GOCL Corporation506480Quarterly results
Board approves results, auditor flags guarantee emphasis of matter; NCLT sets November 24 merger meetings
Board approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 410.63 | 222.02 | +85% | 428.51 | −4.2% |
| Total income | 6,675.75 | 5,569.64 | +19.9% | 6,312.87 | +5.7% |
| Profit before tax | 4,976.76 | 3,249.05 | +53.2% | 5,624.31 | −11.5% |
| Profit after tax | 4,050.11 | 1,403.07 | +189% | 4,039.87 | +0.3% |
| Total comprehensive income | 3,794.19 | 4,471.12 | −15.1% | 3,863.08 | −1.8% |
| Basic EPS | 8.17 | 2.83 | +189% | 8.15 | +0.2% |
- Total income YoY growth
- +19.9% (year ago 5,569.64)
- Profit after tax YoY growth
- 4,050.11 Lakhs, +189% (year ago 1,403.07)
- Period
- Sept 30, 2026
Also decided at the meeting
- Noted NCLT Amaravati Bench order dated October 08, 2026 directing meetings of equity shareholders and unsecured creditors on the Scheme of Merger by Absorption of HNPCL with GOCL.
- Took note of the notice and explanatory statement for the NCLT-convened meetings, to be held on Tuesday, November 24, 2026 at 11:00 a.m. IST through VC/OAVM.
Auditor's review
Conclusion: Unmodified
- Emphasis of matter: corporate guarantees aggregating Rs. 131,610 lakhs were not processed as Related Party Transactions without prior approvals; later ratified and post-facto shareholder approval obtained July 07, 2026.
- Other matter: interim financial information of one foreign subsidiary (total assets Rs. 98,282.41 lakhs) was reviewed by another auditor.
Notes to the results
- Unrealised exchange gain on put option of Rs. 246.18 lakhs classified as exceptional item for quarter ended Sept 30, 2026; fair valuation loss of Rs. 1,443.19 lakhs recognised in OCI.
- Detonators/blasting devices operations and IDL presented as discontinued operations; quarter profit after tax from discontinued operations Rs. 514.23 lakhs.
- Advance of Rs. 11,168.42 lakhs (net) received from Squarespace during the quarter for Kukatpally land sale; no further land sale in the half year.
- Ecopolis, Bengaluru property held for sale to Tata Realty SPVs for approx. Rs. 81,500 lakhs; sale not yet executed.
What the board decided
- Approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, together with the auditors' Limited Review Reports.
- Took note of the National Company Law Tribunal order dated October 08, 2026 (Amaravati Bench), which directs the company to convene meetings of its equity shareholders and unsecured creditors for the proposed Scheme of Merger by Absorption of Hinduja National Power Corporation Limited into GOCL Corporation Limited.
- Reviewed the notice, explanatory statement and accompanying documents for those meetings.
Merger meetings on November 24, 2026
- Both meetings, of equity shareholders and of unsecured creditors, are to be held on Tuesday, November 24, 2026 at 11:00 a.m. IST through video conferencing and other audio-visual means.
- Shareholders and creditors vote on the scheme at these meetings; the scheme remains subject to statutory and regulatory approvals.
How the auditors' review reads
- The conclusion is unmodified for both the consolidated and the standalone results: nothing came to the auditors' attention to suggest a material misstatement.
- Emphasis of Matter: corporate guarantees aggregating Rs. 131,610 lakhs were not processed as Related Party Transactions, so prior approval of the Audit Committee, Board and shareholders was not obtained. These were later ratified by the Audit Committee and the Board on May 29, 2026, and post-facto shareholders' approval was obtained on July 07, 2026 through postal ballot; the company is in the process of making necessary applications to the regulatory authorities.
- The auditors did not modify their conclusion in respect of this matter, and management's assessment is that the outcome is not expected to have a material impact.
- One overseas subsidiary's interim financial information was reviewed by another auditor, and the conclusion relies on that review report.
Quarter in numbers (consolidated)
- Total Income: Rs. 6,676.75 lakhs
- Revenue from operations: Rs. 410.63 lakhs
- Other income: Rs. 6,265.12 lakhs
- Net profit after tax: Rs. 4,050.11 lakhs
- Reading the lines together: the quarter's income is dominated by other income rather than revenue from operations.
Dividend and other notes
- A final dividend of Rs. 30 per equity share, aggregating Rs. 14,871.75 lakhs, was declared at the annual general meeting held on September 29, 2026 and paid after the quarter end.
- The company received an advance of Rs. 11,168.42 lakhs (net) from Squarespace Builders Private Limited during the quarter, in connection with the proposed sale of its Kukatpally, Hyderabad land parcel.
- The detonators and other blasting devices manufacturing operations at Kukatpally are presented as discontinued operations, with the related assets and liabilities shown as held for sale.
What a retail investor can take away
- This is a results-plus-merger-progress update; the immediate forward event is the shareholder and unsecured creditor vote on the merger scheme.
- The auditors' emphasis of matter on guarantees is a governance item to track, while their review conclusion itself is unchanged.
Rs. 14,871.75 lakhsFinal dividend aggregate
Total income, latest quarter6,675.75 (Rs. in Lakhs)
Profit after tax, latest quarter4,050.11 (Rs. in Lakhs)
Total comprehensive income, latest quarter3,794.19 (Rs. in Lakhs)
Revenue from operations, latest quarter410.63 (Rs. in Lakhs)
Rs. 4,050.11 lakhs+0.3%
Previous4,039.87 (Rs. in Lakhs)AfterRs. 4,050.11 lakhs
Also from GOCL Corporation
NCLT-convened shareholder meeting on Nov 24 for proposed HNPCL merger into GOCL
21 Oct 2026
Board Meeting on October 19, 2026 to Consider and Approve Un-audited Financial Results
13 Oct 2026
NCLT Amaravati directs meetings of equity shareholders and unsecured creditors for merger scheme
8 Oct 2026
More numbers
- Consolidated Total Income for the quarterRs. 6,676.75 lakhs
- Consolidated Other income for the quarterRs. 6,265.12 lakhs
- Corporate guarantees aggregatingRs. 131,610 lakhs
- Final dividend per equity shareRs. 30 per equity share
- Final dividend aggregateRs. 14,871.75 lakhs
- Advance received from Squarespace Builders (net)Rs. 11,168.42 lakhs
- Total income, latest quarter6,675.75 (Rs. in Lakhs)
- Total income, year-ago quarter5,569.64 (Rs. in Lakhs)
- Total income, previous quarter6,312.87 (Rs. in Lakhs)
- Total comprehensive income, latest quarter3,794.19 (Rs. in Lakhs)
- Total comprehensive income, year-ago quarter4,471.12 (Rs. in Lakhs)
- Total comprehensive income, previous quarter3,863.08 (Rs. in Lakhs)
- Profit after tax, latest quarter4,050.11 (Rs. in Lakhs)
- Profit after tax, year-ago quarter1,403.07 (Rs. in Lakhs)
- Profit after tax, previous quarter4,039.87 (Rs. in Lakhs)
- Revenue from operations, latest quarter410.63 (Rs. in Lakhs)
- Revenue from operations, year-ago quarter222.02 (Rs. in Lakhs)
- Revenue from operations, previous quarter428.51 (Rs. in Lakhs)
- Profit before tax, latest quarter4,976.76 (Rs. in Lakhs)
- Profit before tax, year-ago quarter3,249.05 (Rs. in Lakhs)
- Profit before tax, previous quarter5,624.31 (Rs. in Lakhs)
Source: BSE · 19 Oct 2026
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