Audited Standalone and Consolidated Financial Results for quarter and year ended 31 March 2026
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GTN Textiles Ltd reported a massive standalone net loss of Rs 1,278 lakh for the year ended March 2026, compared to a loss of Rs 44 lakh in the previous year. Revenue from operations stood at Rs 1,023 lakh from cotton yarn trading. The company recorded significant losses from discontinued operations (land sale) totaling Rs 900 lakh. Exceptional items of Rs 1,040 lakh represent impairment of investments in an associate concern. Other equity turned deeply negative at Rs 2,602 lakh (standalone), while total assets shrank sharply from Rs 5,943 lakh to Rs 2,270 lakh. The company has been selling landed property (25.08 acres sold) and pivoted to cotton yarn trading due to improved textile demand. Operating cash flow was negative at Rs 562 lakh. Auditors issued unmodified opinions on both standalone and consolidated results.
The company is in severe financial distress with mounting losses and negative equity. The going concern basis has been explicitly stated in the financials, indicating significant doubt about the company's ability to continue operations without asset sales or external funding. Shareholders face substantial risk as the stock is likely to remain under pressure.