GOCL Corporation Limited announced its unaudited consolidated financial results for the quarter and nine months ended December 31, 2025, showcasing robust financial performance driven by strategic divestments and operational improvements.

Financial Performance Overview

The company delivered strong consolidated results for Q3FY26, with net profit reaching Rs. 21,027.21 lakhs compared to Rs. 9,240.36 lakhs in the corresponding quarter of the previous year. The nine-month performance was particularly impressive, with net profit surging to Rs. 1,44,684.81 lakhs from Rs. 13,409.33 lakhs in the previous year.

Continuing Operations Performance

The company's continuing operations showed steady performance with revenue from operations of Rs. 181.82 lakhs for Q3FY26, compared to Rs. 459.24 lakhs in the previous year quarter. Profit from continuing operations stood at Rs. 16,364.77 lakhs for the quarter, significantly higher than Rs. 2,327.89 lakhs in Q3FY25.

Strategic Divestment Activities

A major highlight of the period was the successful divestment of IDL Explosives Limited. The company completed the sale of its entire equity shareholding in IDL to Apollo Defence Industries Private Limited for Rs. 10,700 lakhs, as per the Share Purchase Agreement dated May 2, 2025. The transaction was concluded on November 15, 2025, resulting in a substantial gain of Rs. 14,150.30 lakhs.

Segment Performance

The company operates through two main business segments:

Electronics Manufacturing Services: Generated revenue of Rs. 22.68 lakhs in Q3FY26 compared to Rs. 290.81 lakhs in the previous year quarter. For the nine-month period, this segment recorded revenue of Rs. 257.41 lakhs against Rs. 671.03 lakhs in the previous year.

Realty Segment: Showed improved performance with revenue of Rs. 159.54 lakhs in Q3FY26 versus Rs. 166.42 lakhs in Q3FY25. The nine-month revenue for this segment was Rs. 2,400.18 lakhs compared to Rs. 6,906.87 lakhs in the previous year.

Discontinued Operations Impact

Discontinued operations contributed significantly to the overall performance, generating profit after tax of Rs. 4,662.44 lakhs for Q3FY26 and Rs. 1,20,718.61 lakhs for the nine-month period. These operations primarily relate to the Energetics Division and IDL Explosives Limited, both classified as discontinued operations.

Balance Sheet Strength

The company maintained a strong balance sheet with total assets of Rs. 3,56,489.00 lakhs as of December 31, 2025, compared to Rs. 3,12,246.94 lakhs in the previous year. Total liabilities stood at Rs. 54,778.15 lakhs, significantly lower than Rs. 1,56,779.33 lakhs in the previous year, indicating improved financial position.

Future Outlook

The Board of Directors approved a 'Scheme of Merger by Absorption' of Hinduja National Power Corporation Limited with GOCL Corporation Limited on December 15, 2025. The scheme is subject to statutory and regulatory approvals, including sanction from the National Company Law Tribunal.

GOCL Corporation Limited has filed its petition with the Regional Director, Ministry of Corporate Affairs for necessary approval to relocate its registered office from Telangana to Andhra Pradesh. This development follows the company's earlier announcement seeking shareholder approval for the proposed relocation through a postal ballot process.

Latest Development on Office Relocation

The company has taken the next step in its office relocation process by formally approaching regulatory authorities. The key details of this development include:

Background of Proposed Relocation

The relocation initiative stems from GOCL's strategic business transformation. The company has undergone significant changes in its operational focus:

• Discontinuation of its Detonators & Accessories business
• Ongoing divestment of its wholly-owned subsidiary, IDL Explosives Limited
• Current focus on Electronics Manufacturing Service (EMS) and Realty businesses
• Planned acquisition of the thermal power business from Hinduja National Power Corporation Limited (HNPCL)

Strategic Benefits of Relocation

The company believes that relocating the registered office to Andhra Pradesh, where HNPCL's power plants are situated near Visakhapatnam, will offer several operational advantages:

• Improved logistics coordination
• Better access to port facilities
• Enhanced efficiency in coal sourcing
• Increased operational convenience for power business operations

Previous Shareholder Approval Process

Earlier, GOCL had sought shareholder approval for two special resolutions through a postal ballot, including the office relocation and amendments to its Memorandum of Association (MOA). The voting process timeline was structured as follows:

Corporate Governance and Compliance

The filing with the Regional Director represents GOCL's commitment to following proper regulatory procedures for the proposed corporate action. This step demonstrates the company's adherence to compliance requirements under the Companies Act, 2013, and ensures transparency in its corporate restructuring process.

The successful completion of this regulatory approval process will mark a significant milestone in GOCL's transformation journey, aligning its corporate structure with its evolving business strategy focused on the power sector and other growth areas.