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GCSL Q3 Net Profit Rises YoY to ₹6.86 Cr; Announces ₹100 Cr AIF Investment
Gretex Corporate Services reported a consolidated net profit of ₹686.51 lakhs for Q3 FY26, a significant increase from ₹127.79 lakhs in the same quarter last year, though it declined sequentially from ₹1,292.17 lakhs in Q2. Revenue from operations stood at ₹4,215.94 lakhs, showing a decline both YoY and QoQ. The company also announced a strategic move to become a 50% partner in Bahutex Ventures LLP to sponsor a Category II Alternative Investment Fund (AIF) with a corpus of up to ₹100 Crores. While yearly profit growth is strong, the sharp sequential drop in revenue and margins suggests high volatility in its merchant banking operations.
Key Highlights
Consolidated Net Profit grew to ₹686.51 lakhs in Q3 FY26 compared to ₹127.79 lakhs in Q3 FY25.
Consolidated Revenue from operations declined to ₹4,215.94 lakhs from ₹6,569.79 lakhs YoY and ₹7,955.51 lakhs QoQ.
The company will hold a 50% stake in Bahutex Ventures LLP to manage an AIF with a corpus of up to ₹100 Crores.
Consolidated EPS for the quarter stood at ₹3.03, down from ₹5.71 in the previous quarter.
Total Expenses for the quarter were ₹4,351.11 lakhs, significantly lower than the ₹7,939.81 lakhs reported in the previous year's quarter.
💼 Action for Investors
Investors should monitor the company's ability to stabilize its core revenue, which showed high sequential volatility. The entry into the AIF space is a positive long-term diversification, but the current stock performance will likely be tied to the consistency of its merchant banking pipeline.
GCSL Revises 90-Day VWAP for Warrant Issue; Issue Price Remains Unchanged at ₹300
Gretex Corporate Services Limited (GCSL) has issued an addendum to its valuation report for the preferential issue of 1,00,000 equity warrants. The company corrected a computational error in the 90-day Volume Weighted Average Price (VWAP), revising it from ₹281.30 to ₹278.42 following a query from the NSE. Despite this revision, the 10-day VWAP remains unchanged at ₹293.45, ensuring the previously determined issue price of ₹300 per warrant remains valid and compliant with SEBI regulations.
Key Highlights
90-day VWAP revised downward from ₹281.30 to ₹278.42 due to a computational error regarding non-trading days.
10-day VWAP remains unchanged at ₹293.45, serving as the higher benchmark for regulatory pricing.
Proposed issue price of ₹300 per warrant for 1,00,000 equity warrants remains unchanged and compliant.
The revision was prompted by regulatory feedback from the National Stock Exchange (NSE).
A Practicing Company Secretary (PCS) has certified that the pricing remains in compliance with SEBI ICDR Regulations.
💼 Action for Investors
Investors should view this as a technical regulatory correction that does not alter the financial terms of the fundraise. No immediate action is required as the issue price still maintains a premium over the revised regulatory minimum.
GCSL Shareholders Unanimously Approve Preferential Issue of Fully Convertible Equity Warrants
Gretex Corporate Services Limited (GCSL) has received unanimous shareholder approval for the issuance of fully convertible equity warrants on a preferential basis. The resolution was passed via a postal ballot that concluded on December 13, 2025, with 100% of the 1,64,72,603 votes cast in favor. A corrigendum was issued during the process to correct the company's listed capital figure to 2,26,39,347 shares. This move indicates a clear path for the company to raise capital through identified persons.
Key Highlights
Unanimous approval with 100% votes (1,64,72,603 shares) in favor of the preferential issue.
The resolution allows for the issuance of fully convertible equity warrants to identified persons.
Company corrected its listed and issued capital figure to 2,26,39,347 shares via a corrigendum dated December 13, 2025.
The voting process involved 40 members and was conducted via remote e-voting between Nov 14 and Dec 13, 2025.
💼 Action for Investors
Investors should monitor the specific pricing of the warrants and the identity of the allottees to evaluate the long-term impact on equity dilution and growth prospects.