GTL Limited has informed the Exchange regarding Outcome of Board Meeting held on May 07, 2025.
GTL · price
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Awaiting price reaction for this filing.
GTL Limited's Board approved its audited financial results for the quarter and year ended March 31, 2025. Revenue from operations grew about 26% to ₹25,388 lakhs (from ₹20,192 lakhs in FY24), but the company reported a loss of ₹838 lakhs for the full year versus a profit of ₹21,080 lakhs last year (when large exceptional gains boosted numbers). The auditors (GDA & Associates) issued a Modified Opinion because the company has neither paid nor provided for interest on its borrowings; if interest were recognized, finance costs would rise by ₹38,344 lakhs and the reported loss would balloon to ₹39,140 lakhs (EPS of ₹-24.91). This is the eighth consecutive year the audit qualification has appeared. The auditor also flagged a material uncertainty on going concern, noting that net worth is deeply negative (₹-6,02,932 lakhs) and current liabilities exceed current assets.
This is a high-risk filing for shareholders. The company has effectively wiped out its equity, is not servicing its debt, faces a pending NCLT petition from a lender, and relies on lender settlements and arbitration outcomes to survive. The stock remains under serious financial distress; any positive movement is likely tied to the arbitration outcome and further OTS (one-time settlement) closures rather than operating performance.