Gretex Corporate Services Ltd · NSE:GCSL
Gretex Corporate Services — Q1 FY27 Earnings Presentation
37 slides from Gretex Corporate Services's earnings presentation, Aug 8, 2026
Slide 1: Submission letter to NSE and BSE for investor presentation
GRETEX CORPORATE SERVICES LIMITED A-401, Floor 4th, Plot FP-616, (PT), Naman Midtown, Senapati Bapat Marg, Near Indiabulls, Dadar (West), Mumbai – 400013 Website: www.gretexcorporate.com, Email ID: info@gretexgroup.com Contact No.: 02269308500 CIN: L74999MH2008PLC288128 Date: August 08, 2026 To, To,
Slide 2: Investor Presentation Q1-FY27
GRETEX CORPORATE SERVICES LIMITED INVESTOR PRESENTATION Q1-FY27 August 2026 CAPITAL GROWTH TRUST 1
Slide 3: Company Snapshot
COMPANY SNAPSHOT Gretex Corporate Services Limited at a glance — a SEBI-registered Category-I Merchant Banker 62 ~₹1,529 Cr Companies listed on Capital mobilised stock exchanges since FY2017 Structuring growth through capital markets & strategic advisory Gretex is a SEBI-registered Category-I Mercha
Slide 4: Q1-FY27 Financial Highlights
QUARTERLY PERFORMANCE Q1-FY27 Financial Highlights Quarterly consolidated revenue, margins and key performance metrics 3
Slide 5: Q1-FY27 Financial Highlights
Q1-FY27 FINANCIAL HIGHLIGHTS Quarterly consolidated performance · All figures in INR Mn unless stated Particulars Q1-FY27 Q1-FY26 Y-o-Y Q4-FY26 Q-o-Q Revenue from Operations 375 220 70.5% 348 7.8% Operating Expenses 203 203 250 EBITDA 172 17 911.8% 98 75.5% EBITDA Margins (%) 45.87% 7.73% 3814 Bps 2
Slide 6: Q1-FY27 Key Metrics
Q1-FY27 KEY METRICS Headline performance indicators · QoQ vs Q4-FY26, YoY vs Q1-FY26 · Consolidated REVENUE EBITDA PAT ₹ 375 Mn ₹ 172 Mn ₹ 128 Mn 70% YoY 912% YoY 1180% YoY EPS EBITDA MARGIN PAT MARGIN ₹ 3.97 45.87% 34.13% 845% YoY 3814 bps YoY 2959 bps YoY Revenue and profitability improved signifi
Slide 7: Q1-FY27 Operational Highlights
Q1-FY27 OPERATIONAL HIGHLIGHTS Key business, financial and corporate developments during the quarter 3 1 CAT-II New mandates DRHP filed AIF registered signed (Sky Alloys & Power) (Bahutex, the partner company) FINANCIAL PERFORMANCE BUSINESS & CORPORATE DEVELOPMENTS • Consolidated revenue and profit
Slide 8: Leadership, Journey & Footprint
COMPANY OVERVIEW Leadership, Journey & Footprint Board & management, milestones, geographic presence and clientele 7
Slide 9: Board of Directors
BOARD OF DIRECTORS Alok Harlalka Arvind Harlalka Sumeet Harlalka Managing Director & CFO Whole-Time Director Whole-Time Director • 17 years on Board • 17 years on Board • 2+ years on Board • 28+ yrs in capital markets; Nominee Director of AIBI • 32 yrs across finance & manufacturing • 23 yrs in FX &
Slide 10: Our Journey — From Ambition to Arrival
OUR JOURNEY — FROM AMBITION TO ARRIVAL 2008–10 2011–14 2017–21 2022–23 2024–25 2025–26 Incorporated as Dynamic Renamed Gretex First SME IPO listing; New corporate office at First Mainboard IPO Migrated to Mainboard Tradeserv Pvt. Ltd. (2008) Corporate Services Listed IPOs through One BKC; Among Top-
Slide 11: Geographic Presence
GEOGRAPHIC PRESENCE A focused two-city footprint anchoring pan-India origination and execution MUMBAI KOLKATA Registered & Corporate Office Branch Office Registered Office Branch Office A-401, Naman Midtown, Senapati Bapat Office 506 (A&B), 90 Phears Lane, Marg, Dadar (W), Mumbai – 400013 Kolkata –
Slide 12: Some of Our Prestigious Clients
SOME OF OUR PRESTIGIOUS CLIENTS A cross-section of issuers and market-making clients Gretex has partnered with Trust,300+ relationships transparency, built on trust, transformation —transparency relationshipsand thattransformation outlast the transaction 11 8
Slide 13: Awards & Recognition
