Gallops Enterprise Limited announced its unaudited financial results for the third quarter ended December 31, 2025, under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors approved the results during their meeting held on February 13, 2026, at the company's registered office in Ahmedabad, which commenced at 4:00 PM and concluded at 4:20 PM.

Financial Performance Overview

The company reported substantial improvement in its financial metrics for Q3FY26. Total income from operations reached ₹1.41 lakhs, marking a dramatic increase from ₹0.02 lakhs in the corresponding quarter of the previous year. This growth was primarily driven by other operating income of ₹1.38 lakhs, while net sales remained minimal at ₹0.03 lakhs.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Gallops Enterprise demonstrated consistent improvement across key financial parameters. The company achieved a total comprehensive income of ₹8.44 lakhs compared to a loss of ₹21.13 lakhs in the corresponding nine-month period of the previous year.

Internal Auditor Appointment

In a significant corporate governance development, the Board of Directors appointed M/s. Adwani Peshavaria & Co., Chartered Accountants as the company's internal auditor for a five-year term from FY2025-26 to FY2029-30. The appointment was made effective February 13, 2026, in compliance with Regulation 30 of SEBI Listing Regulations.

Professional Services Profile

The appointed firm specializes in corporate law, secretarial compliances, taxation, audit, accountancy, valuation, and consultancy services. The firm offers comprehensive professional services including statutory audit, internal audit, tax audit, GST audit, management audit, and stock audit services. The firm is led by experienced professionals CA Ram Adwani and CA Dhaval Peshavaria, both Fellow Members of ICAI with extensive expertise in their respective domains.

Regulatory Compliance

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015. The results were reviewed by the audit committee and approved by the Board of Directors. The company maintained its paid-up equity share capital at ₹501.14 lakhs with a face value of ₹10 per share throughout the reporting periods. The limited review report was issued by S K Jha & Co., Chartered Accountants, confirming compliance with applicable accounting standards and SEBI regulations.

Gallops Enterprise Limited, an Ahmedabad-based company, has reported a turnaround in its financial performance for the second quarter of the fiscal year 2025-26. The company's unaudited financial results, approved by its Board of Directors on November 11, 2025, show a significant improvement from the previous year's figures.

Key Financial Highlights

All figures in ₹ lakhs, except EPS

Profit Turnaround

Gallops Enterprise has reported a profit before tax of ₹5.55 lakhs for the quarter ended September 30, 2025, marking a significant improvement from the loss of ₹7.68 lakhs in the corresponding quarter of the previous year. This turnaround is particularly noteworthy given that the company's net sales from operations remained at zero.

Revenue and Expenses

While the company did not generate any revenue from operations, it reported other operating income of ₹0.35 lakhs for the quarter. Total expenses for Q2 FY2026 were ₹0.35 lakhs, substantially lower than the ₹7.68 lakhs reported in Q2 FY2025.

Financial Position

As of September 30, 2025, Gallops Enterprise's cash and cash equivalents stood at ₹59.11 lakhs, compared to ₹60.00 lakhs as of March 31, 2025. The company's equity share capital remained unchanged at ₹501.14 lakhs, with a face value of ₹10 per share.

Cash Flow

The cash flow statement reveals that net cash flow from operating activities was negative ₹10.20 lakhs for the half-year ended September 30, 2025. This indicates that the company's operations consumed more cash than they generated during this period.

Management Commentary and Auditor's Review

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 11, 2025. S K Jha & Co., the company's auditors, conducted a limited review of the financial results. They stated that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

Conclusion

While Gallops Enterprise has shown improvement in its bottom line, the absence of operational revenue and the negative cash flow from operations could be areas of concern. Investors and analysts may want to closely monitor the company's ability to generate revenue from operations in the coming quarters.

Note: All financial figures are in Indian Rupees (₹) and are reported in lakhs as per the company's financial statements.