NewsEarningsGFL Limited Reports Mixed Q1 Results: Standalone Profit Rises, Consolidated Loss NarrowsGFL Limited Reports Mixed Q1 Results: Standalone Profit Rises, Consolidated Loss Narrows
GFL Limited's Q1 results show improved standalone performance with profit rising to Rs. 44.00 lakhs from Rs. 35.00 lakhs in Q4. Consolidated loss narrowed to Rs. 816.00 lakhs from Rs. 1,829.00 lakhs in Q4, primarily due to a Rs. 1,004.00 lakhs share of loss from associate. Standalone revenue increased to Rs. 92.00 lakhs. Consolidated EPS improved to -Rs. 0.74 from -Rs. 1.67 in Q4. The company operates in a single segment of investments and allied activities.
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GFL Limited has announced its financial results for the first quarter, revealing a mixed performance with improved standalone figures but a continued consolidated loss.
Standalone Performance
On a standalone basis, GFL Limited reported a profit of Rs. 44.00 lakhs for Q1, showing an improvement from Rs. 35.00 lakhs in the previous quarter and Rs. 38.00 lakhs in the same quarter last year. The company's revenue from operations increased to Rs. 92.00 lakhs, up from Rs. 84.00 lakhs in the previous quarter.
The standalone results show:
| Particulars (in Rs. lakhs) | Q1 | Q4 | Q1 (Previous Year) |
|---|---|---|---|
| Revenue from Operations | 92.00 | 84.00 | 81.00 |
| Profit | 44.00 | 35.00 | 38.00 |
| EPS (in Rs.) | 0.04 | 0.03 | 0.03 |
Consolidated Results
On a consolidated basis, GFL Limited posted a loss of Rs. 816.00 lakhs for Q1. While still in the red, this represents a significant improvement from the loss of Rs. 1,829.00 lakhs in the previous quarter and Rs. 2,652.00 lakhs in the corresponding quarter of the previous year.
The consolidated loss was primarily attributed to a share of loss from associate amounting to Rs. 1,004.00 lakhs. The basic and diluted loss per share on a consolidated basis stood at Rs. 0.74.
Key consolidated figures include:
| Particulars (in Rs. lakhs) | Q1 | Q4 | Q1 (Previous Year) |
|---|---|---|---|
| Revenue from Operations | 92.00 | 84.00 | 81.00 |
| Other Income | 10.00 | 8.00 | 8.00 |
| Total Income | 102.00 | 92.00 | 89.00 |
| Loss | (816.00) | (1,829.00) | (2,652.00) |
| EPS (in Rs.) | (0.74) | (1.67) | (2.41) |
Segment Information
The company operates in a single segment, focusing on investments and allied activities.
Board Meeting Details
The Board of Directors of GFL Limited met on August 13 to approve the unaudited financial results. The meeting commenced at 3:30 p.m. and concluded at 3:45 p.m.
Auditor's Review
Patankar & Associates, Chartered Accountants, conducted a limited review of the financial results and issued an unmodified review report for both standalone and consolidated results.
GFL Limited's consolidated results include its wholly-owned subsidiary INOX Infrastructure Limited and associate PVR INOX Limited. The company continues to navigate challenges while showing signs of improvement in its financial performance.
Historical Stock Returns for GFL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.34% | -0.42% | +0.63% | +12.08% | -26.55% | -29.39% |
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