Gretex Corporate Services reports robust Q2 FY26 earnings growth

Gretex Corporate Services Limited (GCSL) announced a robust financial performance for the quarter ended September 30, 2025, with total income reaching INR67.4 crores, a 197% increase from INR22.7 crores in Q1 FY26. EBITDA surged more than eight times to INR19.6 crores from INR2.4 crores, with the margin expanding to 29% from 10.6%. Profit After Tax (PAT) grew over 13 times sequentially to INR12.9 crores from INR1 crore, and PAT margin improved to 19.2% from 4.2%.

The strong performance was attributed to increased IPO mandates and expanded market-making operations, including 5 IPOs, 1 delisting, 1 open offer, and 7 valuation and advisory mandates completed during the quarter. GCSL anticipates continued growth, with a pipeline of 21 IPO mandates, including 16 SME IPOs and 5 Mainboard IPOs. The company projects raising INR1,000 crores to INR1,100 crores this financial year, expecting a 4% to 5% revenue contribution.

Gretex Share Broking Limited, a subsidiary, is preparing for its main board listing, which is expected to enhance visibility and unlock shareholder value. The company plans to refile its Category-3 AIF and launch Portfolio Management Services next year, targeting INR20,000 crores in fundraising over the next three years through private equity placements and IPOs.