- Home
- Results news
- Gravity
- Q2 FY27 results
Gravity Q2 FY27 results: net profit ₹7.65 crore vs ₹1.45 crore, revenue ₹75.08 crore vs ₹20.44 crore
Gravity (India) Limited reported standalone Q2 FY27 revenue of ₹75.08 crore, up 267.3% from ₹20.44 crore a year earlier. Net profit rose to ₹7.65 crore from ₹1.45 crore, while EBITDA margin increased 1.8 percentage points to 11.3%.
Key points
- Q2 FY27 revenue was ₹75.08 crore, up 267.3% from ₹20.44 crore in Q2 FY26.
- EBITDA was ₹8.47 crore, up 334.4% from ₹1.95 crore, with margin at 11.3%.
- Net profit was ₹7.65 crore, up 427.6% from ₹1.45 crore, and basic EPS was ₹8.50.
- Against Q1 FY27, revenue rose 25.1% and net profit rose 27.3%, while EBITDA margin fell 2.0 percentage points to 11.3%.
- In H1 FY27, revenue was ₹135.08 crore and net profit was ₹13.66 crore, up 798.7% from H1 FY26.
How did Gravity perform in Q2 FY27?
Gravity reported standalone revenue of ₹75.08 crore in Q2 FY27, up 267.3% from ₹20.44 crore in Q2 FY26 and 25.1% from ₹60 crore in Q1 FY27. Total income was ₹76.92 crore, against ₹20.5 crore a year earlier and ₹60.1 crore in the previous quarter.
EBITDA increased to ₹8.47 crore from ₹1.95 crore in Q2 FY26 and rose from ₹8 crore in Q1 FY27. The EBITDA margin was 11.3%, higher by 1.8 percentage points from a year earlier but lower by 2.0 percentage points from the previous quarter.
Profit before tax rose to ₹10.20 crore from ₹1.96 crore a year earlier and ₹8.05 crore in Q1 FY27. Net profit was ₹7.65 crore, compared with ₹1.45 crore and ₹6.01 crore, while basic EPS was ₹8.50, against ₹1.61 and ₹6.67. The results were standalone; no consolidated figures were given.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 75.08 | 60 | 20.44 | +267.3% | +25.1% |
| Other income | 1.84 | 0.10 | 0.06 | +2966.7% | +1740.0% |
| Total expenses | 66.72 | 52.04 | 18.55 | +259.7% | +28.2% |
| EBITDA | 8.47 | 8 | 1.95 | +334.4% | +5.9% |
| EBITDA margin | 11.3% | 13.3% | 9.5% | +1.8 pp | −2.0 pp |
| Profit before tax | 10.20 | 8.05 | 1.96 | +420.4% | +26.7% |
| Tax | 2.55 | 2.05 | 0.51 | +400.0% | +24.4% |
| Net profit | 7.65 | 6.01 | 1.45 | +427.6% | +27.3% |
| EPS (₹) | 8.50 | 6.67 | 1.61 | +428.0% | +27.4% |
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 Gravity's costs and profit?
Total expenses rose to ₹66.72 crore in Q2 FY27 from ₹18.55 crore in Q2 FY26, an increase of ₹48.17 crore. Employee cost fell by ₹0.03 crore to ₹0.07 crore, depreciation fell by ₹0.02 crore to ₹0.03 crore, and other expenses fell by ₹0.17 crore to ₹0.02 crore. Finance costs rose by ₹0.08 crore to ₹0.08 crore, while the cost of materials was unchanged at ₹0 crore.
Other income increased by ₹1.78 crore to ₹1.84 crore from ₹0.06 crore in Q2 FY26. Tax expense rose by ₹2.04 crore to ₹2.55 crore from ₹0.51 crore. There was no exceptional item, and the filing did not state reasons for the changes in individual cost lines or profit.
Against Q1 FY27, total expenses rose by ₹14.68 crore to ₹66.72 crore and other income increased by ₹1.74 crore to ₹1.84 crore. Employee cost rose by ₹0.03 crore and finance costs rose by ₹0.08 crore, while depreciation fell by ₹0.01 crore and other expenses fell by ₹1.07 crore. Tax expense was higher by ₹0.50 crore, and there was no exceptional item.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.07 | 0.10 | −0.03 | −30.0% |
| Finance costs | 0.08 | 0 | +0.08 | |
| Depreciation | 0.03 | 0.05 | −0.02 | −40.0% |
| Other expenses | 0.02 | 0.19 | −0.17 | −89.5% |
| Total expenses | 66.72 | 18.55 | +48.17 | +259.7% |
| Other income | 1.84 | 0.06 | +1.78 | +2966.7% |
| Tax | 2.55 | 0.51 | +2.04 | +400.0% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, Gravity reported standalone revenue of ₹135.08 crore, compared with ₹20.44 crore in H1 FY26. Total income rose to ₹137.01 crore from ₹20.85 crore, with revenue up 560.9% and total income up 557.1%.
