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Gujarat Winding Systems Q2 FY27 results: net loss narrows to ₹0.02 crore
Gujarat Winding Systems Limited reported standalone revenue of ₹2.03 crore in Q2 FY27, against ₹0 crore in Q2 FY26, while the company remained in loss. EBITDA was a loss of ₹0.02 crore, profit before tax was a loss of ₹0.02 crore and basic EPS was ₹0.04.
Key points
- Standalone revenue was ₹2.03 crore in Q2 FY27, compared with ₹0 crore in Q2 FY26 and ₹0 crore in Q1 FY27.
- The company reported an EBITDA loss of ₹0.02 crore in Q2 FY27, with an EBITDA margin of -0.9%.
- Profit before tax and net profit were each a loss of ₹0.02 crore in Q2 FY27, against losses of ₹0.03 crore in Q2 FY26.
- Basic EPS was ₹0.04 in Q2 FY27, compared with ₹0.05 in Q2 FY26 and ₹0.02 in Q1 FY27.
- Total expenses rose to ₹2.05 crore in Q2 FY27 from ₹0.04 crore in Q2 FY26.
How did Gujarat Winding Systems perform in Q2 FY27?
Gujarat Winding Systems reported standalone revenue of ₹2.03 crore in the July–September 2026 quarter, against ₹0 crore in Q2 FY26 and ₹0 crore in Q1 FY27. Total income was ₹2.03 crore, compared with ₹0.01 crore in the year-ago quarter and ₹0.01 crore in the previous quarter. The filing gives standalone results for the quarter ended 30 September 2026.
EBITDA was a loss of ₹0.02 crore in Q2 FY27, compared with a loss of ₹0.03 crore in Q2 FY26 and a loss of ₹0.02 crore in Q1 FY27. EBITDA margin was -0.9%. Profit before tax was a loss of ₹0.02 crore in Q2 FY27, compared with losses of ₹0.03 crore in both comparison quarters, while net profit was a loss of ₹0.02 crore. Basic EPS was ₹0.04, against ₹0.05 in Q2 FY26 and ₹0.02 in Q1 FY27.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 2.03 | 0 | 0 | ||
| Other income | 0 | 0.01 | 0.01 | ||
| Total expenses | 2.05 | 0.02 | 0.04 | +5025.0% | +10150.0% |
| EBITDA | −0.02 | −0.02 | −0.03 | ||
| EBITDA margin | -0.9% | ||||
| Profit before tax | −0.02 | −0.01 | −0.03 | ||
| Tax | 0 | 0 | 0 | ||
| Net profit | −0.02 | −0.01 | −0.03 | ||
| EPS (₹) | −0.04 | −0.02 | −0.05 |
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 Winding Systems' costs and profit?
Total expenses rose to ₹2.05 crore in Q2 FY27 from ₹0.04 crore in Q2 FY26, an increase of ₹2.01 crore. The filing shows purchases of stock-in-trade of ₹202.87 lakh for the quarter. Employee benefit expense was ₹0.01 crore, higher by ₹0.01 crore than in Q2 FY26, while other expenses were ₹0.01 crore, lower by ₹0.02 crore than the year-ago quarter.
Other income was ₹0 crore in Q2 FY27, down ₹0.01 crore from Q2 FY26. Cost of materials consumed, finance costs and depreciation and amortisation were unchanged at ₹0 crore, while there was no exceptional item in either quarter. Tax expense was unchanged at ₹0 crore. The filing does not state a reason for the changes in costs or other income.
Against Q1 FY27, total expenses increased by ₹2.03 crore to ₹2.05 crore, while other income fell by ₹0.01 crore to ₹0 crore. Employee benefit expense and other expenses were unchanged at ₹0.01 crore each, and there was no exceptional item. Profit before tax and net profit each moved to a loss of ₹0.02 crore from a loss of ₹0.01 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.01 | 0 | +0.01 | |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.01 | 0.03 | −0.02 | −66.7% |
| Total expenses | 2.05 | 0.04 | +2.01 | +5025.0% |
| Other income | 0 | 0.01 | −0.01 | |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, Gujarat Winding Systems reported standalone revenue of ₹2.03 crore, compared with ₹0 crore in H1 FY26. Total income was ₹2.05 crore in H1 FY27, compared with ₹0.02 crore in H1 FY26. The filing presents these as unaudited results for the six months ended 30 September 2026.
