GB Global half-year profit rises to Rs 51.16 crore on revenue

GB Global Limited reported consolidated profit of Rs 51.16 crore for the half year ended September 30, 2026, against Rs 12.61 crore a year earlier, as infrastructure projects contributed Rs 152.86 crore of segment revenue and Rs 71.16 crore of segment profit. The board approved the unaudited results on November 13, 2026.

How did GB Global's half-year earnings change?

GB Global's consolidated profit after tax rose to Rs 51.16 crore in the half year ended September 30, 2026, from Rs 12.61 crore in the corresponding 2025 period. Profit before tax increased to Rs 89.58 crore from Rs 15.23 crore, while total income rose to Rs 264.42 crore from Rs 79.10 crore.

Revenue from operations increased to Rs 233.05 crore from Rs 36.67 crore, while other income declined to Rs 31.37 crore from Rs 42.43 crore. Total expenses increased to Rs 174.84 crore from Rs 63.87 crore, including materials consumed of Rs 60.22 crore and changes in inventories of Rs 67.23 crore, compared with Rs 28.75 crore and an inventory credit of Rs 21.86 crore respectively a year earlier.

What drove GB Global's revenue and segment result?

GB Global's infrastructure projects generated segment revenue of Rs 152.86 crore in the half year ended September 30, 2026, with segment profit of Rs 71.16 crore. In the corresponding 2025 half year, the segment statement showed no infrastructure revenue and a segment loss of Rs 2.90 crore, making infrastructure the principal reported change in the operating mix.

Textiles revenue rose to Rs 73.04 crore from Rs 36.67 crore, but the segment moved to a loss of Rs 19.83 crore from a profit of Rs 2.34 crore. The segment statement also recorded unallocated income of Rs 31.37 crore and unallocated profit of Rs 38.52 crore for the 2026 half year, while finance costs were Rs 0.27 crore.

The rise in pre-tax profit was followed by a tax expense of Rs 38.42 crore, compared with Rs 2.46 crore in the prior-year half year. The 2026 charge comprised current tax of Rs 18.54 crore and deferred tax of Rs 19.88 crore; despite that increase, profit after tax rose by Rs 38.55 crore year on year.

What happened to GB Global's cash flow and balance sheet?

GB Global generated Rs 61.18 crore from consolidated operating activities in the half year ended September 30, 2026, compared with cash used of Rs 64.14 crore in the prior-year period. The cash-flow statement recorded a Rs 83.00 crore positive movement in working capital in 2026, against a Rs 64.14 crore negative movement in the 2025 half year.

Investing activities used Rs 165.72 crore, compared with Rs 112.44 crore generated in the corresponding 2025 period. Consolidated cash and cash equivalents closed at Rs 10.12 crore on September 30, 2026, versus Rs 10.83 crore a year earlier, after a reported net decrease of Rs 95.48 crore during the 2026 half year.

Total assets were Rs 873.41 crore at September 30, 2026, compared with Rs 874.71 crore at March 31, 2026. Total liabilities declined to Rs 379.60 crore from Rs 528.46 crore over the same dates, while bank balances other than cash equivalents, including fixed deposits and margin money, were Rs 69.91 crore at September 30, 2026 against Rs 28.56 crore a year earlier.

What does GB Global's amalgamation mean for the filing?

GB Global was amalgamated with Dev Land & Housing Limited under an August 12, 2026 order of the National Company Law Tribunal, Mumbai Bench. The certified order was filed with the Registrar of Companies, Mumbai, through e-Form INC-28 on September 11, 2026, and GB Global was dissolved without winding up under the order.

Dev Land & Housing Limited held about 99.93% of GB Global's paid-up equity share capital before approval of the amalgamation scheme. Dev Land & Housing Limited is making filings for obligations that accrued up to delisting, but said its filings for those periods cover GB Global's operations only rather than the successor company's entire business.

GB Global's shares remain listed but were not permitted to trade pending procedural compliance and completion of delisting, according to the filing. Dev Land & Housing Limited said it would take the required delisting steps and provide documents sought by the stock exchanges, while reporting that no specific guidance or definitive resolution had been received as of November 13, 2026.

Conclusion

GB Global's Rs 51.16 crore half-year profit reflected revenue from operations of Rs 233.05 crore and a major contribution from infrastructure projects, whose Rs 71.16 crore segment profit outweighed the Rs 19.83 crore textiles loss. The period also showed operating cash generation of Rs 61.18 crore, although investing activities used Rs 165.72 crore.

The next disclosed matter is completion of the delisting process following the August 12, 2026 amalgamation with Dev Land & Housing Limited. The filing also leaves the textiles segment's loss and the reported Rs 95.48 crore reduction in cash and cash equivalents as matters to track in subsequent disclosures.