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Gretex Corporate Services Q2 FY27 results: net profit down 44.7% to ₹7.15 crore, revenue down 5.0%
Gretex Corporate Services Limited reported consolidated revenue of ₹75.60 crore and a net profit of ₹7.15 crore in Q2 FY27. Revenue was lower than Q2 FY26, while EBITDA and profit declined; the company’s standalone revenue was ₹4.96 crore and standalone profit was ₹1.66 crore.
Key points
- Consolidated revenue was ₹75.60 crore, down 5.0% from ₹79.56 crore in Q2 FY26.
- Consolidated EBITDA was ₹9.62 crore, down 69.7% from ₹31.75 crore in Q2 FY26.
- EBITDA margin fell to 12.7% from 39.9%, a decline of 27.2 percentage points.
- Consolidated net profit was ₹7.15 crore, down 44.7% from ₹12.92 crore in Q2 FY26; basic EPS was ₹1.98.
- For H1 FY27, revenue was ₹113.12 crore, up 11.4% from ₹101.54 crore in H1 FY26, while PAT was ₹19.95 crore, up 43.7% from ₹13.88 crore.
How did Gretex Corporate Services perform in Q2 FY27?
Consolidated net profit was ₹7.15 crore, compared with ₹12.92 crore in Q2 FY26 and ₹12.80 crore in Q1 FY27. Basic EPS was ₹1.98, compared with ₹5.71 a year earlier and ₹3.97 in the previous quarter. Profit attributable to owners was ₹5.55 crore, against ₹11.45 crore in Q2 FY26 and ₹9.33 crore in Q1 FY27.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 75.60 | 37.52 | 79.56 | −5.0% | +101.5% |
| Other income | 0.92 | 0.55 | −12.20 | +67.3% | |
| Total expenses | 66.92 | 21.29 | 48.66 | +37.5% | +214.3% |
| EBITDA | 9.62 | 17.13 | 31.75 | −69.7% | −43.8% |
| EBITDA margin | 12.7% | 45.7% | 39.9% | −27.2 pp | −33.0 pp |
| Profit before tax | 9.60 | 16.78 | 18.70 | −48.7% | −42.8% |
| Tax | 2.52 | 4.39 | 6.16 | −59.1% | −42.6% |
| Net profit | 7.15 | 12.80 | 12.92 | −44.7% | −44.1% |
| EPS (₹) | 1.98 | 3.97 | 5.71 | −65.3% | −50.1% |
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 Gretex Corporate Services' costs and profit?
Against Q1 FY27, total expenses rose to ₹66.92 crore from ₹21.29 crore, while other income increased to ₹0.92 crore from ₹0.55 crore. Employee cost was ₹2.33 crore compared with ₹2.29 crore, finance costs were ₹0.37 crore compared with ₹0.34 crore, depreciation was ₹0.56 crore in both quarters, and other expenses rose to ₹2.31 crore from ₹1.30 crore. No exceptional item was reported.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 2.33 | 2.52 | −0.19 | −7.5% |
| Finance costs | 0.37 | 0.23 | +0.14 | +60.9% |
| Depreciation | 0.56 | 0.63 | −0.07 | −11.1% |
| Other expenses | 2.31 | 8.21 | −5.90 | −71.9% |
| Total expenses | 66.92 | 48.66 | +18.26 | +37.5% |
| Other income | 0.92 | −12.20 | +13.12 | |
| Tax | 2.52 | 6.16 | −3.64 | −59.1% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
Basic EPS for H1 FY27 was ₹5.95, compared with ₹6.13 in H1 FY26. The company also reported standalone revenue of ₹4.96 crore and standalone profit of ₹1.66 crore for the quarter.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 113.12 | 101.54 | +11.4% |
| Profit before tax | 26.38 | 20.20 | +30.6% |
| Net profit | 19.95 | 13.88 | +43.7% |
| EPS (₹) | 5.95 | 6.13 | −2.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Inventories were ₹91.25 crore at 30 September 2026, compared with ₹134.01 crore at 31 March 2026. Trade receivables were ₹10.4 crore against ₹10.05 crore, and trade payables were ₹7.34 crore against ₹1.8 crore. H1 FY27 operating cash flow was ₹31.01 crore, compared with ₹3.1 crore in H1 FY26; investing cash flow was ₹33.92 crore against ₹8.81 crore, and financing cash flow was ₹5.22 crore against ₹12.14 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 334.87 | 344.31 |
| Total equity | 287.18 | 318.88 |
| Borrowings | 6.56 | 10.08 |
| Cash and equivalents | 3.10 | 0.79 |
| Inventories | 91.25 | 134.01 |
| Trade receivables | 10.40 | 10.05 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 31.01 | 3.10 |
| Cash from investing | −33.92 | 8.81 |
| Cash from financing | 5.22 | −12.14 |
| Capital expenditure | 0 | 0.14 |
Source: Company's results filing (XBRL).
How has Gretex Corporate Services done over the last 8 quarters?
Revenue reached ₹125.57 crore in Q4 FY25 and fell to ₹21.98 crore in Q1 FY26, before recovering to ₹75.60 crore in Q2 FY27. PAT was a net loss of ₹19.72 crore in Q4 FY25 and a profit of ₹7.15 crore in Q2 FY27. EBITDA margin was 45.7% in Q1 FY27 and 12.7% in Q2 FY27, after 27.9% in Q4 FY26. The latest quarter therefore showed higher revenue than Q1 FY27 but lower profit and EBITDA margin.
What else did the company announce?
On 5 November 2026, the board approved five-year reappointments for managing, whole-time and independent directors, subject to shareholder approval. The proposals cover Mr. Alok Harlalka as Managing Director and Mr. Arvind Harlalka as Whole Time Director from 1 April 2027, and Mr. Rajiv Kumar Agarwal as Independent Director for a second five-year term from 16 May 2027. The board also approved a postal ballot notice and appointed Ms. Rachana Shanbhag as scrutinizer for the remote e-voting and e-voting process.
Quick answers
What was Gretex Corporate Services' revenue in Q2 FY27?
Revenue from operations was ₹75.60 crore, down 5.0% from ₹79.56 crore in Q2 FY26 (consolidated).
Did Gretex Corporate Services make a profit in Q2 FY27?
Yes. Net profit was ₹7.15 crore, against a net profit of ₹12.92 crore in Q2 FY26.
What was Gretex Corporate Services' EPS in Q2 FY27?
Basic earnings per share were ₹1.98, against ₹5.71 in Q2 FY26.
When did Gretex Corporate Services announce its Q2 FY27 results?
On 5 November 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 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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