Further to our letter dated 28th July, 2025 and Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations & Disclosures) Regulations, 2015, We wish to inform you that the ....
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GTN Industries Limited's Board, at its meeting on 8th August 2025, approved unaudited financial results for Q1 FY26 (quarter ended 30th June 2025). Revenue from operations fell to Rs. 3,858 lacs from Rs. 4,651 lacs in the same quarter last year, a decline of about 17%. The company swung to a loss before tax of Rs. 209 lacs compared to a profit of Rs. 58 lacs in Q1 FY25, and reported a loss after tax of Rs. 202 lacs versus a profit of Rs. 45 lacs earlier. EPS for the quarter was negative Rs. 1.15 versus positive Rs. 0.26 a year ago. Statutory auditors Lodha & Co LLP issued a clean (unmodified) limited review report with no qualifications or concerns raised.
Continued quarterly losses and a double-digit revenue drop signal ongoing pressure on the textile business, which is likely to weigh on the stock and concern existing shareholders. However, the clean auditor review with no qualifications provides some reassurance on the integrity of the reported numbers.