Results - Announcements
Ganges Securities Ltd share price slipped 2.81% to Rs 105.4. The Company's net profit soared by 227.87% to Rs 4.0 crore, while revenue from operations gained significantly 108.83% to Rs 16.08 crore in Q2FY27 over Q2FY26.
The market capitalization of Tea & Coffee industry group stocks on BSE stood at Rs 1.29 lakh crore, gaining 7.72%. It has improved by 1.82% over last one week and eased lower by 0.41% in last one month while the market capitalization of Ganges Securities Ltd has slipped by 7.82% and 12.16% in the same period respectively.
Profit before tax (PBT) of Ganges Securities Ltd stood at Rs 6.08 crore in Q2 FY27, expanding by 26.93% year-on-year, and rallying 316.44% quarter-on-quarter. EBITDA came in at Rs 6 crore, surging by 31.98% YoY and crashing by 7300.00% sequentially.
Total expenses witnessed a sharp rise of 39.27% to Rs 9.93 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 3.01 crore, soaring by 29.74% YoY, while employee benefits expense was at Rs 6.83 crore, surging 14.02% YoY.
For FY26, revenue from operations declined slightly by 4.92% to Rs 36.11 crore, while net profit witnessed a sharp fall of 46.84% to Rs 2.69 crore, compared to previous FY. EBITDA jumped by 420% to Rs 3.47 crore, and PBT dropped 18.17% to Rs 4.64 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 22.06 crore in FY26, as against Rs 21.3 crore in FY25.
Ganges Securities Ltd plunged by 29.73% in last one year, underperforming the benchmark BSE Sensex which has softened by 2.37% during the same period.