Gravity India Reports Strong Q2 Growth

Revenue: Rs 75.08 crore | Net Profit: Rs 7.65 crore

Reader Takeaway: Robust year-on-year profit growth driven by scaling operations, offset by the sharp rise in trade receivables.

What just happened

Gravity India Ltd released its unaudited standalone financial results for the quarter ended September 30, 2026. The company saw a massive jump in its topline, reporting Rs 75.08 crore in revenue from operations, compared to just Rs 20.44 crore in the same period last year. Net profit followed suit, soaring to Rs 7.65 crore from Rs 1.45 crore in the year-ago quarter.

Why this matters

The results highlight a rapid scale-up for the business. With earnings per share (EPS) reaching Rs 8.50 for the quarter, the company is demonstrating significantly improved profitability metrics compared to the previous financial year.

Risks to watch

Investors should pay close attention to the balance sheet, specifically the rise in trade receivables, which reached Rs 169.61 crore by the end of September 2026, up from Rs 34.72 crore as of March 31, 2026. This increase in receivables, while aligning with revenue growth, suggests higher working capital requirements. Current liabilities have also increased proportionally, rising to Rs 143.80 crore.

Governance and Compliance

The company confirmed that Regulation 23(9) of SEBI (LODR), which requires disclosure of related party transactions, is currently not applicable. Gravity India noted that its paid-up equity share capital and net worth fall below the threshold requirements set by the regulator as of the end of the previous fiscal year.

What to track next

Watch for future quarterly filings to assess whether the company can convert its rising trade receivables into cash flow and sustain this revenue momentum.