Outcome for Board Meeting Held On 26 May 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GTN Textiles Ltd reported audited financial results for FY2026. Total revenue from continuing operations was Rs 1023 lakhs (Rs 10.23 crore) for the year, driven by cotton yarn trading. The company reported a net loss of Rs 238 lakhs from continuing operations and total comprehensive loss of Rs 1138 lakhs for the year. An exceptional item of Rs 1040 lakhs was recorded due to impairment in investment value of an associate. The company is selling landed property (25.08 acres sold, 0.63 acres pending for Rs 2.50 crore). Net cash from operating activities was negative at Rs 562 lakhs. Auditors issued unmodified opinion confirming clean audit.
The stock shows significant losses with negative equity of Rs 4515 lakhs on consolidated basis. Despite positive revenue from new yarn trading business, the company continues to burn cash with negative operating cashflow. The auditors gave clean opinion but the financial position remains weak.