GFL returns to profitability with ₹4,502 lakh consolidated net profit in FY26
GFL Limited returned to profitability in FY26 with a consolidated net profit of ₹4,502 lakh, compared to a net loss of ₹7,559 lakh in the previous year. The performance was bolstered by a share of profit from associates amounting to ₹5,073 lakh. On a standalone basis, the company posted a net profit of ₹163 lakh. The Board approved the audited financial results, the re-appointment of an internal auditor, and the re-appointment of an independent director via postal ballot.
*this image is generated using AI for illustrative purposes only.
GFL Limited reported a consolidated net profit of ₹4,502 lakh for the financial year ended March 31, 2026, reversing the net loss of ₹7,559 lakh recorded in the previous year. The turnaround was primarily driven by a share of profit from associates, which totaled ₹5,073 lakh for the year compared to a loss of ₹5,051 lakh in FY25. On a standalone basis, the company recorded a net profit of ₹163 lakh, recovering from a net loss of ₹3,403 lakh in the prior year, aided by a lower tax expense.
The Board of Directors, at its meeting held on May 29, 2026, approved the audited standalone and consolidated financial results. M/s. Patankar & Associates, Chartered Accountants, issued an audit report with an unmodified opinion on the results. The Board also approved the re-appointment of M/s. Shanti Prashad & Co. as Internal Auditors for the financial year 2026-27.
Consolidated Financial Performance
For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹2,556 lakh, a significant increase from the net loss of ₹1,829 lakh in the corresponding quarter of the previous year. Total revenue from operations for the quarter rose to ₹89 lakh from ₹84 lakh in the prior year quarter. The share of profit from associates for the quarter was ₹2,964 lakh, compared to a loss of ₹2,172 lakh in the same period last year.
| Metric | Year Ended 31-03-2026 (₹ in Lakhs) | Year Ended 31-03-2025 (₹ in Lakhs) |
|---|---|---|
| Total Revenue from Operations | 368 | 332 |
| Total Expenses | 195 | 155 |
| Share of Profit/(Loss) of Associate | 5,073 | (5,051) |
| Profit Before Tax | 5,275 | (4,841) |
| Net Profit/(Loss) for the Year | 4,502 | (7,559) |
Standalone Financial Results
On a standalone basis, GFL recorded a net profit of ₹163 lakh for FY26, recovering from a net loss of ₹3,403 lakh in the previous year. The recovery was aided by a lower tax expense of ₹41 lakh compared to ₹3,607 lakh in the prior year, which included a one-time deferred tax liability remeasurement charge of ₹3,558 lakh due to changes in tax rates. Total revenue from operations for the year increased to ₹368 lakh from ₹332 lakh in FY25.
Board Approvals and Corporate Governance
The Board approved the reappointment of Mr. Shashi Kishore Jain as a Non-Executive Independent Director for a second consecutive term of five years, effective from May 30, 2026, subject to shareholder approval. A notice of postal ballot was approved to seek shareholder consent for this appointment. Additionally, the Board approved the Scheme of Merger by Absorption for amalgamating INOX Infrastructure Limited, a wholly-owned subsidiary, with the company, effective from April 1, 2026, subject to regulatory approvals.
Historical Stock Returns for GFL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.43% | -2.03% | -3.64% | -21.89% | -25.76% | -41.41% |
What factors contributed to the significant swing in the share of profit from associates, and is this level of profit sustainable?
How will the merger of INOX Infrastructure Limited impact GFL's operational efficiency and financial structure?
What strategic initiatives are in place to drive growth in standalone revenue, given the modest year-over-year increase?
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