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GSB Finance Q2 FY27 results: net profit ₹0.38 crore vs ₹0.30 crore loss, revenue up 131.2%
GSB Finance Ltd reported standalone revenue of ₹0.74 crore in Q2 FY27, up 131.2% from ₹0.32 crore in Q2 FY26. The company turned to a net profit of ₹0.38 crore from a net loss of ₹0.30 crore, while revenue and profit declined from the previous quarter.
Key points
- Revenue rose 131.2% year on year to ₹0.74 crore in Q2 FY27, while profit before tax reached ₹0.55 crore from a net loss of ₹0.29 crore in Q2 FY26.
- Net profit was ₹0.38 crore versus a net loss of ₹0.30 crore in Q2 FY26; basic EPS was ₹1.28 compared with a loss of ₹0.49.
- Against Q1 FY27, revenue fell 19.6% to ₹0.74 crore, profit before tax fell 32.9% to ₹0.55 crore and net profit fell 37.7% to ₹0.38 crore.
- For H1 FY27, revenue rose 158.7% to ₹1.63 crore and profit before tax was ₹1.37 crore, compared with a loss of ₹0.15 crore in H1 FY26.
- Total assets were ₹15.32 crore at 30 September 2026, with equity of ₹15.06 crore and cash of ₹3.30 crore.
How did GSB Finance perform in Q2 FY27?
GSB Finance Ltd’s standalone revenue for the July–September 2026 quarter was ₹0.74 crore, up 131.2% from ₹0.32 crore in Q2 FY26 but down 19.6% from ₹0.92 crore in Q1 FY27. Profit before tax was ₹0.55 crore, compared with a net loss of ₹0.29 crore a year ago and ₹0.82 crore in the previous quarter.
The company reported a net profit of ₹0.38 crore in Q2 FY27 against a net loss of ₹0.30 crore in Q2 FY26. Basic EPS was ₹1.28, compared with a loss of ₹0.49 a year ago and ₹1.01 in Q1 FY27. EBITDA and EBITDA margin were not reported. The figures are standalone, as approved by the board on 4 November 2026.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.74 | 0.92 | 0.32 | +131.2% | −19.6% |
| Other income | 0 | 0 | 0 | ||
| Total expenses | 0.19 | 0.10 | 0.61 | −68.9% | +90.0% |
| Profit before tax | 0.55 | 0.82 | −0.29 | turned to profit | −32.9% |
| Tax | 0.17 | 0.21 | 0 | −19.0% | |
| Net profit | 0.38 | 0.61 | −0.30 | turned to profit | −37.7% |
| EPS (₹) | 1.28 | 1.01 | −0.49 | turned to profit | +26.7% |
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 GSB Finance's costs and profit?
Total expenses fell to ₹0.19 crore in Q2 FY27 from ₹0.61 crore in Q2 FY26, a decline of ₹0.42 crore or 68.9%. Employee benefit expenses accounted for the main reduction, falling ₹0.18 crore or 90.0% to ₹0.02 crore, while other expenses rose ₹0.03 crore or 21.4% to ₹0.17 crore.
Finance costs and depreciation were unchanged at ₹0 crore, and there was no exceptional item. Other income was also unchanged at ₹0 crore. Tax expense was ₹0.17 crore in Q2 FY27 compared with ₹0 crore in Q2 FY26. Profit before tax therefore moved to ₹0.55 crore from a net loss of ₹0.29 crore.
Against Q1 FY27, total expenses rose ₹0.09 crore or 90.0% to ₹0.19 crore. Other expenses increased ₹0.13 crore or 325.0% to ₹0.17 crore, while employee benefit expenses declined ₹0.01 crore or 33.3% to ₹0.02 crore. Tax expense fell ₹0.04 crore or 19.0% to ₹0.17 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 0.02 | 0.20 | −0.18 | −90.0% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.17 | 0.14 | +0.03 | +21.4% |
| Total expenses | 0.19 | 0.61 | −0.42 | −68.9% |
| Other income | 0 | 0 | 0 | |
| Tax | 0.17 | 0 | +0.17 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, standalone revenue and total income were ₹1.63 crore, up from ₹0.63 crore in H1 FY26, a rise of ₹1.00 crore or 158.7%. Profit before tax was ₹1.37 crore, compared with a net loss of ₹0.15 crore in the year-ago period.
