Gloster Ltd Q1 FY27 Results

Gloster's consolidated Q1 FY27 print (basis: consolidated, primary) shows a net loss of ₹2.34 Cr, reversing a profit of ₹3.00 Cr in the year-ago quarter and ₹8.21 Cr last quarter, even as consolidated revenue grew 39.9% YoY to ₹427.39 Cr (+12.9% QoQ). NPM turned negative at -0.54% versus +0.97% YoY and +2.12% QoQ, and OPM compressed to 8.69% from 9.83% YoY and 10.74% QoQ. Gloster is a micro-cap (~₹780 Cr market cap per market data) with no formal analyst coverage found — vsStreet is unknown, and neither our records nor a web search turned up prior management guidance, so the print cannot be graded against a formal outlook.

The swing to loss is entirely a segment-mix story, not a one-off charge: the Cables & Other Electrical Products segment (subsidiary Fort Gloster Industries) saw revenue fall 35.1% YoY to ₹73.02 Cr and posted a segment loss of ₹5.78 Cr, against a profit of ₹7.93 Cr YoY and ₹0.95 Cr QoQ. The core Jute Goods segment moved the opposite way — revenue up 83.6% YoY to ₹354.38 Cr and segment profit more than doubling to ₹29.37 Cr from ₹12.53 Cr YoY — but wasn't enough to offset the Cables shortfall. Consolidated finance costs also rose 37.2% YoY to ₹21.74 Cr, adding further pressure below the operating line. Standalone results (effectively the jute-only entity) show a profit of ₹10.10 Cr and EPS of ₹9.23 — a materially different picture from the consolidated loss, underscoring that the Cables subsidiary is the sole source of the group-level weakness.

The stock went into the print at ₹697.45, up 5.7% over the past month of trading.

For context: revenue is at a 6-quarter high.

Corporate developments this quarter were mostly administrative: the AGM and FY26 annual report/BRSR were on schedule, and the previously-filed NCLT scheme to amalgamate wholly-owned subsidiaries Gloster Lifestyle Ltd and Gloster Specialities Ltd into Gloster Ltd was heard on 14 February 2026 and remains reserved for order, with no financial effect yet given in these results. No press release or management commentary on this result was available to corroborate or contrast against the numbers.