Global Vectra Helicorp Limited (GLOBALVECT)
₹119.75 -0.12% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Global Vectra's revenue was ₹131 Cr (+1.3% year on year, +2.7% on the previous quarter), and net profit ₹-12.0 Cr (a bigger loss than a year earlier); the operating margin was 9.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹131 | +1.3% | +2.7% |
| Operating profit | ₹12.0 | +28.6% | from loss |
| Net profit | ₹-12.0 | loss widened | loss widened |
| EPS (₹) | -8.46 | loss widened | loss widened |
| Operating margin | 9.2% | — | — |
GLOBALVECT delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 61.52% of the GLOBALVECT shares traded on NSE were taken to delivery, against the stock's own 20-session average of 67.04%. That is close to its usual level. Turnover was only ₹4 lakh, so a handful of trades can move this figure. Volume was 0.4 times its average, well below normal.
Delivery in the last 5 sessions: 53.7% · 57.8% · 63.9% · 67.1% · 61.5%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Global Vectra Helicorp Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. The certificate was issued by MUFG Intime India Private Limited, the company's Registrar and Share Transfer Agent (RTA). The company noted that it did not receive any requests for dematerialisation or rematerialisation during the quarter. This filing is entirely procedural and has no financial or operational impact on the company.
- Compliance submission for the quarter ended September 30, 2026
- Confirmation certificate received from RTA MUFG Intime India Private Limited dated October 6, 2026
- Zero requests received for dematerialisation or rematerialisation during the period
Global Vectra Helicorp Limited has disclosed the voting results and scrutinizer's report for its 28th Annual General Meeting held on September 29, 2026. All five ordinary and special resolutions were approved by shareholders with over 99.99% majority of votes polled. Key approvals included the adoption of FY2026 financial statements, the re-appointment of Chairman Lt. Gen. Sarab Jot Singh Saighal (Retd.) for one year starting October 1, 2026, and the approval of appointment and remuneration for CEO Michael Lewis Edwin Barber for one year starting August 11, 2026. A total of 10,501,833 votes were polled, representing 75.01% of the company's 14,000,000 outstanding shares.
- All 5 AGM resolutions approved with over 99.99% overall voting in favour
- Total voter turnout stood at 75.0131% (10,501,833 votes polled on 14,000,000 outstanding shares)
- Approved CEO appointment and remuneration for Mr. Michael Lewis Edwin Barber from August 11, 2026 to August 10, 2027
- Re-appointed Lt. Gen. Sarab Jot Singh Saighal (Retd.) as Chairman for 1 year from October 1, 2026 to September 30, 2027
- Confirmed appointment of Mr. Hemang Rishi as Non-Executive, Non-Independent Director effective August 11, 2026
Global Vectra Helicorp Limited has issued the notice for its 28th Annual General Meeting scheduled for September 29, 2026. The key agenda includes the re-appointment of Lt. Gen. Sarab Jot Singh Saighal (Retd.) as Chairman for a one-year term from October 1, 2026, to September 30, 2027. Additionally, shareholders will vote on the appointment and remuneration of Mr. Michael Lewis Edwin Barber as Chief Executive Officer for a one-year term from August 11, 2026, to August 10, 2027, subject to regulatory clearances. The company also regularized the appointment of Mr. Hemang Rishi as a Non-Executive Director.
- 28th Annual General Meeting convened for September 29, 2026, via electronic mode
- Proposed re-appointment of Chairman Lt. Gen. Sarab Jot Singh Saighal (Retd.) for a 1-year tenure ending September 30, 2027
- Appointment of Mr. Michael Lewis Edwin Barber as CEO for a 1-year period starting August 11, 2026, subject to MHA/MCA approvals
- Register of Members to remain closed from September 28, 2026, to September 29, 2026
- Company aims to improve operating margins by 10% in the upcoming year through cost control and fleet utilization
Global Vectra Helicorp submitted a clarification to the stock exchange regarding an inadvertent omission of the Chairman's digital signature in the searchable PDF of its Q1 financial results filed on August 11, 2026. For the quarter ended June 30, 2026, revenue from operations stood at ₹130.71 Cr (₹13,071.35 lakhs), up slightly from ₹129.35 Cr in Q1 FY26. Net loss widened to ₹11.85 Cr (₹1,184.81 lakhs) compared to a loss of ₹9.42 Cr in the prior-year period. The filing also reconfirms the appointment of Mr. Michael Lewis Edwin Barber as CEO for a 1-year term effective August 11, 2026.
