Audited Standalone and Consolidated Financial Results for quarter and year ended 31.3.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GTN Textiles' Board approved audited results for Q4 and FY25, with the auditor issuing an unmodified opinion. Cotton yarn manufacturing has been discontinued since Q2 FY23; continuing operations posted a small loss of Rs 44 lakhs in both Q4 and FY25. Discontinued operations swung to a profit of Rs 657 lakhs (after tax) in Q4 FY25 from a Rs 195 lakh loss in Q4 FY24, though the full year still showed a Rs 738 lakh loss (vs Rs 1,204 lakh loss in FY24), largely due to profit on sale of land and buildings. The company sold 16.39 acres of land at Aluva for Rs 59.99 crore, with proceeds fully paying off bank dues (Rs 43.04 crore) and adjusting a Rs 14.58 crore unsecured promoter loan; an agreement to sell another 9.33 acres was signed in March 2025. The auditor flagged a Material Uncertainty Related to Going Concern, noting eroded net worth and a full-year comprehensive loss of Rs 743 lakhs. Management plans to restart via outsourced cotton yarn manufacturing or trading post the land monetisation. Varma & Varma was appointed as internal auditor for FY26.
Shareholders hold a stock with eroded net worth and a formal going-concern flag, but land-sale proceeds have wiped out bank debt and management is pivoting to a leaner outsourced/trading model. Near-term sentiment depends on execution of the restart plan and sale of the remaining Aluva land.