AWARDS & RECOGNITION Consistently recognised by leading exchanges and industry bodies for innovation, governance & SME capital-market impact BSE BSE Star MF & Partners AIBI Top Performing Merchant Banker in the SME Strategic Partner – Capital Market Expansion Alok Harlalka — SME Convenor, AIBI Segme
Slide 14: Segments, Services & Execution Engine
BUSINESS OVERVIEW Segments, Services & Execution Engine What Gretex does, how it delivers, and the capacity behind it 13
Slide 15: Gretex Group Structure & Business Verticals
GRETEX GROUP STRUCTURE & BUSINESS VERTICALS An integrated financial services platform spanning capital markets, broking and allied businesses ONE VISION, MULTIPLE STRENGTHS GRETEX CORPORATE SERVICES LTD GRETEX SHARE BROKING LTD · (MATERIAL SUBSIDIARY) GRETEX INDUSTRIES LTD · ASSOCIATE COMPANY Capita
Slide 16: Service Portfolio
SERVICE PORTFOLIO Seven integrated service segments spanning the full capital-markets lifecycle 1 2 3 4 SME & Mainboard Corporate Strategy Valuation & Private Placements IPO Advisory & Restructuring Financial Advisory & PE Advisory End-to-end merchant banking: due Business realignment, mergers, deme
Slide 17: Diversified Client Base Across Multiple Industries
Diversified Client Base Across Multiple Industries 62 IPO-listed clients mapped by industry — an all-sector origination capability 7 6 5 4 4 4 3 Industrial Products & Mfg. Real Estate, Infra & Pharmaceuticals & Chemicals & Polymers Packaging Metals, Castings & Forgings Jewellery Construction Healthc
Slide 18: Deal Execution Lifecycle
DEAL EXECUTION LIFECYCLE A disciplined, lifecycle-driven engagement model — pre-IPO strategy to post-listing support 1 Origination & Mandate 2 Due Diligence & Structuring 3 Documentation & Filing Promoter connections & industry networks generate a Robust SEBI-aligned diligence; optimise valuation, D
Slide 19: Mandate Pipeline & Execution Capacity
MANDATE PIPELINE & EXECUTION CAPACITY A proven, repeatable engine with strong forward visibility FY2026 DELIVERED 11 ~₹495 Cr 3 20 SME IPOs listed Capital mobilised Open offers Valuation mandates FORWARD PIPELINE 14 NSE Emerge / BSE SME Mainboard 10 SME IPOs across both SME exchange platforms 4 Larg
Slide 20: India's Capital Markets & the SME Opportunity
INDUSTRY OVERVIEW India’s Capital Markets & the SME Opportunity Market size, growth drivers, trends and the regulatory landscape 19
Slide 21: Strong Industry Fundamentals Supporting Future Scale
STRONG INDUSTRY FUNDAMENTALS SUPPORTING FUTURE SCALE India’s capital markets are deepening — record domestic flows and a rising pipeline of primary issuances Rising momentum in capital-market issuances Healthy capital markets, supported by strong domestic flows SME & Mainboard IPO count DII / FII Ne
Slide 22: Growth Drivers
GROWTH DRIVERS Structural forces deepening and institutionalising India’s capital markets Deepening Retail Financialisation of Savings SME Formalisation Participation Rising equity participation and record SIP flows are SMEs are evolving into structured, growth- A larger, more informed retail base i
Slide 23: Industry Trends & Regulatory Landscape
INDUSTRY TRENDS & REGULATORY LANDSCAPE KEY INDUSTRY TRENDS GOVERNMENT & REGULATORY Startup India, Make in India & Atmanirbhar Bharat expanding the listing-ready Consolidation around well-capitalised, established merchant bankers universe Stronger disclosure, governance & regulatory oversight SEBI’s
Slide 24: Strengths, Strategy & Investment Case
STRATEGIC OVERVIEW Strengths, Strategy & Investment Case Why Gretex, where it is headed, and the reasons to invest 23
Slide 25: Competitive Strengths
COMPETITIVE STRENGTHS Full-Stack Capital Markets SME & Emerging-Company Market Maker + Merchant Partner Specialist Banker One relationship from pre-IPO strategy to post-listing Among India’s most active SME IPO players — on- A rare combination — stays invested post-listing liquidity and ongoing mark
