GCSL / guidance tracker

Keep management guidance in view.

Gretex Corporate Services · forward-looking guidance across the available source record.

Research layer active

Guidance tracker

What management said would happen.

Full-year PAT margin target of 40-45%

Management expects consolidated PAT margin to reach 40-45% in FY26, driven by higher listing activity in Q4.

margins

Q4 FY26 to see multiple listings

Three companies already approved and four more expected by month-end; all expected to list within Q4.

growth

Shift focus to mainboard IPOs

Gradual reduction in SME IPO mandates to lower inventory risk; increasing mainboard IPO execution.

expansion