- Clarification filed for procedural digital signature omission on previously submitted Q1 financial results
- Revenue from operations reported at ₹13,071.35 lakhs (₹130.71 Cr) for the quarter ended June 30, 2026
- Net loss expanded to ₹1,184.81 lakhs for the quarter vs ₹941.54 lakhs in Q1 FY26, yielding an EPS of ₹(8.46)
- Approved appointment of Mr. Michael Lewis Edwin Barber as CEO for a 1-year tenure from August 11, 2026 to August 10, 2027
- 28th Annual General Meeting scheduled for September 29, 2026
Global Vectra Helicorp reported a widening net loss of ₹11.85 Cr for Q1 FY27, compared to a ₹9.43 Cr loss in the same period last year. While revenue from operations grew marginally by 1% YoY to ₹130.71 Cr, the company's financial position remains distressed with a negative net worth of ₹21.32 Cr and net current liabilities of ₹293.36 Cr. To address operational headwinds, the board has appointed Michael Lewis Edwin Barber as CEO for a one-year term. Management cited supply chain disruptions and currency depreciation as key loss drivers but noted that improved contract values and new credit facilities are expected to support a recovery.
- Net loss widened to ₹11.85 Cr in Q1 FY27 from ₹9.43 Cr in Q1 FY26.
- Negative net worth stood at ₹21.32 Cr as of June 30, 2026, worsening from previous periods.
- Net current liabilities reached ₹293.36 Cr, indicating significant short-term liquidity pressure.
- Finance costs surged to ₹10.35 Cr, up 44% from ₹7.16 Cr in the year-ago quarter.
- Revenue from operations remained largely flat at ₹130.71 Cr vs ₹129.35 Cr YoY.
Global Vectra Helicorp Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that for the quarter ended June 30, 2026, the company's Registrar and Share Transfer Agent (RTA), Link Intime India Private Limited, processed all security certificates as required. Notably, the company stated it received zero requests for dematerialization or rematerialization during this period. This is a standard administrative disclosure with no impact on the company's financial or operational standing.
- Compliance certificate issued for the quarter ended June 30, 2026
- Zero requests received for dematerialization or rematerialization during the quarter
- Confirmation provided by RTA Link Intime India Private Limited on July 4, 2026
- Filing submitted to BSE and NSE on July 9, 2026, in accordance with SEBI regulations
Global Vectra Helicorp Limited has announced the closure of its trading window for designated persons starting July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of unaudited financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are declared. The specific date for the board meeting to approve these results will be communicated separately.
- Trading window closure commences on July 1, 2026.
- Closure is related to the Unaudited Financial Results for the first quarter ended June 30, 2026.
- The window will reopen 48 hours after the financial results are officially declared.
- Restriction applies to all designated and connected persons as per the Company's Code of Conduct.
Global Vectra Helicorp Limited (GVHL) is facing significant regulatory pressure from the NSE, including potential freezing of promoter holdings and ongoing fines, for failing to maintain the mandatory minimum of six directors. The company has been in non-compliance since June 2024, citing delays in obtaining mandatory security clearance from the Ministry of Home Affairs for new director appointments. GVHL has applied for a waiver of penalties under the 'Impossibility of Compliance' clause, as the security clearance for proposed director Mr. Hemang Rishi has been pending since November 2025.
- NSE issued a notice on June 12, 2026, to freeze promoter holdings for non-compliance with Regulation 17(1).
- The company has been flagged for insufficient board strength for eight consecutive quarters starting June 30, 2024.
- Security clearance for the 6th director, Mr. Hemang Rishi, was applied for on November 4, 2025, but remains pending with the Ministry.
- GVHL argues that as an aviation company (NSOP holder), it cannot appoint directors without prior government security clearance.
- The company has requested a waiver of fines and a halt to the freezing of promoter holdings, citing circumstances beyond its control.
Global Vectra Helicorp reported a significant deterioration in its financial health for FY26, with a net loss of ₹32.29 crore compared to a loss of ₹0.65 crore in FY25. Annual revenue from operations declined by 3.8% to ₹521.41 crore, while total expenses rose to ₹624.65 crore. The company's net worth has turned negative at ₹8.10 crore, and current liabilities exceed current assets by a substantial ₹275.77 crore. Management is banking on future financing and operational improvements to maintain its 'going concern' status despite these severe liquidity pressures.
- Net loss for FY26 widened drastically to ₹32.29 crore from a marginal loss of ₹0.65 crore in FY25.
