GTL Limited has submitted to the Exchange, the Un-audited financial results for the quarter ended Jun 30, 2025.
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GTL Limited reported Q1 FY26 (quarter ended June 30, 2025) revenue from operations of ₹5,572.66 lakhs, down about 11.6% from ₹6,305.99 lakhs in Q1 FY25 and roughly 20% lower than Q4 FY25's ₹6,989.97 lakhs. The company reported a profit of ₹1,560.12 lakhs (EPS ₹0.99), but this includes a one-time exceptional revenue of ₹1,129.08 lakhs. Critically, the company did not recognise or pay interest on its borrowings during the quarter — had it done so, finance costs would have been ₹9,317.23 lakhs higher and the company would have reported a loss of ₹7,738.36 lakhs (EPS negative ₹4.93). The auditor (GDA & Associates) issued a modified review conclusion citing this non-recognition of interest, and also flagged a material uncertainty about the company's ability to continue as a going concern because its net worth is eroded and current liabilities exceed current assets. The auditor further noted that balance confirmations for bank loans, escrow accounts, and fixed deposits totalling ₹3,40,140.99 lakhs were not received.
Despite the headline profit, the underlying business is loss-making once interest obligations are included, and the auditor has flagged serious doubts about the company's survival as a going concern. Shareholders should view this as a high-risk situation — the reported profit is driven by one-time items, debt resolution remains uncertain (Canara Bank NCLT withdrawal and other lender OTS are awaited), and the equity value is effectively wiped out. This is likely to weigh negatively on the stock and is a red flag for any new investor.