Other income lifts GLFL to a small standalone profit
Revenue stayed at zero as lower expenses narrowed the operating loss; other income was 366.67% of pre-tax profit.
Filed 28 Oct 2026, 18:14 IST · after market close · Gujarat Lease Financing Ltd (GLFL)
Key takeaways
- GLFL's standalone Q2FY27 net profit turned positive at Rs 0.03 crore from a Rs 0.08 crore loss sequentially, despite revenue remaining zero.
- Other income of Rs 0.11 crore represented 366.67% of pre-tax profit, making the reported profit primarily non-operating.
- Expenses fell 55.56% sequentially and narrowed the operating loss to Rs 0.08 crore, but did not generate operating revenue.
Price around the results
Other income drove the profit turnaround
GLFL's standalone Q2FY27 profit before tax was Rs 0.03 crore, versus a Rs 0.08 crore loss in Q1FY27. The turnaround came from Rs 0.11 crore of other income, which was 366.67% of pre-tax profit, while tax remained zero. The quarter's profit was therefore primarily non-operating.
Lower expenses, but no operating revenue
Revenue was zero in both quarters, so the sequential improvement was not driven by business growth. Expenses fell 55.56%, from Rs 0.18 crore to Rs 0.08 crore, narrowing the operating loss from Rs 0.18 crore to Rs 0.08 crore. The tax-rate change was zero percentage points, so tax did not contribute to the improvement.
Sequential direction improved but operations stayed loss-making
The quarter-on-quarter direction improved at the operating level, but operating profit remained negative at Rs 0.08 crore. With revenue still at zero, the reported earnings improvement came from lower expenses and other income rather than operating growth.
Results were filed after market close
GLFL filed its standalone Q2FY27 results after market close on 28 Oct 2026. The immediate market response is not covered in this update.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹0 cr | ₹0 cr | — |
| Other income | ₹0 cr | ₹0 cr | +10.00% |
| Expenses | ₹0 cr | ₹0 cr | -55.56% |
| Operating profit | ₹-0 cr | ₹-0 cr | +55.56% |
| Interest | ₹0 cr | ₹0 cr | — |
| Depreciation | ₹0 cr | ₹0 cr | — |
| Profit before tax | ₹0 cr | ₹-0 cr | — |
| Tax | ₹0 cr | ₹0 cr | — |
| Net profit | ₹0 cr | ₹-0 cr | — |
| EPS (₹) | ₹0.01 | ₹-0.03 | — |
What to watch
- Whether revenue moves above zero next quarter.
- Whether operating profit turns positive from a loss of Rs 0.08 crore.
- Whether other income's 366.67% share of pre-tax profit falls as operating performance changes.