GlobalSpace half-year profit rises to Rs 1.85 crore on revenue

GlobalSpace Technologies Limited reported consolidated profit after tax of Rs 1.85 crore for the half year ended September 30, 2026, compared with Rs 3.96 lakh a year earlier, as revenue from operations rose 44% to Rs 27.09 crore. The board took the unaudited results on record on November 4, 2026.

How did GlobalSpace perform in the first half of FY27?

GlobalSpace recorded total income of Rs 27.15 crore in the half year ended September 30, 2026, up from Rs 18.80 crore in the corresponding 2025 period. Revenue from operations contributed Rs 27.09 crore, while other income was Rs 6.39 lakh, compared with Rs 1.55 lakh of other income a year earlier.

GlobalSpace’s profit before tax rose to Rs 4.07 crore from Rs 53.66 lakh in the prior-year half. Total expenses increased to Rs 23.08 crore from Rs 18.27 crore, but the increase in total income exceeded the increase in expenses. There were no exceptional items reported for either half-year period.

GlobalSpace reported tax expense of Rs 2.22 crore, comprising Rs 1.01 crore of current tax and Rs 1.21 crore of deferred tax. The prior-year tax charge was Rs 49.70 lakh, including Rs 23 lakh of current tax and Rs 26.70 lakh of deferred tax. Profit after tax therefore increased from Rs 3.96 lakh to Rs 1.85 crore.

GlobalSpace reported basic and diluted earnings per equity share of Rs 0.54 for the half year, compared with the prior-year result shown as negative zero. Paid-up equity share capital was Rs 34.37 crore at September 30, 2026, based on shares with a face value of Rs 10 each.

What changed in GlobalSpace’s quarterly performance?

GlobalSpace reported September-quarter profit after tax of Rs 1.15 crore, compared with a loss of Rs 11.98 lakh in the quarter ended September 30, 2025. Revenue from operations rose to Rs 12.45 crore from Rs 10.01 crore, while profit before tax increased to Rs 1.63 crore from Rs 39.19 lakh.

GlobalSpace’s September-quarter revenue declined from Rs 14.64 crore in the June 2026 quarter, while profit after tax rose from Rs 70.08 lakh. The June quarter included Rs 6.39 lakh of other income, whereas the September quarter reported no other income, according to the consolidated results.

GlobalSpace’s first-half cost of materials consumed increased to Rs 8.51 crore from Rs 4.94 crore, and other expenses rose to Rs 5.48 crore from Rs 4.56 crore. Employee benefits expense declined to Rs 5.03 crore from Rs 6.38 crore, while depreciation and amortisation increased to Rs 2.12 crore from Rs 96.75 lakh.

GlobalSpace’s finance cost fell to Rs 29.12 lakh in the first half from Rs 47.81 lakh a year earlier. The results show that total income increased by more than total expenses during the period, resulting in profit before tax of Rs 4.07 crore versus Rs 53.66 lakh in the preceding first half.

What do GlobalSpace’s cash flows and borrowings show?

GlobalSpace generated Rs 2.77 crore of net cash from operating activities during the half year ended September 30, 2026, compared with Rs 6.07 crore in the corresponding 2025 half. Cash generated from operations was Rs 4.29 crore before net taxes paid of Rs 1.52 crore.

GlobalSpace used Rs 8.05 crore in investing activities, compared with Rs 4.57 crore used in the prior-year half. Purchases of fixed assets, including intangible assets under development, accounted for Rs 6.42 crore, while the cash-flow statement reported a Rs 1.63 crore outflow under investment in subsidiary or sale of shares.

GlobalSpace generated Rs 5.20 crore from financing activities, compared with an outflow of Rs 1.15 crore a year earlier. The main financing movement was a Rs 5.30 crore net increase in short-term borrowings, alongside a Rs 19.42 lakh net increase in long-term borrowings and Rs 29.12 lakh of interest and finance charges.

GlobalSpace’s cash and cash equivalents fell by Rs 8.62 lakh during the half year to Rs 6.60 lakh at September 30, 2026, compared with Rs 15.23 lakh at March 31, 2026. The decline followed the Rs 8.05 crore investing outflow, which exceeded the combined operating and financing cash inflows.

How did GlobalSpace’s balance sheet change?

GlobalSpace reported total assets of Rs 75.84 crore at September 30, 2026, compared with Rs 66.78 crore at March 31, 2026. Non-current assets were Rs 58.55 crore and current assets were Rs 17.29 crore at the half-year date.

GlobalSpace’s intangible assets under development rose to Rs 25.52 crore at September 30 from Rs 13.70 crore at the March year-end. Intangible assets increased to Rs 19.24 crore from Rs 18.38 crore, while investments increased to Rs 2.64 crore from Rs 1.01 crore.

GlobalSpace’s trade receivables decreased to Rs 4.09 crore from Rs 4.52 crore between March 31 and September 30, while loans increased to Rs 6.69 crore from Rs 4.36 crore. Inventories declined to Rs 41.13 lakh from Rs 2.05 crore over the same period.

GlobalSpace reported total equity of Rs 60.18 crore at September 30, 2026, compared with Rs 56.95 crore at March 31. Total liabilities rose to Rs 13.91 crore from Rs 10.17 crore, including current borrowings of Rs 8.09 crore versus Rs 2.79 crore at the year-end.

What did the limited review say about GlobalSpace’s subsidiaries?

GlobalSpace’s consolidated September 2026 results were subject to a limited review by Bansilal Shah & Co, rather than an audit. The auditor said a review provides moderate assurance, is based primarily on inquiries and analytical procedures, and does not result in an audit opinion.

GlobalSpace’s auditor said nothing had come to its attention indicating a material misstatement, except that it had not reviewed the accounts of the subsidiary and relied on financial statements drafted by subsidiary management. The consolidated statement includes Miljon Medi App Private Limited, in which GlobalSpace holds 95.00%, and Innopharma Healthcare Private Limited, in which it holds 51.00%.

GlobalSpace also stated that debtors, creditors and loan balances are subject to confirmations. At September 30, 2026, consolidated trade receivables were Rs 4.09 crore, trade payables to creditors other than micro and small enterprises were Rs 1.36 crore, and loans were Rs 6.69 crore.

Conclusion

GlobalSpace’s first-half results show a move from Rs 3.96 lakh consolidated profit to Rs 1.85 crore, supported by 44% revenue growth to Rs 27.09 crore and profit before tax of Rs 4.07 crore. At the same time, operating cash generation declined to Rs 2.77 crore, investing activities used Rs 8.05 crore, and closing cash stood at Rs 6.60 lakh.

The unresolved matters disclosed in the filing are the confirmation of debtors, creditors and loan balances, and the auditor’s reliance on management-prepared subsidiary financial statements for its limited review. Current borrowings of Rs 8.09 crore at September 30, 2026, up from Rs 2.79 crore at March 31, are another reported balance to monitor in future disclosures.