Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹4.10 (vs ₹6.88 loss in FY 2025) Full year 2026 results: EPS: ₹4.10 (up from ₹6.88 loss in FY 2025). Net income: ₹450.2m (up ₹1.21b from FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Announcement • May 22
GFL Limited to Report Q4, 2026 Results on May 29, 2026 GFL Limited announced that they will report Q4, 2026 results on May 29, 2026 Board Change • May 18
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Ishita Jain was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹1.18 (vs ₹0.42 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.18 (up from ₹0.42 in 3Q 2025). Revenue: ₹10.2m (up 82% from 3Q 2025). Net income: ₹130.0m (up 184% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 123 percentage points per year, which is a significant difference in performance. Announcement • Feb 05
GFL Limited to Report Q3, 2026 Results on Feb 12, 2026 GFL Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹1.33 (vs ₹3.22 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹1.33 (up from ₹3.22 loss in 2Q 2025). Net income: ₹146.3m (up ₹499.8m from 2Q 2025). Announcement • Nov 05
GFL Limited to Report Q2, 2026 Results on Nov 11, 2025 GFL Limited announced that they will report Q2, 2026 results on Nov 11, 2025 Announcement • Sep 02
GFL Limited, Annual General Meeting, Sep 23, 2025 GFL Limited, Annual General Meeting, Sep 23, 2025, at 13:00 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2026 earnings released: ₹0.74 loss per share (vs ₹2.41 loss in 1Q 2025) First quarter 2026 results: ₹0.74 loss per share (improved from ₹2.41 loss in 1Q 2025). Net loss: ₹81.6m (loss narrowed 69% from 1Q 2025). Announcement • Aug 09
GFL Limited to Report Q1, 2026 Results on Aug 13, 2025 GFL Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Board Change • Jul 21
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Independent Director Shailendra Swarup was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 02
Full year 2025 earnings released: ₹6.88 loss per share (vs ₹0.69 loss in FY 2024) Full year 2025 results: ₹6.88 loss per share (further deteriorated from ₹0.69 loss in FY 2024). Net loss: ₹755.9m (loss widened ₹680.2m from FY 2024). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • May 23
GFL Limited to Report Q4, 2025 Results on May 30, 2025 GFL Limited announced that they will report Q4, 2025 results on May 30, 2025 Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: ₹0.42 (vs ₹0.14 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.42 (up from ₹0.14 in 3Q 2024). Net income: ₹45.8m (up 218% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Feb 05
GFL Limited to Report Q3, 2025 Results on Feb 12, 2025 GFL Limited announced that they will report Q3, 2025 results on Feb 12, 2025 New Risk • Jan 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.20b (US$94.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.9% average weekly change). Revenue is less than US$1m (₹32m revenue, or US$364k). Minor Risk Market cap is less than US$100m (₹8.20b market cap, or US$94.6m). Reported Earnings • Nov 13
Second quarter 2025 earnings released: ₹3.22 loss per share (vs ₹2.15 profit in 2Q 2024) Second quarter 2025 results: ₹3.22 loss per share (down from ₹2.15 profit in 2Q 2024). Net loss: ₹353.5m (down 249% from profit in 2Q 2024). Announcement • Nov 06
GFL Limited to Report Q2, 2025 Results on Nov 12, 2024 GFL Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Announcement • Oct 01
GFL Limited Appoints Lakhan Shamala as Company Secretary and Compliance Officer GFL Limited announced that the Board of Directors of the Company at its meeting held on 13 August 2024, based on the recommendation of Nomination and Remuneration Committee, had authorized Mr. Siddharth Jain, Director of the Company to consider and finalize the appointment of Mr. Lakhan Shamala as the Company Secretary and Compliance Officer of the Company who shall be the Key Managerial Personnel as per the provisions of the Companies Act, 2013 and SEBI Listing Regulations and had also authorized Mr. Siddharth Jain to issue offer letter to Mr. Lakhan Shamala and take necessary action, including to intimate the stock exchanges on Mr. Lakhan Shamala joining the Company. Mr. Lakhan Shamala has joined the Organization as a Company Secretary and Compliance Officer with effect from 1 October 2024. Mr. Lakhan Shamala is a Company Secretary having more than 1 year of experience in Corporate Secretarial Role. Mr. Shamala started his CS career as a management trainee with Choice International Limited and was most recently, associated with Choice International Limited as a Deputy Manager. Reported Earnings • Aug 14
