Standalone & Consolidated Unaudited Financial Results for quarter and nine months period ended 31.12.2025
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GTN Textiles reported revenue of Rs 338 lakhs for Q3 FY26 (up from Rs 207 lakhs in Q2 FY26) and Rs 674 lakhs for the 9-month period, entirely from cotton yarn trading after discontinuing its yarn manufacturing business. The company posted a loss after tax of Rs 42 lakhs in Q3 and Rs 94 lakhs for 9M on a continuing operations basis. Other equity remains deeply negative at Rs (4,227) lakhs standalone and Rs (6,191) lakhs consolidated. The company has sold 25.08 of 25.76 acres of land and used proceeds to repay all bank dues, while now pivoting to a small trading model. Statutory auditors (L U Krishnan & Co.) issued an unqualified limited review report on both standalone and consolidated results.
For shareholders, the results show a loss-making, transformed business with negative net worth and limited scale. Revenue is tiny relative to the equity base, and the company's future depends on ramping up cotton yarn trading and monetising the remaining 0.68 acres of land. Stock price is likely to remain subdued given weak fundamentals, though debt has been cleared.