- Revenue from operations fell to ₹521.41 crore in FY26 from ₹542.20 crore in the previous fiscal year.
- The company reported a negative net worth of ₹8.10 crore as of March 31, 2026.
- Current liabilities exceed current assets by ₹275.77 crore, indicating significant short-term liquidity risk.
- Other income includes a one-time write-back of ₹33.96 crore of balances payable to related parties.
Global Vectra Helicorp Limited has responded to clarification requests from the NSE and BSE regarding recent significant movements in its share price. The company stated that it has consistently disclosed all material information and price-sensitive data as required under SEBI Regulation 30. Management clarified that there is no withheld information and that the recent price volatility is purely market-driven. This response serves as a standard regulatory filing to ensure transparency following unusual trading activity.
- Responded to NSE and BSE clarification emails dated April 9, 2026, regarding price volatility.
- Confirmed full compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Stated that no material or price-sensitive information has been withheld from the exchanges.
- Attributed the significant movement in share price entirely to market conditions and market-driven factors.
Global Vectra Helicorp Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing for the quarter ended March 31, 2026, confirms that the company and its Registrar and Transfer Agent (RTA) have complied with all dematerialization procedures. Interestingly, the RTA, MUFG Intime India Private Limited, noted that no requests for dematerialization or rematerialization were received during this specific quarter. This is a standard procedural filing and does not reflect any change in the company's operational or financial status.
- Compliance certificate submitted for the quarter ended March 31, 2026.
- Confirmed adherence to SEBI (Depositories and Participants) Regulations, 2018.
- The Registrar and Transfer Agent confirmed zero requests for dematerialization or rematerialization during the period.
- MUFG Intime India Private Limited (formerly Link Intime) served as the RTA for this period.
Global Vectra Helicorp Limited has informed the stock exchanges that its trading window will be closed starting April 1, 2026. This closure is a standard regulatory requirement ahead of the declaration of the audited financial results for the quarter and financial year ending March 31, 2026. The restriction applies to all designated persons and insiders of the company to prevent insider trading. The window will reopen 48 hours after the financial results are officially disclosed to the exchanges.
- Trading window closure effective from April 1, 2026, for Q4 and FY2026 results.
- Restriction applies to all designated persons and insiders as per SEBI regulations.
- Window to remain closed until 48 hours after the announcement of audited financial results.
- The date for the Board Meeting to approve the results will be communicated separately.
Global Vectra Helicorp reported a significant widening of its net loss to ₹11.11 crore for the quarter ended December 31, 2025, compared to a loss of ₹3.00 crore in the same period last year. While revenue from operations grew marginally by 3% YoY to ₹146.93 crore, the bottom line was severely impacted by a massive spike in finance costs, which jumped to ₹10.77 crore from ₹1.03 crore. For the nine-month period, the company recorded a net loss of ₹26.70 crore, nearly double the loss of ₹13.28 crore in the previous year's corresponding period. Operating expenses, particularly helicopter maintenance, also increased, further pressuring margins.
- Net Loss widened significantly to ₹1,111.31 Lakhs in Q3 FY26 from ₹299.79 Lakhs in Q3 FY25.
- Revenue from operations increased marginally by 3.05% YoY to ₹14,693.31 Lakhs.
- Finance costs surged over 10x to ₹1,076.79 Lakhs compared to ₹102.62 Lakhs in the year-ago quarter.
- Nine-month net loss stood at ₹2,670.12 Lakhs, compared to a ₹1,327.96 Lakhs loss in the previous year.
- Basic and Diluted EPS for the quarter deteriorated to negative ₹7.94 from negative ₹2.14 YoY.
Global Vectra Helicorp Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations for the period ending December 31, 2025. The filing, supported by its Registrar and Transfer Agent MUFG Intime India Private Limited, confirms that all share certificates received for dematerialization were processed according to regulatory standards. Interestingly, the company noted that it received zero requests for dematerialization or rematerialization during this specific quarter. This is a standard procedural disclosure required to maintain the integrity of electronic shareholding records.
- Compliance certificate issued for the quarter ended December 31, 2025
- MUFG Intime India Private Limited (RTA) confirmed adherence to SEBI guidelines
- Company reported zero requests for dematerialization or rematerialization during the period
- Confirmation that securities are listed on stock exchanges and records are updated with depositories
Global Vectra Helicorp Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's Q3 FY26 financial results. The window will remain closed until 48 hours after the unaudited financial results for the quarter ended December 31, 2025, are declared. The exact date of the board meeting to approve these results will be communicated in due course.
