gravity reported a net profit of ₹600.66 lakh for the fourth quarter ended June 30, 2026, a substantial increase from ₹6.60 lakh in the same period of the previous fiscal year. The company’s revenue from operations surged to ₹6,000.08 lakh, compared to ₹30.87 lakh in Q4FY25, driven primarily by higher purchases of stock-in-trade. This performance underscores a significant operational expansion for the Bhiwandi-based entity, which has seen its reserves grow to ₹1,191.72 lakh from ₹(693.97) lakh a year ago.

The Board of Directors approved the unaudited standalone financial results at a meeting held on August 10, 2026, at the company’s registered office in Bhiwandi. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, A V K A S & Co., Chartered Accountants. The filing was made pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s total revenue from operations stood at ₹6,009.60 lakh for the quarter, including other income of ₹9.52 lakh. Total expenses amounted to ₹5,204.41 lakh, with purchases of stock-in-trade constituting the largest component at ₹5,087.78 lakh. Employee benefit expenses were recorded at ₹3.88 lakh, while finance costs remained minimal at ₹0.03 lakh. Depreciation and amortization expenses totaled ₹4.05 lakh.

Profit before tax was ₹805.19 lakh. After accounting for current tax expenses of ₹202.64 lakh and deferred tax liabilities of ₹1.89 lakh, the net profit after tax reached ₹600.66 lakh. Earnings per share (basic and diluted) were ₹6.67, compared to ₹0.07 in the corresponding quarter of FY25.

What the Numbers Show

The most striking aspect of Gravity (India)’s results is the magnitude of growth in both revenue and profitability. The transition from a net profit of ₹6.60 lakh to ₹600.66 lakh represents a near 9,000% year-on-year increase. Similarly, revenue from operations expanded from ₹30.87 lakh to ₹6,000.08 lakh. This dramatic shift suggests a major scaling up of operations or a one-time significant transaction during the quarter, as evidenced by the ₹5,087.78 lakh spent on stock-in-trade purchases compared to nil in the previous year. The company’s reserves also turned positive, rising to ₹1,191.72 lakh from a deficit of ₹(693.97) lakh a year earlier, indicating improved financial health.

Regulatory Disclosures

The company confirmed that it is exempt from certain corporate governance provisions under Regulation 15(2) of the SEBI LODR Regulations, 2015, as its paid-up equity share capital does not exceed ₹10 crore and its net worth does not exceed ₹25 crore. Consequently, disclosures related to related party transactions on a consolidated basis under Regulation 23(9) are not applicable. The statutory auditors, A V K A S & Co., issued a limited review report stating that nothing came to their attention to suggest that the financial statements contained any material misstatement. The results were prepared in accordance with Ind AS 34 – Interim Financial Reporting.

Gravity has appointed Ankit Goel as an Additional Non-Executive Independent Director, effective July 24, 2026. The Board of Directors approved the appointment during a meeting held on July 24, 2026, based on the recommendation of the Nomination and Remuneration Committee. This addition to the board aims to enhance governance oversight, leveraging Goel’s background in financial operations and compliance. The appointment is subject to approval by shareholders at the ensuing general meeting.

The company disclosed the appointment pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI master circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The Board confirmed that Ankit Goel is not debarred from holding the office of Director by any order passed by SEBI or any other authority.

Ankit Goel brings experience in financial operations, accounting, and compliance across logistics and service sectors. His profile highlights exposure to financial controls, reporting, payroll management, and regulatory compliance. He possesses a practical understanding of financial discipline and risk awareness, with an interest in contributing to board-level governance in growth-stage and fintech-oriented businesses.

Appointment Details

The Board Meeting commenced at 4:00 PM and concluded at 4:15 PM on July 24, 2026. Geetanjali Malik, Company Secretary & Compliance Officer, signed the intimation letter addressed to the Bombay Stock Exchange Limited.

Governance Impact

The appointment of an independent director with a finance background signals a focus on strengthening financial oversight and regulatory compliance within the organization. Ankit Goel’s expertise in risk awareness and operational processes aligns with the company’s needs for robust board-level governance. His lack of relationship with existing directors ensures independence in decision-making processes.