Greencrest Financial Services Reports Decline in Q2 FY26 Revenue and Profit
Greencrest Financial Services Limited reported a decline in financial performance for Q2 FY26. Total revenue decreased by 25.86% to Rs. 555.38 lakhs, down from Rs. 749.11 lakhs in Q2 FY25. Net profit fell by 40.13% to Rs. 102.57 lakhs, compared to Rs. 171.33 lakhs in the same quarter last year. The decline was primarily due to reduced revenue from share sales and decreased gains from trading. Half-year performance also showed a downward trend, with total revenue at Rs. 1,108.09 lakhs and net profit at Rs. 347.95 lakhs for H1 FY26.
*this image is generated using AI for illustrative purposes only.
Greencrest Financial Services Limited , a finance and investment company, has released its unaudited financial results for the second quarter of fiscal year 2026, revealing a decline in both revenue and profit compared to the same period last year.
Key Financial Highlights
| Particulars (in Rs. Lakhs) | Q2 FY26 | Q2 FY25 | % Change |
|---|---|---|---|
| Total Revenue | 555.38 | 749.11 | -25.86% |
| Net Profit | 102.57 | 171.33 | -40.13% |
Revenue Breakdown
The company's total revenue from operations for Q2 FY26 stood at Rs. 555.38 lakhs, marking a significant decrease of 25.86% from Rs. 749.11 lakhs in the corresponding quarter of the previous year. This decline was primarily driven by:
- A substantial reduction in revenue from the sale of shares, which fell to Rs. 375.77 lakhs from Rs. 1,203.42 lakhs in Q2 FY25.
- A decrease in other income, particularly gains from trading in shares and the F&O segment, which dropped to Rs. 1.55 lakhs from Rs. 186.86 lakhs in the same quarter last year.
Profitability
Net profit for the quarter experienced a sharp decline of 40.13%, falling to Rs. 102.57 lakhs compared to Rs. 171.33 lakhs in Q2 FY25. This reduction in profitability can be attributed to the significant decrease in revenue, despite a corresponding reduction in expenses.
Half-Year Performance
For the first half of FY26, Greencrest Financial Services reported:
- Total revenue of Rs. 1,108.09 lakhs, down from Rs. 1,569.80 lakhs in H1 FY25.
- Net profit of Rs. 347.95 lakhs, a substantial decrease from Rs. 1,127.56 lakhs in the previous year's first half.
Balance Sheet Highlights
As of September 30, 2025:
- Cash and cash equivalents stood at Rs. 2.23 lakhs, down from Rs. 3.75 lakhs in the previous year.
- The company's total assets were reported at Rs. 10,787.20 lakhs.
- Total equity amounted to Rs. 5,708.05 lakhs.
Management Commentary
The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors in their meeting held on November 12, 2025. The company operates within a single business segment of Finance & Investments, as per Indian Accounting Standard (IndAS) 108 "Operating Segment".
Auditor's Review
Rajesh Kumar Gokul Chandra & Associates, the company's independent 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 statements do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.
Investors and stakeholders should note that while the company has experienced a decline in both revenue and profit, the management continues to navigate the challenges in the finance and investment sector. The coming quarters will be crucial in determining whether Greencrest Financial Services can reverse this downward trend and improve its financial performance.
Historical Stock Returns for Greencrest Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -1.64% | -10.45% | -10.45% | -35.48% | -87.76% |
17
