Gravity India Ltd (532015)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Gravity India's revenue was ₹60.0 Cr, and net profit ₹6.0 Cr; the operating margin was 13.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹60.0 | — | -39.5% |
| Operating profit | ₹8.0 | from loss | -13.6% |
| Net profit | ₹6.0 | — | -12.1% |
| EPS (₹) | 6.67 | — | +658.0% |
| Operating margin | 13.3% | — | — |
📢 Recent Corporate Announcements
Gravity (India) Limited issued a corrigendum regarding a typographical error in its 39th Annual Report, clarifying that the remote e-voting window ends on Thursday, September 24, 2026, at 5:00 PM (instead of September 25, 2026). The accompanying AGM Notice includes a shareholder vote on a proposed fundraise via Qualified Institutions Placement (QIP) of up to ₹90 crore, which is over 3x the company's current market cap of ₹29 crore. The 39th AGM is scheduled to take place via Video Conferencing on Friday, September 25, 2026, at 4:00 PM IST.
- Clarified remote e-voting ends on Thursday, 24th September, 2026 at 5:00 PM, corrected from 25th September, 2026
- Remote e-voting begins on Tuesday, 22nd September, 2026 at 9:00 AM
- AGM Notice includes approval for an equity fundraise via QIP for up to ₹90 crore
- Proposed QIP amount of ₹90 crore represents ~310% of the company's current market cap of ₹29 crore
- 39th Annual General Meeting to be held on Friday, 25th September, 2026 at 4:00 p.m. IST
Gravity (India) Limited issued a corrigendum regarding a typographical error in its 39th Annual Report, clarifying that the remote e-voting window ends on Thursday, September 24, 2026, at 5:00 PM (instead of September 25, 2026). The accompanying AGM Notice includes a shareholder vote on a proposed fundraise via Qualified Institutions Placement (QIP) of up to ₹90 crore, which is over 3x the company's current market cap of ₹29 crore. The 39th AGM is scheduled to take place via Video Conferencing on Friday, September 25, 2026, at 4:00 PM IST.
- Clarified remote e-voting ends on Thursday, 24th September, 2026 at 5:00 PM, corrected from 25th September, 2026
- Remote e-voting begins on Tuesday, 22nd September, 2026 at 9:00 AM
- AGM Notice includes approval for an equity fundraise via QIP for up to ₹90 crore
- Proposed QIP amount of ₹90 crore represents ~310% of the company's current market cap of ₹29 crore
- 39th Annual General Meeting to be held on Friday, 25th September, 2026 at 4:00 p.m. IST
Gravity India's board has approved raising up to ₹90 crore through a Qualified Institutions Placement (QIP) of equity shares, subject to shareholder approval. The proposed issue size is over 3x the company's current market capitalization of ~₹29 crore. The proceeds will be allocated to working capital and general corporate purposes (capped at 25%). Furthermore, the board approved amending its MOA to diversify into IT services, Data Centres, cloud infrastructure, and semiconductor businesses ahead of the AGM scheduled for September 25, 2026.
- Approved raising up to ₹90 Crore via Qualified Institutions Placement (QIP)
- Proposed fundraise equals ~310% of current market cap (₹29 Cr)
- MOA altered to include Data Centres, cloud infrastructure, and semiconductor businesses
- General corporate purpose spending capped at 25% of issue proceeds
- 39th AGM scheduled for September 25, 2026, with Record Date set as September 18, 2026
Gravity (India) Limited has scheduled a Board Meeting on September 01, 2026, to consider raising up to ₹90 Crore via a Qualified Institutions Placement (QIP). The proposed fundraise is massive relative to the company's current market capitalisation of approximately ₹28 Crore (~3.2x market cap) and net worth of ₹15 Crore. Additionally, the board will evaluate altering the Memorandum of Association (MOA) to pivot beyond textiles into IT services, Data Centres, and semiconductor manufacturing and packaging. The proposals are subject to board, shareholder, and regulatory approvals.
