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Gretex Industries Q2 FY27 results: net profit up 61.8% to ₹1.99 crore, revenue ₹169.45 crore vs ₹28.11 crore
Gretex Industries Limited reported consolidated revenue of ₹169.45 crore in Q2 FY27, up 502.8% from ₹28.11 crore in Q2 FY26. Net profit rose 61.8% to ₹1.99 crore and basic EPS increased to ₹1.29, while EBITDA margin declined to 1.2% from 2.1%.
Key points
- Consolidated revenue was ₹169.45 crore in Q2 FY27, up ₹141.34 crore or 502.8% year on year.
- EBITDA rose to ₹1.98 crore from ₹0.59 crore, while EBITDA margin fell to 1.2% from 2.1%.
- Net profit increased by ₹0.76 crore to ₹1.99 crore, and basic EPS rose by ₹0.65 to ₹1.29.
- Total expenses increased by ₹140.24 crore to ₹168.34 crore; there was no exceptional item.
- Total assets rose to ₹112.7 crore and borrowings to ₹18.33 crore as of 30 September 2026, while operating cash flow was -₹14.11 crore in H1 FY27.
How did Gretex Industries perform in Q2 FY27?
Gretex Industries reported consolidated revenue of ₹169.45 crore for Q2 FY27, up 502.8% from ₹28.11 crore in Q2 FY26. EBITDA increased by ₹1.39 crore to ₹1.98 crore, but EBITDA margin fell by 0.9 percentage points to 1.2% from 2.1%.
Profit before tax rose 105.7% to ₹3.60 crore, while net profit increased 61.8% by ₹0.76 crore to ₹1.99 crore. Basic EPS was ₹1.29, up ₹0.65 from ₹0.64. On a standalone basis, revenue was ₹33.5 crore and profit after tax was ₹0.3 crore.
No previous-quarter consolidated figures were provided for comparison. The company’s board approved the unaudited standalone and consolidated financial results for the half-year ended 30 September 2026 on 4 November 2026.
| ₹ crore | Q2 FY27 | Q2 FY26 | YoY |
|---|---|---|---|
| Revenue from operations | 169.45 | 28.11 | +502.8% |
| Other income | 2.49 | 1.74 | +43.1% |
| Total expenses | 168.34 | 28.10 | +499.1% |
| EBITDA | 1.98 | 0.59 | +235.6% |
| EBITDA margin | 1.2% | 2.1% | −0.9 pp |
| Profit before tax | 3.60 | 1.75 | +105.7% |
| Tax | 1.62 | 0.48 | +237.5% |
| Net profit | 1.99 | 1.23 | +61.8% |
| EPS (₹) | 1.29 | 0.64 | +101.6% |
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 Industries' costs and profit?
Total expenses rose ₹140.24 crore to ₹168.34 crore from ₹28.10 crore in Q2 FY26. Employee cost increased by ₹0.83 crore to ₹2.03 crore, finance costs by ₹0.15 crore to ₹0.36 crore, depreciation by ₹0.14 crore to ₹0.51 crore and other expenses by ₹1.14 crore to ₹2.20 crore. Cost of materials was unchanged at ₹0 crore.
Other income increased by ₹0.75 crore to ₹2.49 crore from ₹1.74 crore, while profit before tax rose by ₹1.85 crore to ₹3.60 crore. There was no exceptional item in either quarter. Tax expense was ₹1.62 crore, up ₹1.14 crore from ₹0.48 crore, and the net profit margin fell by 3.2 percentage points to 1.2% from 4.4%.
The filing did not state a reason for the changes in expenses, other income or tax. It reported the standalone and consolidated half-year results as unaudited, with a limited review by the statutory auditors.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 2.03 | 1.20 | +0.83 | +69.2% |
| Finance costs | 0.36 | 0.21 | +0.15 | +71.4% |
| Depreciation | 0.51 | 0.37 | +0.14 | +37.8% |
| Other expenses | 2.20 | 1.06 | +1.14 | +107.5% |
| Total expenses | 168.34 | 28.10 | +140.24 | +499.1% |
| Other income | 2.49 | 1.74 | +0.75 | +43.1% |
| Tax | 1.62 | 0.48 | +1.14 | +237.5% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets stood at ₹112.7 crore against ₹65.91 crore on 31 March 2026, while total equity was ₹72.15 crore against ₹55.71 crore. Borrowings increased to ₹18.33 crore from ₹0.76 crore, and cash rose to ₹3.7 crore from ₹2.31 crore.
Inventories fell to ₹12.8 crore from ₹16.12 crore, while trade receivables increased to ₹21.25 crore from ₹2.9 crore. Trade payables rose to ₹20.17 crore from ₹8.67 crore. In H1 FY27, operating cash flow was -₹14.11 crore and investing cash flow was -₹16.46 crore, against ₹3.57 crore and -₹17.49 crore, respectively, in H1 FY26.
Financing cash flow increased to ₹32.38 crore in H1 FY27 from ₹15.98 crore in H1 FY26. H1 FY27 capital expenditure was ₹0.0 crore, compared with ₹10.72 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 112.70 | 65.91 |
| Total equity | 72.15 | 55.71 |
| Borrowings | 18.33 | 0.76 |
| Cash and equivalents | 3.70 | 2.31 |
| Inventories | 12.80 | 16.12 |
| Trade receivables | 21.25 | 2.90 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −14.11 | 3.57 |
| Cash from investing | −16.46 | −17.49 |
| Cash from financing | 32.38 | 15.98 |
| Capital expenditure | 0 | 10.72 |
Source: Company's results filing (XBRL).
How has Gretex Industries done over the last 6 quarters?
Gretex Industries’ quarterly revenue reached ₹169.45 crore in Q2 FY27, above ₹28.11 crore in Q2 FY26 and ₹27.6 crore in Q4 FY26. Revenue had been lower at ₹16.19 crore in Q3 FY26 and ₹13.5 crore in Q1 FY26, so the latest quarter reversed the lower revenue readings immediately before it.
Net profit rose to ₹1.99 crore in Q2 FY27 from ₹1.23 crore in Q2 FY26 and ₹0.1 crore in Q4 FY26. The available quarterly profit readings were lower at ₹1.29 crore in Q3 FY26, making the latest quarter the highest among the reported periods.
EBITDA margin was 1.2% in Q2 FY27, down from 1.3% in Q4 FY26 and 4.7% in Q3 FY26. The margin had also stood at 2.5% in Q1 FY26, while the highest reading in the available series was 4.7% in Q3 FY26.
Quick answers
What was Gretex Industries' revenue in Q2 FY27?
Revenue from operations was ₹169.45 crore, up 502.8% from ₹28.11 crore in Q2 FY26 (consolidated).
Did Gretex Industries make a profit in Q2 FY27?
Yes. Net profit was ₹1.99 crore, against a net profit of ₹1.23 crore in Q2 FY26.
What was Gretex Industries' EPS in Q2 FY27?
Basic earnings per share were ₹1.29, against ₹0.64 in Q2 FY26.
When did Gretex Industries announce its Q2 FY27 results?
On 4 November 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 4 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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