Gretex Corporate Services Q2 FY27 Standalone Profit Falls 79.5% YoY

Gretex Corporate Services Limited reported standalone net profit of ₹1.66 crore for Q2 FY27, a 79.5% year-on-year decline, while standalone total income fell 63.2% to ₹5.26 crore for the quarter ended September 30, 2026. The results were released alongside board decisions on director reappointments and a shareholder postal-ballot process.

What did Gretex Corporate Services report for Q2 FY27?

Gretex Corporate Services reported standalone profit after tax of ₹1.66 crore, compared with a higher base in Q2 FY26. Total income was ₹5.26 crore, down 63.2% year-on-year but 4.0% higher than in Q1 FY27. Basic earnings per share stood at ₹0.61.

Profit before tax was ₹2.26 crore, declining 78.9% from Q2 FY26 and 22.6% from Q1 FY27. Other income was ₹0.30 crore, accounting for 5.7% of the reported standalone total income. The company operates in merchant banking, and the disclosed standalone figures reflect its own operations rather than those of subsidiaries.

The company announced the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. A supplied summary of the consolidated results cited revenue from operations of ₹75.60 crore, up 101.49% year-on-year, and net profit of ₹7.15 crore, down 44.14% year-on-year.

That same consolidated summary placed profit before tax at ₹9.67 crore, down 49.35% year-on-year, and EBITDA at ₹8.00 crore, down 80.95%. Total expenses were reported at ₹66.92 crore, an increase of 214.33% from the year-earlier quarter. These consolidated metrics should not be compared directly with the standalone income and profit figures.

Why do the standalone and consolidated figures differ?

Standalone results cover Gretex Corporate Services on its own, while consolidated results include the financial performance of its subsidiaries. This difference in reporting perimeter can produce materially different income, expense and profit figures for the same reporting period.

The data provided also contains separate result-statement references that cite revenue from operations of ₹9.61 crore, EBITDA of ₹0.23 crore and profit after tax of ₹0.17 crore for the quarter ended September 30, 2026. Those references are described as unaudited standalone presentation data and do not align with the separately supplied standalone total-income and net-profit summary.

Investors should therefore distinguish the reporting basis and the particular filing being cited before using quarter-on-quarter or year-on-year comparisons. The company’s filings and presentations in its financial-documents section are the relevant records for checking the reported scope and underlying line items.

What corporate actions did the board approve?

The board approved the reappointment of Arvind Harlalka as Whole Time Director and Alok Harlalka as Managing Director, each for five years beginning April 1, 2027. It also approved the reappointment of Rajiv Kumar Agarwal as an Independent Director for a second five-year term starting May 16, 2027.

These appointments remain subject to shareholder approval. The company initiated a postal-ballot process for shareholder ratification and fixed November 6, 2026 as the e-voting cut-off date.

During the half year, Gretex Corporate Services allotted 8,46,033 equity shares on August 8, 2026 after conversion of warrants issued on a preferential basis at ₹358 per warrant. The standalone half-year cash-flow information cited proceeds of ₹40.18 crore from the issue of share warrants and dividend payments of ₹1.69 crore.

The warrant conversion and cash-flow disclosures are relevant because they relate to the company’s capital structure and financing activity. They are separate from quarterly operating results and do not change the reported Q2 standalone profit figure.

How did the results affect Gretex Corporate Services shares and investors?

Gretex Corporate Services shares were reported at ₹786.60, up 0.61%, after the result update. The market movement occurred alongside sharply lower reported profit in both the standalone result summary and the cited consolidated result summary.

For investors, the main reported contrast is between the standalone decline in total income and profit and the cited consolidated increase in revenue from operations. The consolidated summary also showed a steep increase in total expenses, while EBITDA and profit before tax declined year-on-year.

The company scheduled an earnings conference call for November 10, 2026 at 5:00 pm IST to discuss the Q2 and first-half FY27 results. The call was announced after the unaudited financial-results release and was to be held through a virtual meeting link provided by Stock Knocks.

Management commentary on that call could provide context on the differing standalone and consolidated trends, expenses and business activity. No forward financial guidance or operational target for FY27 was included in the supplied Q2 result information.

Conclusion

Gretex Corporate Services reported a weaker standalone Q2 FY27, with net profit of ₹1.66 crore and total income of ₹5.26 crore, both lower year-on-year. Separate supplied consolidated data showed higher revenue from operations but lower profit, underlining the importance of identifying the reporting basis before assessing performance.

The next disclosed event is the November 10, 2026 earnings conference call, where management is scheduled to discuss Q2 and H1 FY27 performance. Investors can also track the postal-ballot process for director reappointments and subsequent filings relating to the warrants converted in August 2026.