Gujarat Natural Resources Q2 profit rises 10.4% to ₹4.24 crore

Gujarat Natural Resources Limited reported a 10.4% year-on-year rise in consolidated net profit to ₹4.24 crore for the quarter ended September 30, 2026, while consolidated revenue from operations increased 17.9% to ₹10.19 crore. The Q2FY27 result indicates higher consolidated operating contribution from the company’s group entities.

What did Gujarat Natural Resources report for Q2FY27?

Gujarat Natural Resources reported consolidated net profit of ₹4.24 crore in Q2FY27, compared with ₹3.84 crore in the corresponding quarter of the previous financial year. Revenue from operations rose to ₹10.19 crore from ₹8.65 crore a year earlier, representing growth of about 17.9%.

The results were approved by the board at its meeting on November 4, 2026. The board considered and approved standalone and consolidated unaudited financial results for the quarter and half-year ended September 30, 2026, along with the limited review report issued by statutory auditor G M C A & Co.

How did the September-quarter result unfold?

The September-quarter update followed the company’s board-meeting intimation for November 4, made under Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The stated purpose was to consider the unaudited standalone and consolidated results for the September quarter and half year.

The consolidated outcome was materially shaped by the contribution of subsidiaries, including GNRL Oil & Gas India Pvt Limited and Heramec Oil & Gas (Singapore) Pte Ltd. The source notes that standalone figures remained modest, while the consolidated accounts reflected the operating contribution of these entities.

A deferred tax credit of ₹0.57 crore was recorded in Q2FY27. This credit meant reported net profit exceeded profit before tax for the quarter. The disclosure is relevant when assessing the relationship between the reported bottom line and underlying pre-tax earnings.

What are the key Q2FY27 financial figures?

GNRL’s key consolidated figures show revenue growing faster than net profit on a year-on-year basis, with revenue increasing by ₹1.55 crore and net profit rising by ₹0.40 crore. The data points to a higher scale of consolidated operations during the quarter.

The reported revenue and profit figures are consolidated numbers. They should therefore be read as the performance of the group rather than solely that of the listed parent company’s standalone business.

What is the background to GNRL's recent financial performance?

The Q2FY27 release follows a stronger March 2026 quarter reported earlier by GNRL. For the quarter ended March 2026, the company reported consolidated sales of ₹11.20 crore, compared with ₹4.33 crore in the March 2025 quarter, while consolidated net profit was ₹1.05 crore against a net loss of ₹1.59 crore a year earlier.

For the full year ended March 2026, reported sales were ₹30.53 crore, up from ₹20.05 crore in the preceding year. Full-year net profit was ₹9.89 crore, compared with a net loss of ₹3.76 crore in the year ended March 2025. These figures provide context for the higher revenue reported in the September 2026 quarter.

The company also disclosed a 1:10 stock split approved at its 35th annual general meeting on September 30, 2026. Each equity share with a face value of ₹10 was approved for subdivision into 10 equity shares with a face value of ₹1 each.

How does the result matter to investors and operations?

For investors, the Q2FY27 update provides a confirmed set of consolidated financial data after the board’s approval and statutory limited review. The 17.9% increase in revenue and 10.4% growth in net profit show that the group’s reported earnings were higher than the comparable prior-year period.

The deferred tax credit is an important item in evaluating the result. Since ₹0.57 crore of deferred tax credit contributed to the quarter, investors assessing recurring profitability may distinguish between pre-tax operating performance and the final reported net profit.

The results also underline the importance of GNRL’s subsidiaries to the consolidated numbers. With standalone performance described as modest in the disclosed context, the activities and financial contribution of group entities remain central to understanding the company’s reported revenue and profitability.

Conclusion

Gujarat Natural Resources delivered higher consolidated revenue and net profit in Q2FY27, reporting ₹10.19 crore of revenue and ₹4.24 crore of net profit. The result was approved on November 4, 2026 and included a ₹0.57 crore deferred tax credit that lifted profit after tax relative to profit before tax.

The next disclosed financial reference point is the company’s subsequent quarterly reporting cycle. Investors can watch for whether consolidated revenue growth continues, the contribution from GNRL Oil & Gas India Pvt Limited and Heramec Oil & Gas (Singapore) Pte Ltd, and the treatment of tax-related items in future results.