First quarter 2025 earnings released: ₹2.41 loss per share (vs ₹18.31 profit in 1Q 2024) First quarter 2025 results: ₹2.41 loss per share (down from ₹18.31 profit in 1Q 2024). Net loss: ₹265.2m (down 113% from profit in 1Q 2024). Announcement • Aug 13
GFL Limited, Annual General Meeting, Sep 18, 2024 GFL Limited, Annual General Meeting, Sep 18, 2024. Announcement • Aug 07
GFL Limited to Report Q1, 2025 Results on Aug 13, 2024 GFL Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Reported Earnings • Jun 04
Full year 2024 earnings released: ₹0.69 loss per share (vs ₹207 profit in FY 2023) Full year 2024 results: ₹0.69 loss per share (down from ₹207 profit in FY 2023). Net loss: ₹75.7m (down 100% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • May 24
GFL Limited to Report Fiscal Year 2024 Results on May 29, 2024 GFL Limited announced that they will report fiscal year 2024 results on May 29, 2024 Recent Insider Transactions • Feb 19
Insider recently sold ₹21m worth of stock On the 13th of February, Shailendra Swarup sold around 6k shares on-market at roughly ₹3,514 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 06
Third quarter 2024 earnings released Third quarter 2024 results: EPS: ₹0.14. Net income: ₹14.4m (up ₹202.4m from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 05
GFL Limited Reconstitutes the Committees of the Board of Directors, Effective April 1, 2024 GFL Limited announced that at its board meeting held on February 5, 2024, reconstituted the committees of the Board of Directors effective from 1st April, 2024. Audit Committee: Girija Balakrishnan – Chairperson, Devendra Kumar - Jain Member, Vanita Bhargava – Member, Shashi Kishore Jain – Member; Nomination and Remuneration Committee: Girija Balakrishnan – Chairperson, Pavan Kumar Jain – Member, Vanita Bhargava – Member; Stakeholders Relationship Committee: Siddharth Jain – Chairperson, Girija Balakrishnan – Member, Pavan Kumar Jain – Member; Risk Management Committee: Devendra Kumar Jain – Chairperson, Girija Balakrishnan – Member, Pavan Kumar Jain – Member; Corporate Social Responsibility Committee: Girija Balakrishnan – Chairperson, Devendra Kumar Jain – Member, Pavan Kumar Jain – Member; GFL Committee of Board of Directors for Operations: Devendra Kumar Jain – Chairperson, Pavan Kumar Jain – Member, Girija Balakrishnan – Member, Siddharth Jain - Member. Announcement • Jan 30
GFL Limited to Report Q3, 2024 Results on Feb 05, 2024 GFL Limited announced that they will report Q3, 2024 results on Feb 05, 2024 Announcement • Nov 15
GFL Limited Appoints Mr. Vineesh Vijayan Thazhumpal, as Company Secretary and Compliance Officer GFL Limited announced that at the board meeting held on November 14, 2023, the company approved the appointment of Mr. Vineesh Vijayan Thazhumpal, as Company Secretary and Compliance Officer of the Company (CS)(KMP) with effect from November 14, 2023. Mr. Vineesh Vijayan Thazhumpal is an Associate Member of the Institute of Company Secretaries of India (ICSI), LL.B, and B.Com graduate. He is having a total of 5 years of experience in the field of Secretarial Compliance, Agreements Drafting, Listing Regulations, and various laws. Organizational Experience: Lovable Lingerie Limited; Century Enka Limited; and LexStart Consultancy Private Limited. Reported Earnings • Nov 03
Second quarter 2024 earnings released Second quarter 2024 results: EPS: ₹2.15. Net income: ₹236.9m (up ₹409.8m from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Oct 27
GFL Limited to Report Q2, 2024 Results on Nov 02, 2023 GFL Limited announced that they will report Q2, 2024 results on Nov 02, 2023 Announcement • Sep 29
GFL Limited Announces Resignation of Divya Shrimali, Company Secretary and Compliance Officer GFL Limited announced that Ms. Divya Shrimali has tendered her resignation (letter attached) from the position of Company Secretary and Compliance Officer of GFL Limited vide letter dated 28th September, 2023 effective from the close of business hours on 30th September, 2023. New Risk • Sep 10
New major risk - Revenue and earnings growth Earnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Large one-off items impacting financial results. Announcement • Aug 10
GFL Limited, Annual General Meeting, Sep 27, 2023 GFL Limited, Annual General Meeting, Sep 27, 2023. Announcement • Aug 03
GFL Limited to Report Q1, 2024 Results on Aug 09, 2023 GFL Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹206 (vs ₹10.13 loss in FY 2022) Full year 2023 results: EPS: ₹206 (up from ₹10.13 loss in FY 2022). Net income: ₹22.7b (up ₹23.8b from FY 2022). Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • May 24
GFL Limited to Report Fiscal Year 2023 Results on May 30, 2023 GFL Limited announced that they will report fiscal year 2023 results on May 30, 2023 Reported Earnings • Feb 02
