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.

Gallops Enterprise Limited, a diversified company based in Ahmedabad, Gujarat, has announced several key decisions following its board meeting held on August 12, 2025. The company's Board of Directors convened to discuss and approve various matters, including financial results and leadership appointments.

Q1 Financial Results Approved

The board has approved the unaudited financial results for the first quarter ended June 30, 2025. These results, along with the limited review reports, have been taken on record. The approval of these financial statements demonstrates the company's commitment to timely disclosure and transparency in its financial reporting.

Leadership Reappointment

In a significant move, the board has re-appointed Mr. Balram Bharatbhai Padhiyar as the Managing Director of Gallops Enterprise Limited. This reappointment is for a term of five years, effective from June 25, 2025, subject to shareholder approval at the upcoming Annual General Meeting.

Mr. Padhiyar brings a wealth of experience to his role. He holds a graduate degree in Information Technology from Gujarat University and has completed postgraduate specialization in database technologies at GLS Institute of Information Technology. His career, which began in 2002, includes experience as a channel partner with HDFC Bank and ICICI Bank, focusing on automobile loans and general insurance.

Over the years, Mr. Padhiyar has demonstrated his entrepreneurial skills by successfully diversifying into multiple sectors, including automobile, real estate, construction, logistics, and warehousing. His reappointment signals the board's confidence in his leadership and vision for the company's future growth.

It's worth noting that Mr. Padhiyar is married to Ms. Pooja Patel, who serves as a director of the company. He also holds a directorship in Gallops Infrastructure Limited.

Appointment of Secretarial Auditor

The board has approved the appointment of M/s. Alap & Co. LLP as the Secretarial Auditor of the company. This appointment is for a period of five consecutive financial years, from April 1, 2025, to March 31, 2030, subject to shareholder approval at the upcoming Annual General Meeting.

M/s. Alap & Co. LLP, led by Mr. Anand Lavingia and Ms. Ankita Patel, is a professional services firm specializing in corporate laws, listings and capital markets, corporate governance issues, legal matters, and corporate restructuring. Their appointment underscores Gallops Enterprise's commitment to maintaining high standards of corporate governance and regulatory compliance.

Other Board Approvals

The board meeting, which lasted from 3:00 PM to 4:30 PM, also saw the approval of the Directors' Report for the financial year ended March 31, 2025. This report typically provides a comprehensive overview of the company's performance and strategic direction over the past fiscal year.

These decisions reflect Gallops Enterprise Limited's focus on governance, leadership continuity, and regulatory compliance. Shareholders and market observers will likely be keen to see how these moves impact the company's performance and strategic direction in the coming years.