Profit before tax increased to ₹18.25 crore from ₹2.04 crore, while net profit rose to ₹13.66 crore from ₹1.52 crore. Basic EPS increased to ₹15.17 from ₹1.68. The statutory auditors carried out a limited review of the un-audited results, which the Audit Committee and Board approved on 3 November 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 135.08 | 20.44 | +560.9% |
| Profit before tax | 18.25 | 2.04 | +794.6% |
| Net profit | 13.66 | 1.52 | +798.7% |
| EPS (₹) | 15.17 | 1.68 | +803.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets stood at ₹174.1 crore on 30 September 2026, compared with ₹40.39 crore on 31 March 2026. Total equity was ₹28.57 crore against ₹14.91 crore, borrowings were ₹1.57 crore against ₹2.4 crore, and cash was ₹0.01 crore against ₹0.14 crore.
Trade receivables rose to ₹169.61 crore from ₹34.72 crore, while trade payables increased to ₹134.33 crore from ₹17.49 crore. Inventories remained at ₹0 crore on both dates. In H1 FY27, operating cash flow was negative ₹1.64 crore, compared with ₹0.22 crore a year earlier; investing cash flow was ₹2.55 crore against ₹0.13 crore, and financing cash flow was negative ₹0.9 crore against negative ₹0.43 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 174.10 | 40.39 |
| Total equity | 28.57 | 14.91 |
| Borrowings | 1.57 | 2.40 |
| Cash and equivalents | 0.01 | 0.14 |
| Inventories | 0 | 0 |
| Trade receivables | 169.61 | 34.72 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −1.64 | 0.22 |
| Cash from investing | 2.55 | 0.13 |
| Cash from financing | −0.90 | −0.43 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Gravity done over the last 8 quarters?
Revenue rose year on year in each of the last two quarters and was ₹75.08 crore in Q2 FY27, below the recent peak of ₹99.24 crore in Q4 FY26. It had reached ₹59.51 crore in Q3 FY26 and ₹60 crore in Q1 FY27. Net profit increased to ₹7.65 crore from ₹6.01 crore in the previous quarter and ₹1.45 crore a year earlier.
The EBITDA margin reached 13.3% in Q1 FY27 before declining to 11.3% in Q2 FY27. It was 9.5% in Q2 FY26 and 10.3% in Q3 FY26, with an earlier low of negative 53,016.7% in Q4 FY25. Net profit rose year on year in each of the last two quarters, reaching ₹7.65 crore in Q2 FY27 against a recent peak of ₹6.83 crore in Q4 FY26.
How did Gravity shares react?
Gravity’s shares were up 0.5% five minutes and 15 minutes after the filing appeared in the market. The stock closed 7.5% above its pre-results close on the reaction day, and by the next day’s close it was up 3.5% from that pre-results close.
The Other Textile Products industry median was unchanged on the reaction day and up 1.4% by the next day’s close. Gravity exceeded the industry median by 7.4 percentage points on the reaction day and by 2.0 percentage points by the next day’s close. Earlier reaction-day moves were 4.9% on 10 August 2026, 5.0% on 11 May 2026 and 5.6% on 7 February 2026.
| After the filing | Stock | Other Textile Products median |
|---|---|---|
| 5 minutes | +0.5% | |
| 15 minutes | +0.5% | |
| Reaction day | +7.5% | +0.0% |
| Next day | +3.5% | +1.4% |
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 |
|---|---|
| 10 August 2026 | +4.9% |
| 11 May 2026 | +5.0% |
| 7 February 2026 | +5.6% |
| 13 August 2025 | −1.5% |
| 23 April 2025 | +3.4% |
| 24 October 2024 | +2.1% |
| 7 August 2024 | +0.7% |
| 29 May 2024 | −0.2% |
Source: MarketPing price-reaction measurement.
How did other Other Textile Products companies do?
Among 61 Other Textile Products companies compared, the median revenue growth was 22.4% as of 5 November 2026. Fifty-nine peers grew slower than Gravity, while two peers grew faster than Gravity.
Profit increased for 43 of the 64 peers for which profit was compared. Gravity’s revenue growth of 267.3% was above the peer median of 22.4%, while its standalone net profit rose 427.6% from Q2 FY26.
| Gravity revenue growth (YoY) | +267.3% |
|---|---|
| Median of 61 other Other Textile Products companies | +22.4% |
| Companies with slower revenue growth than Gravity | 59 of 61 |
| Companies with faster revenue growth than Gravity | 2 of 61 |
| Companies whose net profit rose | 43 of 64 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Gravity's revenue in Q2 FY27?
Revenue from operations was ₹75.08 crore, up 267.3% from ₹20.44 crore in Q2 FY26 (standalone).
Did Gravity make a profit in Q2 FY27?
Yes. Net profit was ₹7.65 crore, against a net profit of ₹1.45 crore in Q2 FY26.
What was Gravity's EPS in Q2 FY27?
Basic earnings per share were ₹8.50, against ₹1.61 in Q2 FY26.
How did Gravity shares react to the Q2 FY27 results?
On the reaction day the stock moved +7.5% from the previous close; the median Other Textile Products stock moved +0.0%.
When did Gravity announce its Q2 FY27 results?
On 3 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Considering Q2 Results (BSE, 26 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting (Q2 Results) (BSE, 3 November 2026) · PDF
- Result-Financial Result For The Quarter Ended On September 30, 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.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.