Profit before tax and net profit were each a loss of ₹0.03 crore in H1 FY27, compared with losses of ₹0.31 crore in H1 FY26. Basic EPS was ₹0.06 in H1 FY27 against ₹0.07 in H1 FY26. Total expenses were ₹2.05 crore in the first half, compared with ₹0.02 crore in the year-ago period.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 2.03 | 0 | |
| Profit before tax | −0.03 | −0.31 | |
| Net profit | −0.03 | −0.31 | |
| EPS (₹) | −0.06 | −0.07 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹5.53 crore, compared with ₹3.44 crore at 31 March 2026. Shareholders’ funds were ₹3.26 crore, compared with ₹3.43 crore, while long-term borrowings were ₹0.12 crore against ₹0 crore at the previous balance-sheet date. Cash and cash equivalents were ₹0.05 crore, compared with ₹0.08 crore, and trade receivables were ₹2.13 crore against ₹0 crore.
For H1 FY27, net cash flow from operating activities was negative ₹0.07 crore, compared with negative ₹0.30 crore in H1 FY26. Net investing cash flow was ₹0.01 crore, compared with ₹0.30 crore, and financing cash flow was ₹0.04 crore against ₹0 crore. The cash-flow statement shows a closing cash and cash equivalents balance of ₹0.05 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 5.53 | 3.44 |
| Total equity | 3.26 | 3.43 |
| Borrowings | 0.12 | 0 |
| Cash and equivalents | 0.05 | 0.08 |
| Inventories | 0 | 0 |
| Trade receivables | 2.13 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.07 | −0.30 |
| Cash from investing | 0.01 | 0.30 |
| Cash from financing | 0.04 | 0 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Gujarat Winding Systems done over the last 8 quarters?
Revenue was ₹2.03 crore in Q2 FY27, compared with ₹0.02 crore in Q4 FY26 and ₹0 crore in the other reported quarters. Net profit improved from a loss of ₹0.49 crore in Q4 FY26 to a loss of ₹0.01 crore in Q1 FY27 and a loss of ₹0.02 crore in Q2 FY27.
The EBITDA margin was -0.9% in Q2 FY27 and -2630.0% in Q4 FY26. The reported quarterly trend therefore shows revenue rising sharply in the latest quarter, while the margin moved from the lowest reported level in Q4 FY26 to -0.9% in Q2 FY27.
How did Gujarat Winding Systems shares react?
The filing was released after market hours. The stock was up 4.9% on the reaction day from its pre-results close of ₹8.14, with the base price recorded as ₹8.54. There was no movement after 5, 15 or 30 minutes, and by the next day’s close the stock was up 0.2% from the pre-results close.
| After the filing | Stock | Paper & Paper Products median |
|---|---|---|
| 5 minutes | +0.0% | |
| 15 minutes | +0.0% | |
| 30 minutes | +0.0% | |
| Reaction day | +4.9% | −1.5% |
| Next day | +0.2% | −0.8% |
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 |
|---|---|
| 11 August 2026 | −0.7% |
| 11 May 2026 | −3.4% |
| 4 February 2026 | +0.1% |
| 13 November 2025 | −1.1% |
| 7 August 2025 | +0.9% |
| 24 May 2025 | +0.0% |
Source: MarketPing price-reaction measurement.
How did other Paper & Paper Products companies do?
Among 13 other Paper & Paper Products companies that had filed for the quarter, the median revenue growth was 24.9%. Twelve of the 14 companies compared reported higher profit. The peer data does not specify how many other companies grew faster or slower than Gujarat Winding Systems, so that split cannot be stated.
| Gujarat Winding Systems revenue growth (YoY) | not comparable |
|---|---|
| Median of 13 other Paper & Paper Products companies | +24.9% |
| Companies whose net profit rose | 12 of 14 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Gujarat Winding Systems' revenue in Q2 FY27?
Revenue from operations was ₹2.03 crore, against ₹0 crore in Q2 FY26 (standalone).
Did Gujarat Winding Systems make a profit in Q2 FY27?
No. It reported a net loss of ₹0.02 crore, against a net loss of ₹0.03 crore in Q2 FY26.
What was Gujarat Winding Systems' EPS in Q2 FY27?
Basic loss per share was ₹0.04, against a loss of ₹0.05 in Q2 FY26.
How did Gujarat Winding Systems shares react to the Q2 FY27 results?
On the reaction day the stock moved +4.9% from the previous close; the median Paper & Paper Products stock moved −1.5%.
When did Gujarat Winding Systems announce its Q2 FY27 results?
On 29 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Approval Of Unaudited Financial Results For The Quarter Ended 30Th September, 2026. (BSE, 26 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting As Per Regulation 30 Of SEBI (LODR) Regulations, 2015. (BSE, 29 October 2026) · PDF
- Financial Results On 30.09.2026 (BSE, 29 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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