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Gujarat Credit Corporation Q2 FY27 results: net loss narrows to ₹0.05 crore
Gujarat Credit Corporation Ltd reported a net loss of ₹0.05 crore in Q2 FY27 on a consolidated basis, against a net loss of ₹0.23 crore in Q2 FY26. The September 2026 quarter saw profit before tax turn to ₹0.01 crore from a loss of ₹0.08 crore, while basic EPS was -₹0.16. The board approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026 on 26 October 2026.
Key points
- Revenue was ₹0 crore in Q2 FY27, unchanged from ₹0 crore in Q2 FY26 and Q1 FY27.
- Profit before tax was ₹0.01 crore in Q2 FY27, up ₹0.09 crore from a loss of ₹0.08 crore a year earlier.
- The net loss narrowed to ₹0.05 crore from ₹0.23 crore in Q2 FY26, an improvement of ₹0.18 crore.
- Total expenses fell 52.9% to ₹0.08 crore from ₹0.17 crore in Q1 FY27.
- H1 FY27 total income was ₹0.18 crore against ₹0 crore in H1 FY26, with the net loss narrowing by ₹0.28 crore to ₹0.13 crore.
How did Gujarat Credit Corporation perform in Q2 FY27?
Gujarat Credit Corporation reported revenue of ₹0 crore in Q2 FY27, unchanged from the ₹0 crore recorded in Q2 FY26 and in Q1 FY27. Total income was ₹0.09 crore, up ₹0.09 crore from the year-ago quarter and unchanged from the previous quarter. EBITDA was -₹0.08 crore, unchanged from Q2 FY26, and improved by ₹0.09 crore from -₹0.17 crore in Q1 FY27. No EBITDA margin was reported for the quarter.
On a consolidated basis, profit before tax was ₹0.01 crore in Q2 FY27 against a loss of ₹0.08 crore in both Q2 FY26 and Q1 FY27, a year-on-year improvement of ₹0.09 crore. The net loss was ₹0.05 crore, compared with a net loss of ₹0.23 crore in Q2 FY26 and a net loss of ₹0.08 crore in Q1 FY27. Basic EPS was -₹0.16, against -₹0.27 in Q2 FY26, while the ₹0.27 reported for Q1 FY27 moved back to a loss.
The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026 on 26 October 2026, along with the limited review reports of the statutory auditors. On the standalone basis, profit before tax was ₹0.01 crore and the profit for the period was ₹0.01 crore, with basic and diluted EPS of ₹0.04. The company operates in a single operating business segment of real estate development.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | ||
| Other income | 0.09 | 0.09 | 0 | +0.0% | |
| Total expenses | 0.08 | 0.17 | 0.08 | +0.0% | −52.9% |
| EBITDA | −0.08 | −0.17 | −0.08 | ||
| Profit before tax | 0.01 | −0.08 | −0.08 | turned to profit | turned to profit |
| Tax | 0 | 0 | 0 | ||
| Net profit | −0.05 | −0.08 | −0.23 | ||
| EPS (₹) | −0.16 | 0.27 | −0.27 | turned to loss |
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 Gujarat Credit Corporation's costs and profit?
Total expenses were ₹0.08 crore in Q2 FY27, unchanged from Q2 FY26 and down ₹0.09 crore from ₹0.17 crore in Q1 FY27. Other expenses fell to ₹0.04 crore from ₹0.05 crore a year earlier, a decline of ₹0.01 crore or 20.0%, and were down ₹0.08 crore or 66.7% from ₹0.12 crore in the previous quarter. Employee cost was ₹0.04 crore, unchanged from both comparison periods.
Other income was ₹0.09 crore in Q2 FY27, up ₹0.09 crore from ₹0 crore in Q2 FY26 and unchanged from ₹0.09 crore in Q1 FY27. Tax was ₹0 crore, unchanged from the year-ago quarter and the previous quarter. There was no exceptional item in Q2 FY27, in Q1 FY27 or in Q2 FY26. Finance costs, depreciation and the cost of materials were unchanged across the comparison periods.
The filings do not state a reason for the changes in other income or other expenses. What the figures show is that higher other income and lower other expenses coincided with the improvement in profit before tax, which moved to ₹0.01 crore from a loss of ₹0.08 crore in the year-ago quarter.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.04 | 0.04 | 0 | +0.0% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.04 | 0.05 | −0.01 | −20.0% |
| Total expenses | 0.08 | 0.08 | 0 | +0.0% |
| Other income | 0.09 | 0 | +0.09 | |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, total income was ₹0.18 crore against ₹0 crore in H1 FY26, an increase of ₹0.18 crore. Revenue was ₹0 crore in both periods. Profit before tax was a loss of ₹0.07 crore, compared with a loss of ₹0.18 crore in H1 FY26, an improvement of ₹0.11 crore. There was no exceptional item in either half.
