% |
| EPS (₹) | 16.32 | 249.44 | −93.5% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹3,752.01 crore, compared with ₹3,555.12 crore at 31 March 2026. Total equity was ₹3,070.79 crore against ₹3,142.94 crore, borrowings were ₹0.62 crore against ₹0.62 crore, and cash was ₹175.25 crore compared with ₹7.12 crore. Inventories were ₹1.11 crore, trade receivables ₹2.50 crore and trade payables ₹22.53 crore.
H1 FY27 operating cash flow was ₹28.87 crore, compared with an outflow of ₹22.02 crore in H1 FY26. Investing cash flow was ₹139.90 crore, against ₹980.92 crore, while financing cash flow was an outflow of ₹0.64 crore compared with an outflow of ₹965.00 crore. Capital expenditure was ₹2.73 crore, against ₹4.20 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 3,752 | 3,555 |
| Total equity | 3,071 | 3,143 |
| Borrowings | 0 | 0.62 |
| Cash and equivalents | 175.25 | 7.12 |
| Inventories | 1.11 | 0.96 |
| Trade receivables | 2.50 | 1 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 28.87 | −22.02 |
| Cash from investing | 139.90 | 980.92 |
| Cash from financing | −0.64 | −965 |
| Capital expenditure | 2.73 | 4.20 |
Source: Company's results filing (XBRL).
How has GOCL Corporation done over the last 8 quarters?
Revenue increased year on year in each of the last two quarters. It peaked at ₹140.01 crore in Q4 FY25 and bottomed at ₹1.82 crore in Q3 FY26, before rising to ₹4.29 crore in Q1 FY27 and easing to ₹4.11 crore in Q2 FY27.
Net profit peaked at ₹1,222.55 crore in Q1 FY26 and bottomed at ₹14.03 crore in Q2 FY26. It rose to ₹40.4 crore in Q1 FY27 and ₹40.5 crore in Q2 FY27. The EBITDA margin was -30.5% in Q3 FY25, reached -550.4% in Q3 FY26, improved to -122.5% in Q1 FY27 and fell to -352.2% in Q2 FY27.
Which businesses drove the quarter?
Electronics Manufacturing Services reported revenue of ₹2.44 crore and EBIT of a loss of ₹2.14 crore in Q2 FY27. The segment’s EBIT margin was -87.5%. Year-ago segment revenue and EBIT were not provided.
Realty reported revenue of ₹1.65 crore, up 40.5% from ₹1.17 crore in the year-ago quarter. EBIT was ₹0.04 crore, compared with a loss of ₹1.77 crore, and the EBIT margin was 2.5%. Unallocable income was ₹62.67 crore, up 16.2% from ₹53.93 crore.
Discontinued Operation reported revenue of ₹2.67 crore and EBIT of ₹4.63 crore, with an EBIT margin of 173.2%. Year-ago revenue and EBIT were not provided for this segment.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Electronics Manufacturing Services | 2.44 | −2.14 | -87.5% | |
| Realty | 1.65 | +40.5% | 0.04 | 2.5% |
| Unallocable income | 62.67 | +16.2% | 0 | 0.0% |
| Discontinued Operation | 2.67 | 4.63 | 173.2% |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
The board approved and took on record the un-audited standalone and consolidated financial results for the quarter and half-year ended 30 September 2026, along with the limited-review reports of Haribhakti & Co LLP. The board also noted an NCLT order dated 8 October 2026 directing meetings of equity shareholders and unsecured creditors for the proposed merger by absorption of Hinduja National Power Corporation Limited with GOCL Corporation Limited.
The NCLT-directed meetings were scheduled for 24 November 2026 at 11:00 a.m. IST through video conferencing or other audio-visual means. The same-day board filing did not announce a dividend, fund raise or appointment.
What did the auditors point out?
Haribhakti & Co LLP said nothing had come to its attention that caused it to believe the unaudited consolidated statement had not disclosed the information required under Regulation 33 or contained a material misstatement. The auditor did not express an audit opinion because the engagement was a review, which provides less assurance than an audit.
The auditor included an emphasis of matter concerning corporate guarantees aggregating Rs. 131,610 lakhs that were not processed as related-party transactions, so prior approval from the Audit Committee, board and shareholders was not obtained. The transactions were later ratified, shareholders’ approval was obtained through postal ballot on 7 July 2026, and the auditor said its conclusion was not modified in respect of this matter. It also stated that the interim information of one overseas subsidiary had not been reviewed by Haribhakti & Co LLP and was based solely on the other auditor’s review report.
How did GOCL Corporation shares react?
After the filing appeared after market hours, the stock fell 1.7% within 5 minutes, 2.2% within 15 minutes and 2.3% within 30 minutes. On the reaction day, it fell 5.3% from the previous close, compared with a 3.3% decline for the Chemicals & Petrochemicals industry median and a 2.6% fall for the Nifty Microcap 250.
By the next day’s close, the stock was down 5.5% from its pre-results close, and by the fifth session it was down 12.3%. The industry median was down 4.2% by the next day’s close and 5.0% by the fifth session, while the Nifty Microcap 250 was down 3.6% and 3.8%, respectively. The stock’s reaction-day move was 2.1 percentage points below the industry median, and its five-session move was 7.3 percentage points below.
Earlier reaction-day moves were mixed: the stock fell 8.2% on 13 August 2026, rose 4.6% on 29 May 2026 and rose 3.4% on 11 February 2026. It also fell 2.7% on 13 November 2025, rose 6.6% on 12 August 2025 and fell 4.4% on 22 May 2025.
| After the filing | Stock | Chemicals & Petrochemicals median |
|---|---|---|
| 5 minutes | −1.7% | |
| 15 minutes | −2.2% | |
| 30 minutes | −2.3% | |
| Reaction day | −5.3% | −3.3% |
| Next day | −5.5% | −4.2% |
| 5 days | −12.3% | −5.0% |
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 |
|---|---|
| 13 August 2026 | −8.2% |
| 29 May 2026 | +4.6% |
| 11 February 2026 | +3.4% |
| 13 November 2025 | −2.7% |
| 12 August 2025 | +6.6% |
| 22 May 2025 | −4.4% |
| 13 February 2025 | +1.3% |
| 8 November 2024 | −8.0% |
Source: MarketPing price-reaction measurement.
Quick answers
What was GOCL Corporation's revenue in Q2 FY27?
Revenue from operations was ₹4.11 crore, up 85.1% from ₹2.22 crore in Q2 FY26 (consolidated).
Did GOCL Corporation make a profit in Q2 FY27?
Yes. Net profit was ₹40.50 crore, against a net profit of ₹14.03 crore in Q2 FY26.
What was GOCL Corporation's EPS in Q2 FY27?
Basic earnings per share were ₹8.17, against ₹2.83 in Q2 FY26.
How did GOCL Corporation shares react to the Q2 FY27 results?
On the reaction day the stock moved −5.3% from the previous close; the median Chemicals & Petrochemicals stock moved −3.3%.
When did GOCL Corporation announce its Q2 FY27 results?
On 19 October 2026, in a filing to the NSE.
Sources
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.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.