G G Engineering Limited's Board of Directors met on 03rd November, 2026 at the corporate office in New Delhi from 05:45 PM to 06:15 PM. The board approved and took on record the Unaudited Financial Results for the quarter and half year ended September 30, 2026, as reviewed and recommended by the Audit Committee.

Financial Results Overview

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹2,457.05 lakhs (compared to ₹4,233.06 lakhs in Q2 FY26)
  • Other Income: ₹117.82 lakhs
  • Total Income: ₹2,574.87 lakhs
  • Profit/(Loss) before tax: ₹15.50 lakhs
  • Tax Expense: ₹31.62 lakhs (Current tax: ₹12.85 lakhs, Deferred tax: ₹5.96 lakhs, Tax related to previous years: ₹12.81 lakhs)
  • Profit/(Loss) after tax: (₹16.12) lakhs net loss
  • Basic EPS: (₹0.00) per share
  • Diluted EPS: (₹0.00) per share

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹4,642.21 lakhs
  • Other Income: ₹221.81 lakhs
  • Total Income: ₹4,864.01 lakhs
  • Profit/(Loss) before tax: ₹679.46 lakhs
  • Tax Expense: ₹208.75 lakhs
  • Profit/(Loss) after tax: ₹470.70 lakhs profit
  • Basic EPS: ₹0.03 per share
  • Diluted EPS: ₹0.03 per share

Balance Sheet Position (as at 30th September 2026)

  • Total Assets: ₹25,728.99 lakhs
  • Non-Current Assets: ₹10,673.94 lakhs (including Investments: ₹6,382.11 lakhs, Loans: ₹4,178.87 lakhs)
  • Current Assets: ₹15,055.05 lakhs (including Trade receivables: ₹9,510.02 lakhs, Cash and cash equivalents: ₹93.34 lakhs)
  • Total Equity: ₹23,456.54 lakhs (Share Capital: ₹15,844.99 lakhs, Other Equity: ₹7,611.55 lakhs)
  • Total Liabilities: ₹2,272.45 lakhs

Segment Performance

Revenue by Segment (Q2 FY27):

  • Trading Division - Infrastructure: ₹2,523.12 lakhs
  • Dealing In Shares/Securities: (₹66.07) lakhs loss
  • Engineering Based Services: ₹0 lakhs

Segment Results before tax and interest (Q2 FY27):

  • Trading Division - Infrastructure: ₹15.50 lakhs profit
  • Dealing In Shares/Securities: (₹66.07) lakhs loss

Auditor's Qualified Review Report

The statutory auditor, A K Bhargav & Co., issued a qualified limited review report with three specific concerns:

1. Investment Valuation Issue: The company has investments of ₹57.50 crore in units of Nakshatra Special Situation Fund as at 30th September, 2026. These investments require fair value measurement under Ind AS 109, but the auditor lacked sufficient evidence to verify the fair value, potentially affecting the carrying amount and profit/loss recognition.

2. Advance Recoverability Concern: The company gave an advance of ₹4.50 crore to Silverline Furnishing and Furniture Pvt Ltd as at 30th September, 2026. The auditor was not provided with sufficient evidence regarding the nature, purpose, terms, and recoverability of this advance, preventing verification of appropriate recognition and potential impairment requirements.

3. Statutory Dues Delay: The company delayed deposit of statutory dues while continuing business and investment activities, including investments in shares and granting inter-corporate deposits. The auditor lacked evidence regarding the business rationale for these activities.

The auditor concluded that except for these matters, nothing came to their attention suggesting material misstatement in the financial results.

Cash Flow Statement (Half Year Ended September 2026)

  • Net Cash from Operating Activities: ₹322.10 lakhs
  • Net Cash used in Investing Activities: (₹244.89) lakhs
  • Net Cash used in Financing Activities: (₹459.52) lakhs
  • Net Decrease in Cash and Cash equivalents: (₹382.32) lakhs
  • Cash and Cash equivalents - Opening Balance: ₹475.65 lakhs
  • Cash and Cash equivalents - Closing Balance: ₹93.34 lakhs

Additional Information

  • The financial results were prepared in accordance with Ind AS and Regulation 33 of SEBI (LODR) Regulations, 2015
  • Previous periods have been regrouped/reclassified where necessary
  • No investor complaints were pending at beginning, received, or remaining at end of quarter
  • The results are available on company website www.ggengg.in and BSE website
  • Major customers contributed significantly to revenue, with two customers representing approximately ₹1,333.76 lakhs and ₹315.49 lakhs in Q2 FY27

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