Third quarter 2023 earnings released Third quarter 2023 results: ₹3.79 loss per share. Revenue: ₹5.22b (up 76% from 3Q 2022). Net loss: ₹188.0m (down ₹192.9m from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Announcement • Jan 25
GFL Limited to Report Q3, 2023 Results on Feb 01, 2023 GFL Limited announced that they will report Q3, 2023 results on Feb 01, 2023 Board Change • Dec 26
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Additional Independent & Non-Executive Director Shashi Jain was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Second quarter 2023 earnings released Second quarter 2023 results: ₹3.64 loss per share. Revenue: ₹3.82b (up ₹3.34b from 2Q 2022). Net loss: ₹172.9m (loss narrowed 61% from 2Q 2022). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 17% share price gain to ₹80.00, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 39x in the Entertainment industry in India. Total returns to shareholders of 25% over the past three years. Reported Earnings • Jul 28
First quarter 2023 earnings released First quarter 2023 results: Revenue: ₹13.6b (up ₹13.4b from 1Q 2022). Net income: ₹3.06b (up ₹3.62b from 1Q 2022). Profit margin: 23% (up from net loss in 1Q 2022). Reported Earnings • May 07
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: ₹22.17 loss per share. Revenue: ₹7.08b (up ₹6.01b from FY 2021). Net loss: ₹1.11b (loss narrowed 19% from FY 2021). Revenue missed analyst estimates by 43%. Earnings per share (EPS) were also behind analyst expectations. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Additional Independent Director Shashi Jain was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Feb 01
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: ₹0.02 loss per share (up from ₹43.80 loss in 3Q 2021). Revenue: ₹3.03b (down 52% from 3Q 2021). Net income: ₹4.90m (up ₹4.81b from 3Q 2021). Profit margin: 0.2% (up from net loss in 3Q 2021). Revenue missed analyst estimates by 43%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jan 02
Insider recently sold ₹21m worth of stock On the 30th of December, Hem Kumari sold around 9k shares on-market at roughly ₹2,316 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹129m more than they bought in the last 12 months. Recent Insider Transactions • Dec 19
Additional Non Executive Director recently bought ₹1.5m worth of stock On the 16th of December, Siddharth Jain bought around 20k shares on-market at roughly ₹77.02 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₹108m more in shares than they bought in the last 12 months. Recent Insider Transactions • Nov 18
Insider recently sold ₹21m worth of stock On the 16th of November, Kapoor Jain sold around 10k shares on-market at roughly ₹2,074 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹34m. Insiders have been net sellers, collectively disposing of ₹108m more than they bought in the last 12 months. Reported Earnings • Oct 30
Second quarter 2022 earnings released The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: ₹539.6m (down 91% from 2Q 2021). Net loss: ₹439.3m (down 156% from profit in 2Q 2021). Recent Insider Transactions • Sep 01
Additional Non Executive Director recently sold ₹34m worth of stock On the 25th of August, Siddharth Jain sold around 20k shares on-market at roughly ₹1,707 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹85m more than they bought in the last 12 months. Reported Earnings • Jun 21
Full year 2021 earnings released: ₹19.90 loss per share (vs ₹11.23 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: ₹27.7b (up 2.6% from FY 2020). Net loss: ₹2.19b (loss widened 77% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 10 percentage points per year, which is a significant difference in performance. Executive Departure • May 20
Independent Non-Executive Director has left the company On the 10th of May, Om Lohia's tenure as Independent Non-Executive Director ended after 14.5 years in the role. We don't have any record of a personal shareholding under Om's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Feb 10
Third quarter 2021 earnings released: ₹43.80 loss per share (vs ₹3.57 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: ₹6.63b (up 16% from 3Q 2020). Net loss: ₹4.80b (down ₹5.21b from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 56% per year whereas the company’s share price has fallen by 53% per year. Is New 90 Day High Low • Jan 06
New 90-day high: ₹95.80 The company is up 3.0% from its price of ₹92.85 on 08 October 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 22% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₹78.30 The company is down 25% from its price of ₹104 on 26 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 13% over the same period. 