GRM Overseas Limited reported its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board approved the results during a meeting held on May 29, 2026, at the company's Corporate Office in Village Naultha, Panipat, Haryana. The statutory auditors, Mehra Goel & Co., issued an unmodified opinion on the financial results. The company published the results in newspapers, Financial Express and Jansatta, on June 01, 2026, pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated Financial Performance

For the financial year ended March 31, 2026, the company reported a consolidated revenue from operations of ₹1,769.2 crore, compared to ₹1,348.2 crore in the previous year. Total income for the year rose to ₹1,805.9 crore from ₹1,374.2 crore in FY25. The net profit for the period stood at ₹76.0 crore, an increase from ₹61.2 crore in the corresponding period last year. EBITDA for the year was ₹127.0 crore, up 20.2% from ₹105.6 crore in FY25, with an EBITDA margin of 7.0%.

In the quarter ended March 31, 2026, revenue from operations was ₹597.2 crore, up from ₹291.4 crore in the same quarter of the previous year. Net profit for the quarter was ₹22.9 crore, compared to ₹20.5 crore in Q4 FY25. The company reported an EBITDA of ₹39.7 crore for the quarter, with a margin of 6.5%.

The key financial metrics for the year are summarised below:

Standalone Results

On a standalone basis, the company reported a net profit of ₹53.16 crore for FY26, compared to ₹51.00 crore in FY25. Revenue from operations for the year stood at ₹1,165.85 crore, up from ₹913.15 crore in the previous year. For the quarter ended March 31, 2026, standalone net profit was ₹14.90 crore, while revenue from operations was ₹292.88 crore.

Management Commentary

Atul Garg, Managing Director, attributed the performance to increased traction in the domestic business and sustained demand in international markets. The branded domestic business gained significant momentum, with revenues crossing ₹740 crore in FY26, a year-on-year increase of 37%. In Q4FY26 alone, the domestic business recorded revenue of ₹340 crore. The international business delivered a sustained performance, with revenue increasing by 9% YoY to ₹854 crore, though quarterly performance was subdued due to geopolitical tensions in the Middle East.

Corporate Actions

The board approved the re-appointment of M/s Umang J & Co., Chartered Accountants, as the Internal Auditor for the financial year 2026-27. The company also completed the conversion of all share warrants during the year. Additionally, a bonus issue of shares in the ratio of 2:1 was completed during the quarter ended December 31, 2025, leading to a restatement of EPS figures for previous periods. The equity share capital increased to ₹41.4 crore as of March 26, 2026, from ₹12.0 crore in the previous year.

GRM Overseas Limited has secured trading approval for 2,31,54,000 equity shares following the conversion of warrants and a bonus issue, with trading scheduled to commence on May 27, 2026. The approval, granted by the National Stock Exchange of India Limited and BSE Limited on May 26, 2026, covers shares issued to promoters and non-promoters on a preferential basis as well as bonus shares allotted in a 2:1 ratio on the underlying securities. This development increases the company's equity base and enhances liquidity for shareholders.

The issuance comprises 77,18,000 equity shares allotted to promoters and non-promoters on a preferential basis pursuant to the conversion of warrants. Additionally, 1,54,36,000 bonus equity shares were allotted in the ratio of 2:1 on the aforementioned preferential shares. All shares carry a face value of Rs. 2/- each. The preferential allotment was issued at a premium of Rs. 148/- per share, as detailed in the regulatory filings.

The National Stock Exchange confirmed the listing of 23,154,000 equity shares under the symbol GRMOVER, series EQ. The distinctive numbers for the listed securities range from 184056001 to 207210000. The exchange noted that critical price-sensitive information and other submissions must be provided through the NSE Electronic Application Processing System (NEAPS) to ensure efficient processing.

Lock-in restrictions apply to a portion of the newly issued shares. According to the annexure provided by the National Stock Exchange, 36,24,000 shares are locked in until November 30, 2027, while 1,95,30,000 shares are locked in until November 30, 2026. These restrictions are standard for preferential allotments to ensure promoter commitment and stability.

The BSE, in its communication, referenced Notice No. 20260526-21 dated May 26, 2026, informing trading members about the listing of the securities. The exchange confirmed that the shares, including the preferential allotment and bonus issue, are listed effective from Wednesday, May 27, 2026. The company's board and compliance officers have ensured all regulatory disclosures under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 were met prior to the listing.