Net profit for H1 FY27 was ₹0.99 crore against a net loss of ₹0.19 crore in H1 FY26, an improvement of ₹1.18 crore. Basic EPS was ₹3.3, compared with a loss of ₹0.31 in H1 FY26. The filed results were unaudited standalone figures.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 1.63 | 0.63 | +158.7% |
| Profit before tax | 1.37 | −0.15 | turned to profit |
| Net profit | 0.99 | −0.19 | turned to profit |
| EPS (₹) | 3.30 | −0.31 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets stood at ₹15.32 crore, compared with ₹14.22 crore at 31 March 2026. Total equity was ₹15.06 crore against ₹14.07 crore, while cash and cash equivalents rose to ₹3.30 crore from ₹0.28 crore. Borrowings were not reported in the supplied balance-sheet figures.
Net cash from operating activities in H1 FY27 was ₹10.03 crore, compared with net cash used in operating activities of ₹0.02 crore in H1 FY26. Net cash used in investing activities was ₹7.01 crore, while financing cash flow was ₹0 crore. The filed cash flow statement showed cash and cash equivalents of ₹337.60 lakh at the end of the period.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 15.32 | 14.22 |
| Total equity | 15.06 | 14.07 |
| Cash and equivalents | 3.30 | 0.28 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 10.03 | −0.02 |
| Cash from investing | −7.01 | 0 |
| Cash from financing | 0 | 0 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has GSB Finance done over the last 8 quarters?
Revenue rose year on year in each of the last three quarters. It reached ₹0.92 crore in Q1 FY27 before declining to ₹0.74 crore in Q2 FY27. The latest revenue remained above the ₹0.44 crore recorded in Q3 FY25, when revenue was highest among the earlier reported quarters.
Net profit moved from a net loss of ₹0.30 crore in Q2 FY26 to ₹0.18 crore in Q3 FY26, a net loss of ₹0.31 crore in Q4 FY26 and ₹0.61 crore in Q1 FY27. It then declined to ₹0.38 crore in Q2 FY27. The reported pattern shows alternating profits and losses through the earlier quarters, followed by profit in the latest two quarters. EBITDA margin figures were not reported.
Which businesses drove the quarter?
Trading in F&O reported segment revenue of ₹0.54 crore and EBIT of ₹0.54 crore in Q2 FY27, with an EBIT margin of 100.0%. Finance and Investment reported revenue of ₹0.21 crore and EBIT of ₹0.21 crore, also with an EBIT margin of 100.0%. Year-ago segment revenue and EBIT figures were not reported, so growth rates against Q2 FY26 were not available.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Trading in F&O | 0.54 | 0.54 | 100.0% | |
| Finance and Investment | 0.21 | 0.21 | 100.0% |
Source: Company's results filing (XBRL segment data).
How did other Non Banking Financial Company (NBFC) companies do?
Among 88 other Non Banking Financial Company companies that had filed for the quarter, the median revenue growth was 22.1%. Of these, 79 grew slower than GSB Finance and 9 grew faster than GSB Finance, based on the comparison for this quarter. Of 101 peers whose profit was compared, 66 reported higher profit. The peer data was available as of 5 November 2026.
| GSB Finance revenue growth (YoY) | +131.2% |
|---|---|
| Median of 88 other Non Banking Financial Company (NBFC) companies | +22.1% |
| Companies with slower revenue growth than GSB Finance | 79 of 88 |
| Companies with faster revenue growth than GSB Finance | 9 of 88 |
| Companies whose net profit rose | 66 of 101 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was GSB Finance's revenue in Q2 FY27?
Revenue from operations was ₹0.74 crore, up 131.2% from ₹0.32 crore in Q2 FY26 (standalone).
Did GSB Finance make a profit in Q2 FY27?
Yes. Net profit was ₹0.38 crore, against a net loss of ₹0.30 crore in Q2 FY26.
What was GSB Finance's EPS in Q2 FY27?
Basic earnings per share were ₹1.28, against a loss of ₹0.49 in Q2 FY26.
When did GSB Finance announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Consideration And Approval Of Financial Results For The Period Ended 30.09.2026 (BSE, 30 October 2026) · PDF
- Financial Result For The Quarter Ended 30.09.2026. (BSE, 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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