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GTT Data Solutions' board on August 14, 2025 approved its Q1 FY26 results, reporting a consolidated loss of Rs 411.13 lakhs on revenue of Rs 2,543.53 lakhs (up sharply from Rs 304.94 lakhs YoY), driven by recently acquired subsidiaries. On a standalone basis, revenue rose to Rs 47.56 lakhs with a loss of Rs 411.11 lakhs. The board approved a Rights Issue of up to Rs 50 Crores, a new ESOP 2025 scheme, and the merger of three wholly-owned subsidiaries (Global Talent Track, Itarium Technologies India, Alpharithm Technologies) into the parent. M/s. DND & Associates were appointed as Internal Auditors. The company provided an update on its Alpharithm Singapore acquisition — a binding term sheet has been signed, and Alpharithm Singapore has in turn acquired AntWorks Pte. Ltd. (with subsidiaries in UK, US, India), which would become step-down subsidiaries of GTT. The 39th AGM is scheduled for September 29, 2025.
Heavy losses persist despite strong revenue growth post-acquisitions, reflecting integration and expansion costs. The Rs 50 Cr rights issue will dilute existing shareholders but fund growth, while the AntWorks acquisition significantly expands the group's global footprint.