Outcome of Board Meeting held on 07.02.2026
Price
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GTN Textiles' board approved its unaudited Q3 FY26 results on February 7, 2026. Revenue from continuing operations stood at Rs 338 lakhs for the quarter (up from Rs 207 lakhs in Q2 FY26) and Rs 674 lakhs for the nine months, entirely from cotton yarn trading after discontinuing yarn manufacturing. The company posted a net loss of Rs 42 lakhs in Q3 and Rs 94 lakhs for 9M FY26 from continuing operations, with a loss per share of Rs 0.36 (Q3) and Rs 0.80 (9M). Discontinued operations added a further loss of Rs 23 lakhs for 9M. Negative other equity of Rs 4,227 lakhs (standalone) / Rs 6,191 lakhs (consolidated) persists. Management has sold 25.08 of 25.76 acres of surplus land, used proceeds to repay bank dues, and is preparing financials on a going-concern basis. Statutory auditors L.U. Krishnan & Co issued an unqualified limited review report.
The company remains loss-making with deeply negative reserves, but the pivot to yarn trading is showing early revenue traction and the land sale has cleared legacy debt. Short-term outlook stays weak for shareholders, though asset monetisation and debt reduction reduce solvency risk.