Greenhitech raised ₹89.61 cr. The acquisitions doubled revenue and halved profit.
Two new subsidiaries made the top line bigger but ate all the earnings. The standalone business was flat.
— 1 earlier story on Greenhitech Ventures Ltd. →What's new
- Standalone net profit fell 13% to ₹1.31 cr on a marginal revenue dip to ₹19.39 cr.
- Consolidated revenue jumped to ₹37.60 cr on two new units, but net profit sank to ₹0.75 cr.
- A ₹89.61 cr equity raise ballooned total assets from ₹24.49 cr to ₹123.36 cr.
Why this matters
Greenhitech used fresh capital to buy its way to growth. The strategy doubled revenue but eliminated profit. The acquisitions added costs that overwhelmed the new income. The company is now much bigger and much less profitable.
What we're watching
- Whether the new units can earn their keep and add to profit.
- How the large cash pile from the raise is deployed.
- If the core standalone business can reignite growth.
The full read
Greenhitech Ventures turned its balance sheet inside out this year. It raised ₹89.61 crore in fresh equity, pushing total assets from ₹24.49 crore to ₹123.36 crore. It used that money to buy two subsidiaries, Greenkushi Bio Energy and Tritech Industrial Solutions. The strategy worked on the top line. Consolidated revenue more than doubled to ₹37.60 crore. But the cost of running the new businesses crushed profitability. Higher employee expenses and depreciation meant consolidated net profit fell to just ₹0.75 crore. That is half of what the original standalone business earned on its own. Standalone results were flat. Revenue dipped to ₹19.39 crore and net profit was down to ₹1.31 crore. The company spent the year scaling up. The next test is whether it can make that scale profitable.
Questions answered
- Why did profit fall so sharply when revenue more than doubled?
- The consolidated results include two new subsidiaries that added significant employee and depreciation costs. These integration expenses outweighed the new revenue, crushing the bottom line.
- What did the ₹89.61 crore equity raise do to the balance sheet?
- It drove a massive expansion in total assets, from ₹24.49 crore to ₹123.36 crore. The cash was used to acquire the two subsidiaries.
- Is the original business still healthy?
- The standalone business saw revenue dip slightly to ₹19.39 crore and net profit fall 13% to ₹1.31 crore. It is profitable but not growing.
Greenhitech Ventures Ltd.
Latest quarter · Mar 2026
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Story so far
All notes on GVL →- 30 May 2026 · 10:20 PM IST Greenhitech raised ₹89.61 cr. The acquisitions doubled revenue and halved profit.
- 37d ago Greenhitech posts FY26 results: acquisitions lift revenue, but profit still fell