GFL Ltd Q1 FY27 Results

GFL Limited's consolidated PAT was ₹7.44 Cr for Q1 FY27, against a loss of ₹8.16 Cr in Q1 FY26 — a clean turnaround — but down 70.9% sequentially from ₹25.56 Cr in Q4 FY26. Standalone PAT was a token ₹0.30 Cr on revenue of ₹1.03 Cr. No analyst estimates or formal management guidance specific to GFL Limited were found — this is a thinly-covered holding entity rather than an operating business with street coverage, so vsStreet and vsGuidance are unknown/not on record.

GFL's own operating revenue — fees & commission income plus net gain on fair value changes — was ₹1.03 Cr, up 11.9% YoY and 15.7% QoQ, but is economically immaterial next to the rest of the P&L. The swing in consolidated profit is driven almost entirely by GFL's equity-accounted share of associate PVR INOX Limited's profit, which moved from a loss of ₹10.04 Cr in Q1 FY26 to a profit of ₹8.34 Cr in Q1 FY27, but fell sharply from ₹29.64 Cr in Q4 FY26. Consolidated tax expense was ₹1.27 Cr (₹1.22 Cr of it deferred tax) against a PBT of ₹8.71 Cr. Because the income statement is dominated by this single equity-method line rather than operating revenue, standard NPM/OPM margin ratios do not reflect this entity's underlying economics.

The stock went into the print at ₹48.88, up 6.3% over the past month of trading.

The associate itself, PVR INOX, reported Q1 FY27 revenue up ~12% YoY to ₹1,642 Cr and returned to profit (₹56.5 Cr reported, ₹70.5 Cr on an Ind AS 116-adjusted basis) after a year-ago loss — though its revenue came in below the ₹1,721–1,939 Cr street range, and its profit was well down from the seasonally stronger Q4 FY26 quarter, since theatrical exhibition carries a heavier content slate in Jan–Mar. That seasonality, not a deterioration in the underlying stake, explains GFL's QoQ decline. No press release from GFL management accompanied this filing to quote against the print.