Greenhitech posts FY26 results: acquisitions lift revenue, but profit still fell
First full year with acquired businesses on the books shows the deals added to the top line but not the bottom.
— 1 earlier story on Greenhitech Ventures Ltd. →What's new
- FY26 consolidated revenue rose year-on-year due to the impact of recent acquisitions.
- Consolidated net profit declined despite the higher revenue.
- Standalone revenue and net profit both saw a slight year-on-year fall.
Why this matters
For a nano-cap, the first full-year results post-acquisition are the first real test of integration. The deals passed on revenue, but failed on profitability. The core standalone business also weakened slightly.
What we're watching
- How much of consolidated revenue growth came from the acquired businesses versus the core.
- Why the acquisitions are diluting net profit despite adding sales.
- Whether the slight standalone decline is a one-year blip or a trend.
The full read
Greenhitech Ventures' FY26 results are the first scorecard for its recent acquisitions. The deals worked on the top line. Consolidated revenue ticked up because the new businesses were folded in. They did not work on the bottom line. Consolidated net profit dropped. The standalone numbers are the other side of the coin: both revenue and profit saw a slight year-on-year decline, showing the core business weakened even as it absorbed new units. For a nano-cap, this is the critical question. Revenue growth from M&A is easy. Converting it into profit, while keeping the core healthy, is the test. Greenhitech failed both halves of it in year one.
Questions answered
- How did the consolidated and standalone results differ?
- Consolidated revenue was higher year-on-year because of the recent acquisitions, but consolidated net profit was lower. On a standalone basis, both revenue and net profit saw a slight year-on-year decline.
- What does the standalone performance signal about the core business?
- The slight standalone decline in both revenue and net profit suggests the core business, excluding the new acquisitions, contracted slightly during FY26.
- Were the results a surprise?
- No, the filing is a standard annual disclosure and the results contained mixed signals but no surprise relative to market expectations.
- Is this the first full year with the acquisitions on the books?
- Yes, this is the first full year ended March 31, 2026, that the results fully reflect the financial impact of the company's recent acquisitions.
Greenhitech Ventures Ltd.
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All notes on GVL →- 30 May 2026 · 5:57 PM IST Greenhitech posts FY26 results: acquisitions lift revenue, but profit still fell
- 37d ago Greenhitech raised ₹89.61 cr. The acquisitions doubled revenue and halved profit.