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GTT Data Solutions reported Q2 FY26 consolidated revenue of Rs. 36.77 crore, up sharply from Rs. 3.54 crore in Q2 FY25 (H1 FY26 revenue of Rs. 62.20 crore vs Rs. 6.59 crore last year), driven largely by recent acquisitions of Itarium, CRG Solutions, and Alpharithm. Despite the revenue jump, consolidated net loss widened to Rs. 5.20 crore in H1 FY26 (from Rs. 1.88 crore loss), with standalone losses of Rs. 6.20 crore. The Board approved 100% acquisition of Antworks Solutions India and Insurant AI (UK), to be funded through a preferential issue via share swap, and increased authorised share capital from Rs. 65 crore to Rs. 70 crore. The auditor flagged an emphasis of matter on Rs. 5.31 crore in advances given to two companies for IP rights purchases, delayed due to tax compliance issues. Consolidated operating cash flow was negative at Rs. 20.71 crore in H1 FY26.
Strong revenue growth signals successful acquisition-led expansion, but widening losses and negative operating cash flow mean shareholders face near-term EPS dilution and margin pressure. Existing investors will see further share dilution from the share-swap-based preferential issue funding the new acquisitions.