Audited Financial Results for the quarter and year ended March 31, 2026
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GTL Ltd reported revenue from operations of ₹22,437.20 lakhs for FY26, down from ₹25,387.94 lakhs in FY25 (approximately 12% decline). Before exceptional items, the company posted a loss of ₹6,324.71 lakhs. However, after accounting for exceptional items of ₹61,044.45 lakhs (primarily ₹73,991.19 lakhs from One Time Settlement with lenders, partly offset by ₹17,900 lakhs claim on pledged shares), net profit stood at ₹58,254.74 lakhs. The auditors issued a modified opinion for the 9th consecutive time because the company has not provided for ₹21,296.46 lakhs of interest on unsettled borrowings. The balance sheet shows severely negative net worth of ₹5,44,605.26 lakhs and total liabilities of ₹5,57,841.61 lakhs against total assets of ₹13,236.35 lakhs. The company has settled with 11 of its 14 secured lenders under an OTS scheme and awaits approval from the remaining 3 lenders.
Despite the reported profit due to exceptional OTS gains, the underlying business is loss-making and the balance sheet is in deep negative equity. The repeated modified audit opinion, going concern warning, and pending interest liability create significant uncertainty for shareholders. The stock may see volatility as the exceptional gains are non-recurring in nature.