Greenhitech's acquisitions doubled revenue but halved profit.
Standalone profit fell to ₹1.31 crore. Consolidated, new subsidiaries added revenue but dragged earnings to ₹0.75 crore.
— 1 earlier story on Greenhitech Ventures Ltd. →What's new
- Consolidated revenue more than doubled to ₹37.60 cr but net profit fell to ₹0.75 cr from ₹1.51 cr.
- Standalone net profit declined to ₹1.31 cr as revenue edged down to ₹19.39 cr.
- Company raised ₹89.61 cr through equity, expanding its balance sheet from ₹24.49 cr to ₹123.36 cr.
Why this matters
The year was defined by two moves: acquisitions that doubled the top line but crushed margins, and a large equity raise that ballooned the balance sheet. Profit halved even as the company grew, a warning sign that the new units are cost-heavy and not yet contributing to the bottom line.
What we're watching
- How quickly Greenhushi Bio and Tritech Industrial can contribute to consolidated profit.
- Whether the ₹89.61 cr equity raise is deployed into growth or sits idle.
- Standalone profit trajectory in Q1 FY27 after the flat revenue year.
The full read
Greenhitech Ventures ended FY26 as a fundamentally different company. It acquired two subsidiaries, Greenkushi Bio Energy and Tritech Industrial Solutions, which nearly doubled consolidated revenue to ₹37.60 crore. But the new units are a drag on earnings. Consolidated net profit sank to ₹0.75 crore, half of the prior year's ₹1.51 crore, as higher employee and depreciation costs ate into the top-line gain. Standalone, the picture is flat: revenue slipped to ₹19.39 crore and profit fell to ₹1.31 crore. The company also raised ₹89.61 crore in equity, swelling its balance sheet from ₹24.49 crore to ₹123.36 crore. The money is on the books. Where it goes is not yet clear. For now, the acquisitions have added scale but destroyed profitability. The test is whether those new units can become accretive.
Questions answered
- Why did consolidated profit fall even as revenue more than doubled?
- The two newly acquired subsidiaries, Greenhushi Bio Energy and Tritech Industrial Solutions, added ₹18.21 crore in revenue but also increased employee costs and depreciation. This weighed on margins, pushing consolidated net profit down to ₹0.75 crore from the standalone ₹1.51 crore a year prior.
- What did the company do with the ₹89.61 crore it raised?
- The filing does not specify how the equity proceeds were deployed. It only states the capital was raised during the year, which expanded total assets from ₹24.49 crore to ₹123.36 crore.
- How did the standalone business perform without the acquisitions?
- Standalone revenue was flat, dipping to ₹19.39 crore from ₹19.58 crore. Net profit fell to ₹1.31 crore from ₹1.51 crore, indicating organic operations are not growing and profitability is under mild pressure.
- What is the scale of the acquisitions relative to the original business?
- The original standalone business generated ₹19.39 crore in revenue. The acquisitions added roughly ₹18.21 crore, nearly matching the core operation in size, which explains why the balance sheet has grown five-fold.
Story so far
All notes on GVL →- 30 May 2026 · 10:20 PM IST Greenhitech's acquisitions doubled revenue but halved profit.
- today Greenhitech Ventures posts a flat year with acquisition drag on profit