The net loss for H1 FY27 was ₹0.13 crore, against a net loss of ₹0.41 crore in H1 FY26, an improvement of ₹0.28 crore. EPS was -₹0.43 for the half year, against -₹0.47 in the year-ago half. On the standalone basis in the filing, total income for the half year was ₹0.18 crore against ₹0 crore, with a loss before tax of ₹0.07 crore against a loss of ₹0.18 crore.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0 | 0 | |
| Profit before tax | −0.07 | −0.18 | |
| Net profit | −0.13 | −0.41 | |
| EPS (₹) | −0.43 | −0.47 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets were ₹32.42 crore as on 30 September 2026, against ₹32.41 crore as on 31 March 2026. Total equity rose to ₹11.56 crore from ₹11.36 crore, borrowings were ₹19.47 crore against ₹18.67 crore, and cash was ₹0.05 crore against ₹0 crore at the previous balance sheet date. Trade payables were ₹0.03 crore compared with ₹0.04 crore.
For the first half of FY27, operating cash flow was -₹0.76 crore, against -₹4.5 crore in H1 FY26. Investing cash flow was ₹0 crore compared with -₹0.18 crore, financing cash flow was ₹0.8 crore against ₹4.67 crore, and capital expenditure was ₹0 crore compared with ₹0.18 crore in the year-ago half. Closing cash for the period was not reported.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 32.42 | 32.41 |
| Total equity | 11.56 | 11.36 |
| Borrowings | 19.47 | 18.67 |
| Cash and equivalents | 0.05 | 0 |
| Inventories | 0 | 0 |
| Trade receivables | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.76 | −4.50 |
| Cash from investing | 0 | −0.18 |
| Cash from financing | 0.80 | 4.67 |
| Capital expenditure | 0 | 0.18 |
Source: Company's results filing (XBRL).
How has Gujarat Credit Corporation done over the last 8 quarters?
The quarterly profit series shows a loss in every quarter since Q3 FY25 except Q4 FY25 and Q4 FY26. The profit peak in the series was ₹0.51 crore in Q3 FY25, while the most recent bottom was a loss of ₹0.23 crore in Q2 FY26. Q4 FY26 then returned to ₹0.5 crore before losses of ₹0.08 crore in Q1 FY27 and ₹0.05 crore in Q2 FY27.
Revenue was ₹0 crore in each of the last eight quarters, so the trend in reported revenue is flat. On profit, the direction now is towards a narrower loss: the Q2 FY27 net loss of ₹0.05 crore was smaller than the ₹0.08 crore loss in Q1 FY27 and the ₹0.23 crore loss in Q2 FY26. No EBITDA margin figures were given for the quarters in the series, so the margin trend cannot be stated.
How did Gujarat Credit Corporation shares react?
Earlier results-day moves were mixed. The stock fell 2.5% on 10 August 2026 and 1.3% on 23 June 2025, and rose 2.9% on 12 August 2025, 1.2% on 13 August 2024 and 4.3% on 15 May 2024. These are historical movements and describe how the shares traded on prior results days.
| After the filing | Stock | Other Financial Services median |
|---|---|---|
| Next day | −4.8% | −0.3% |
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 | −2.5% |
| 12 August 2025 | +2.9% |
| 23 June 2025 | −1.3% |
| 13 August 2024 | +1.2% |
| 15 May 2024 | +4.3% |
Source: MarketPing price-reaction measurement.
How did other Other Financial Services companies do?
Sixteen other companies in the Other Financial Services industry had filed results for this quarter, with a median revenue growth of -13.7%. Twelve of the 27 peers for which profit was compared reported higher profit. The filing date for the peer set was 4 November 2026.
| Gujarat Credit Corporation revenue growth (YoY) | not comparable |
|---|---|
| Median of 16 other Other Financial Services companies | −13.7% |
| Companies whose net profit rose | 12 of 27 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Gujarat Credit Corporation's revenue in Q2 FY27?
Revenue from operations was ₹0 crore, against ₹0 crore in Q2 FY26 (consolidated).
Did Gujarat Credit Corporation make a profit in Q2 FY27?
No. It reported a net loss of ₹0.05 crore, against a net loss of ₹0.23 crore in Q2 FY26.
What was Gujarat Credit Corporation's EPS in Q2 FY27?
Basic loss per share was ₹0.16, against a loss of ₹0.27 in Q2 FY26.
When did Gujarat Credit Corporation announce its Q2 FY27 results?
On 26 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Board Meeting Scheduled To Be Held On Monday, 26Th October, 2026 (BSE, 19 October 2026) · PDF
- Board Meeting Outcome for Outcome Of The Board Meeting Held On Monday, 26Th October, 2026 (BSE, 26 October 2026) · PDF
- Financial Results For Quarter And Half Year Ended On 30Th September, 2026 (BSE, 26 October 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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