- Board meeting scheduled on September 01, 2026 to consider QIP fundraise up to ₹90 Crore
- Proposed fundraise is ~3.2x the company's current market cap of ₹28 Crore
- Proposal to amend Main Objects Clause to enter Data Centres and semiconductor manufacturing/testing
- Also to consider notice and record date for the forthcoming Annual General Meeting
Gravity India reported a significant turnaround in Q1 FY27, with revenue from operations reaching Rs 60.00 Cr, a massive jump from just Rs 0.31 Cr in the same quarter last year. Net profit followed suit, rising to Rs 6.01 Cr compared to Rs 0.07 Cr in Q1 FY26. However, on a sequential basis, revenue declined by 39.5% from the Rs 99.24 Cr reported in Q4 FY26. The company's business model remains heavily focused on trading, with stock-in-trade purchases accounting for 97.7% of total expenses.
- Revenue from operations surged to Rs 60.00 Cr in Q1 FY27 from Rs 0.31 Cr in Q1 FY26.
- Net profit increased to Rs 6.01 Cr against Rs 0.07 Cr in the year-ago period.
- Basic and Diluted EPS stood at Rs 6.67 for the quarter, up from Rs 0.07 YoY.
- Purchases of stock-in-trade dominated the cost structure at Rs 50.88 Cr.
- Total expenses for the quarter were Rs 52.04 Cr, compared to Rs 0.26 Cr in Q1 FY26.
Gravity India reported a significant YoY turnaround with Q1 FY27 revenue reaching Rs 60.00 Cr, compared to just Rs 0.31 Cr in the same quarter last year. Net profit stood at Rs 6.01 Cr, a sharp increase from Rs 0.07 Cr YoY, although it declined 12% sequentially from Q4 FY26 (Rs 6.83 Cr). The company's business model is heavily focused on trading, with stock-in-trade purchases accounting for 97.7% of total expenses. Despite a high ROCE of 159%, the promoter holding remains exceptionally low at 6.05%.
- Revenue from operations surged to Rs 60.00 Cr in Q1 FY27 from Rs 0.31 Cr in Q1 FY26
- Net profit increased to Rs 6.01 Cr, a significant jump from Rs 0.07 Cr in the year-ago period
- Quarterly EPS stood at Rs 6.67, compared to Rs 0.07 YoY
- Purchases of stock-in-trade dominated total expenditure at Rs 50.88 Cr
- Company remains exempt from certain corporate governance disclosures as net worth is below Rs 25 Cr
Gravity India has scheduled a board meeting for August 10, 2026, to review and approve its un-audited financial results for the quarter ended June 30, 2026. This follows a significant turnaround in FY26, where revenue surged to Rs 179 Cr from just Rs 1 Cr in FY25. Investors will be monitoring if the strong momentum from the March 2026 quarter, which saw revenue of Rs 99.24 Cr, is sustained into the new fiscal year. The trading window for designated persons has been closed since July 01, 2026.
- Board meeting scheduled for August 10, 2026, to approve Q1 results.
- Trading window closed from July 01, 2026, until 48 hours after the results announcement.
- Company reported a massive revenue increase to Rs 179 Cr in FY26 vs Rs 1 Cr in FY25.
- March 2026 quarter revenue stood at Rs 99.24 Cr, representing over 55% of total TTM revenue.
Gravity India Ltd has appointed Mr. Ankit Goel as an Additional Director (Non-Executive Independent) effective July 24, 2026. Mr. Goel is a finance professional with experience in financial operations, accounting, and compliance within the logistics and service sectors. The appointment follows a recommendation from the Nomination and Remuneration Committee and is subject to shareholder approval. This governance update comes as the company maintains a low promoter holding of 6.05% and a market capitalization of Rs 87 Cr.
- Appointment of Mr. Ankit Goel as Additional Independent Director effective July 24, 2026
- Board meeting conducted and concluded within 15 minutes (4:00 PM to 4:15 PM)
- Company reports a high ROCE of 159.0% despite a small net worth of Rs 15 Cr
- Promoter holding stands at a low 6.05% as of March 2026
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