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Gretex Corporate Services (GCSL) reported strong financial results for the quarter and half-year ended September 30, 2025. Total income surged to INR67.4 Cr, up 197% sequentially, with PAT rising 13 times to INR12.9 Cr. This growth was fueled by increased IPO mandates and market-making activities, completing 5 IPOs in the quarter. GCSL holds a robust pipeline of 21 IPO mandates (16 SME, 5 Mainboard) and its broking subsidiary manages 19 market-making mandates. The company plans to launch AIF and PMS, and its broking subsidiary will pursue a main board listing for growth. A past 21-day SEBI restriction on new mandates was attributed by management to minor compliance observations from 2018, now resolved.