G.S.Auto September-quarter profit rises to Rs 1.2073 crore

G.S.Auto International Limited reported standalone net profit of Rs 1.2073 crore for the quarter ended 30 September 2026, up from Rs 66.63 lakh a year earlier, as revenue from operations increased to Rs 39.6189 crore from Rs 31.1789 crore. The board approved the unaudited results on 6 November 2026.

How did G.S.Auto perform in the September 2026 quarter?

G.S.Auto recorded revenue from operations of Rs 39.6189 crore in the quarter ended 30 September 2026, an increase of Rs 8.44 crore from Rs 31.1789 crore in the corresponding quarter a year earlier. Other income was Rs 4.09 lakh, taking total income to Rs 39.6598 crore, compared with Rs 31.2114 crore in the September 2025 quarter. The company states that it operates in one segment, Auto Components.

G.S.Auto’s profit before tax rose to Rs 1.6261 crore from Rs 79.22 lakh, while net profit increased by Rs 54.10 lakh to Rs 1.2073 crore. Deferred-tax expense was Rs 41.88 lakh, compared with Rs 12.59 lakh in the prior-year quarter, and no current-tax charge was reported in either period. Basic and diluted earnings per share were each Rs 0.12 for the September 2026 quarter, against Rs 0.46 each a year earlier.

What changed in G.S.Auto’s quarterly cost base?

G.S.Auto reported total expenses of Rs 38.0337 crore for the September 2026 quarter, compared with Rs 30.4192 crore in the year-earlier quarter. Cost of material consumed increased to Rs 19.3315 crore from Rs 15.2129 crore, while employee-benefit expense rose to Rs 8.2966 crore from Rs 5.7436 crore. These two categories together increased by Rs 6.67 crore year on year.

Other expenses rose to Rs 9.7911 crore from Rs 7.449 crore, while finance costs increased to Rs 93.68 lakh from Rs 90.56 lakh. Depreciation and amortisation expense was Rs 98.84 lakh, marginally above Rs 98.33 lakh a year earlier. The filing also recorded a negative Rs 1.3107 crore change in inventories of finished goods, work in progress and stock in trade, compared with a positive Rs 12.48 lakh change in the September 2025 quarter.

G.S.Auto’s expense increase of Rs 7.6145 crore was lower than its total-income increase of Rs 8.4484 crore between the two September quarters. That difference was reflected in the Rs 82.83 lakh increase in profit before tax, from Rs 79.22 lakh to Rs 1.6261 crore. The filing does not provide product-level revenue or margin data within its single Auto Components segment.

What do G.S.Auto’s half-year results show?

G.S.Auto reported revenue from operations of Rs 75.0928 crore for the half year ended 30 September 2026, up from Rs 68.8106 crore for the half year ended 30 September 2025. Other income was Rs 9.80 lakh, compared with Rs 6.51 lakh, and total income rose to Rs 75.1908 crore from Rs 68.8757 crore. The six-month revenue increase was therefore Rs 6.2822 crore.

G.S.Auto’s half-year profit before tax was Rs 3.0537 crore, more than the Rs 1.5152 crore reported a year earlier. Net profit increased to Rs 2.479 crore from Rs 1.275 crore, after deferred-tax expense of Rs 57.47 lakh versus Rs 24.02 lakh in the prior-year period. Basic and diluted earnings per share were both Rs 0.57, compared with Rs 0.88 each in the year-earlier half year.

The September quarter contributed Rs 1.2073 crore of the Rs 2.479 crore half-year net profit. In the preceding quarter ended 30 June 2026, G.S.Auto reported profit before tax of Rs 1.4276 crore, compared with Rs 1.6261 crore in the September quarter. Revenue from operations increased sequentially to Rs 39.6189 crore from Rs 35.4739 crore.

How did G.S.Auto’s balance sheet change by September?

G.S.Auto’s total assets were Rs 105.7228 crore at 30 September 2026, compared with Rs 94.7235 crore at 31 March 2026. Current assets increased to Rs 63.488 crore from Rs 51.0287 crore, including inventory of Rs 33.4012 crore versus Rs 29.9695 crore and trade receivables of Rs 19.8303 crore versus Rs 17.2978 crore. Other current assets also increased to Rs 5.7288 crore from Rs 2.6868 crore.

Total equity rose to Rs 43.6601 crore at 30 September 2026 from Rs 26.9838 crore at 31 March 2026. Equity share capital was Rs 14.5146 crore, compared with Rs 7.2573 crore, while other equity increased to Rs 29.1455 crore from Rs 19.7265 crore. Total liabilities declined to Rs 62.0627 crore from Rs 67.7397 crore over the same period.

G.S.Auto’s long-term borrowings rose to Rs 9.3648 crore from Rs 6.2886 crore, while short-term borrowings declined to Rs 18.033 crore from Rs 18.3577 crore. Trade payables due to creditors other than micro and small enterprises fell to Rs 15.2051 crore from Rs 19.6719 crore. The balance sheet therefore shows higher inventory and receivables alongside a reduction in total liabilities.

Did G.S.Auto generate operating cash in the first half?

G.S.Auto reported net cash used in operating activities of Rs 14.1375 crore for the period ended 30 September 2026, compared with net cash generated from operating activities of Rs 7.6382 crore for the year ended 31 March 2026. Operating profit before working-capital changes was Rs 6.748 crore in the half year. Changes in working-capital items resulted in cash generated from operations of negative Rs 14.1375 crore.

The cash-flow statement recorded an increase in inventory of Rs 3.4317 crore and an increase in trade receivables of Rs 2.5325 crore during the half year. It also recorded increases in other financial assets of Rs 3.3933 crore and other assets of Rs 3.1039 crore. These movements occurred alongside the balance-sheet increases in inventory to Rs 33.4012 crore and receivables to Rs 19.8303 crore at 30 September 2026.

G.S.Auto raised net cash of Rs 15.0916 crore from financing activities during the half year, including Rs 1.2573 crore from increased share capital, Rs 6.9402 crore in securities premium and Rs 2.7515 crore from borrowings. It used Rs 89.44 lakh in investing activities, including Rs 97.44 lakh for property, plant and equipment and capital work in progress. Cash and cash equivalents ended the period at Rs 17.52 lakh, up from Rs 11.55 lakh at the start of the year.

Were G.S.Auto’s September results audited?

G.S.Auto’s standalone financial results for the quarter and half year ended 30 September 2026 were unaudited and reviewed by C S Arora & Associates. The auditor conducted a limited review under Standard on Review Engagements 2410, which it described as substantially less extensive than an audit. The auditor’s conclusion was not modified.

G.S.Auto’s audit committee reviewed the results before the board approved and took them on record on 6 November 2026. The board meeting began at 3:00 p.m. and concluded at 3:25 p.m., according to the filing. The company submitted the results under Regulations 30 and 33 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.

Conclusion

G.S.Auto delivered higher revenue and profit in both the September quarter and the first half of financial year 2026-27. Quarterly revenue from operations rose to Rs 39.6189 crore and net profit reached Rs 1.2073 crore, while half-year net profit increased to Rs 2.479 crore from Rs 1.275 crore. Material, employee-benefit and other expenses also increased during the quarter.

The disclosed unresolved matter to watch is working capital: inventory stood at Rs 33.4012 crore and trade receivables at Rs 19.8303 crore on 30 September 2026, while half-year operating cash flow was negative Rs 14.1375 crore. Future results will show how these balances change alongside the Auto Components segment’s revenue and financing cash flows.