GHCL Limited reported a mixed set of numbers for the third quarter ended December 31, 2025, with revenue remaining largely stable on a year-on-year basis, while profitability saw a sharp decline due to higher operating expenses.
Revenue from operations in Q3 stood at ₹756.54 crore compared with ₹778.73 crore in the same quarter last year, reflecting a decline of about 2.85% YoY. Other income fell significantly to ₹16.13 crore from ₹28.69 crore, registering a 43.8% YoY drop. As a result, total income declined to ₹772.67 crore from ₹807.42 crore, down 4.3% YoY.
On the cost side, total expenses increased to ₹629.29 crore in Q3 from ₹580.15 crore a year ago, marking an 8.47% YoY rise. Higher power, fuel and water expenses, along with an increase in other operating expenses, contributed to the overall cost escalation during the quarter.
Profit before tax declined sharply to ₹143.38 crore compared with ₹227.27 crore in Q3 of the previous year, a fall of approximately 36.9% YoY. Tax expenses for the quarter stood at ₹37.37 crore versus ₹58.85 crore last year, down 36.5% YoY, largely tracking the lower profitability.
Net profit for the quarter came in at ₹106.01 crore, compared with ₹168.42 crore in the corresponding quarter last year, translating into a 37.1% YoY decline.