- Trading window closure commences on January 1, 2026.
- Closure is mandated for the review of Unaudited Financial Results for the quarter ended December 31, 2025.
- The window will reopen 48 hours after the official declaration of the financial results.
- The restriction applies to all designated and connected persons as per the Company's Code of Conduct.
Financial Performance
Revenue Growth by Segment
Total Operating Income (TOI) grew 22% YoY to INR 502.74 Cr in FY24 from INR 411.11 Cr in FY23, primarily driven by the core helicopter charter services segment.
Geographic Revenue Split
Primarily 100% India-based operations, with major revenue contribution from ONGC (67%) and other domestic clients.
Profitability Margins
PAT turned positive at INR 1.21 Cr in FY24 (0.24% margin) compared to a loss of INR 16.63 Cr in FY23. TTM profit growth is down -585%.
EBITDA Margin
Operating margins improved in FY24 due to a 22% increase in TOI, though specific EBITDA % is not disclosed; rating agencies target a 3% PAT margin for positive rating actions.
Capital Expenditure
Fixed assets stood at INR 423 Cr as of March 2023; the company currently operates a fleet of 30 helicopters to meet increasing demand in the Oil & Gas sector.
Credit Rating & Borrowing
CARE Edge Stable outlook; overall gearing ratio stood at 3.81x in FY24 (up from 2.85x in FY23) with total outside liabilities to networth at 6.11x.
Operational Drivers
Raw Materials
Aviation Turbine Fuel (ATF) and Helicopter Spare Parts represent the primary operational costs for the charter service business.
Capacity Expansion
Current fleet capacity is 30 helicopters as of May 2025; planned expansion timeline and unit counts are not quantified in available documents.
Raw Material Costs
Not disclosed as a specific percentage of revenue; however, aircraft maintenance obligations are identified as a key audit matter.
Manufacturing Efficiency
Efficiency is measured by fleet utilization of 30 helicopters and a high success rate in bidding for tenders.
Logistics & Distribution
Distribution of services is managed through a 30-unit helicopter fleet primarily serving offshore Oil & Gas sites.
Strategic Growth
Expected Growth Rate
17%
Growth Strategy
Growth will be achieved through the renewal of existing contracts, winning new tenders in the Oil & Gas sector, and improving profitability by eliminating LD charges and implementing price escalation clauses.
Products & Services
Charter hire of helicopter services for offshore and onshore operations.
Brand Portfolio
Global Vectra Helicorp.
Market Expansion
Focusing on the increasing demand from Oil & Gas companies in India.
Market Share & Ranking
Leading player in the Indian helicopter service industry with a top-tier market position.
External Factors
Industry Trends
The industry is seeing increasing demand from Oil & Gas exploration; the company is positioning itself by maintaining a large fleet of 30 units and high bidding success.
Competitive Landscape
Limited reputed competitors in the helicopter service industry, which mitigates some customer concentration risk.
Competitive Moat
Moat is based on high entry barriers (capital intensive), specialized technical expertise, and a long track record of safety and renewals.
Macro Economic Sensitivity
Highly sensitive to the capital expenditure cycles of Oil & Gas companies and global fuel price volatility.
Consumer Behavior
Not applicable as the business is B2B; demand is driven by corporate and government tender cycles.
Regulatory & Governance
Industry Regulations
Operations are governed by the Companies Act 2013, Ind-AS standards, and SEBI Listing Obligations and Disclosure Requirements (LODR).
Taxation Policy Impact
No requirement to spend on CSR under Section 135 due to lack of profits in the immediately three preceding years.
Legal Contingencies
Pending litigations are disclosed in Note 31 of the financial statements; the company has also faced Liquidated Damages (LD) claims from customers.
Risk Analysis
Key Uncertainties
Non-renewal of the ONGC contract (67% revenue) and high gearing (3.81x) pose significant risks to cash flow and solvency.
Geographic Concentration Risk
100% of revenue is concentrated in India, primarily offshore Mumbai and other domestic regions.
Third Party Dependencies
Extreme dependency on ONGC for 67% of revenue and top 5 clients for 90% of revenue.
Technology Obsolescence Risk
Risk is managed through a regular program for physical verification and maintenance of Property, Plant, and Equipment.
Credit & Counterparty Risk
Trade receivables are assessed for recoverability; provision or write-offs are monitored to ensure revenue recognition accuracy.