Slide 26: A Decade of Scaling Deal Activity
A DECADE OF SCALING DEAL ACTIVITY Year-wise IPOs managed since our first mandate in FY2017 — registered as a Merchant Banker in 2014 52 62 IPOs managed 45 since FY2017 30 8.5× Growth in avg issue size (FY17→FY26) 20 16 8 11 11 11 ~₹1,529 Cr 8 9 7 6 Cumulative capital 5 2 4 mobilised 2 2 3 3 FY17 FY1
Slide 27: Building the Next Phase of Growth
BUILDING THE NEXT PHASE OF GROWTH Six strategic initiatives scaling Gretex across mandates, platforms and adjacent capital-market products 6 5 4 Build Equity Research Capabilities 3 Inorganic Opportunities in Establish sector coverage Plans to Launch PMS Retail Broking (SME & mainboard) with 2 Explo
Slide 28: Investment Highlights
INVESTMENT HIGHLIGHTS The concise case for Gretex Corporate Services Limited Established SME IPO leader Mainboard inflection 62 transactions · ~₹1,529 cr mobilised · 5-time Top Volume Performer (BSE). Migrated to mainboard (Sep 2025); mandate profile stepping up in size & complexity. Differentiated
Slide 29: Financial Highlights & Performance
FINANCIAL OVERVIEW Financial Highlights & Performance Financial highlights, income statement, balance sheet, cash flow & key ratios 28
Slide 30: Historical Income Statement & Cash Flow
HISTORICAL INCOME STATEMENT & CASH FLOW Consolidated financials for FY24–FY26 · All figures in INR Mn unless stated Particulars FY24 FY25 FY26 Revenue from Operations 1,090 2,589 1,785 Operating Expenses 694 2,576 1,358 EBITDA 396 13 427 EBITDA Margins (%) 36.33% 0.50% 23.92% Other Income 88 69 6 De
Slide 31: Historical Balance Sheet
HISTORICAL BALANCE SHEET Consolidated statement of assets and liabilities · All figures in INR Mn Particulars FY24 FY25 FY26 Particulars FY24 FY25 FY26 EQUITY AND LIABILITIES ASSETS Equity Share Capital 115 119 242 Non-Current Assets Reserves & Surplus 972 1,813 1,456 Property, Plant and Equipment 2
Slide 32: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE Revenue, EBITDA and PAT trends · FY24–FY26 (Consolidated) · INR Mn Revenue from Operations EBITDA & Margin PAT & Margin 2,589 366 45.87% 427 396 33.58% 34.13% 36.33% 276 1,785 23.92% 1,090 172 15.46% 128 375 13 0.50% 18 0.70% FY24 FY25 FY26 Q1 FY27 FY24 FY25 FY26 Q1
Slide 33: Capital Market Data
CAPITAL MARKET DATA Stock performance, market statistics & shareholding · As on 30ᵗʰ June, 2026 YEAR-TO-DATE STOCK PERFORMANCE 60% 50% 40% 30% 20% 10% 0% -10% Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Gretex Nifty Small Cap 250 SHAREHOLDING PATTERN As on 30ᵗʰ June, 2026 M
Slide 34: Responsible Growth & Community Impact
ESG & SUSTAINABILITY Responsible Growth & Community Impact Project Samriddhi, healthcare, education and strong governance 33
Slide 35: ESG & Sustainability
ESG & SUSTAINABILITY Creating meaningful, measurable and lasting impact beyond the financial year Education — Project Samriddhi Healthcare Hunger & Social Welfare Flagship CSR initiative: adopted a government school — Financial assistance for cancer patients; partnered with Collaborations with UNB I
Slide 36: Disclaimer
DISCLAIMER This presentation is for information purposes only and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Gretex Corporate Services Limited (the "Com
Slide 37: Thank You
THANK YOU GRETEX CORPORATE SERVICES LIMITED A-401, 4th Floor, Naman Midtown, Senapati Bapat Marg, Dadar (W), Mumbai – 400013 Mr. Mohd Amir www.gretexcorporate.com · info@gretexgroup.com · +91 22 6930 8500 Budhaaditya Advisors Pvt Ltd. NSE: GCSL · BSE: 543324 · Contact: +91 98318 83749 CIN: L74999MH2
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