Audited Financial Results (Standalone & Consolidated)for the year ended 31 March, 2026.
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GTT Data Solutions reported consolidated revenue of ₹13,332.26 Lakhs for FY26, a massive jump from ₹1,612.84 Lakhs in FY25 (up ~727% YoY), driven by acquisitions of Alpharithm Technologies, CRG Solutions, and expanded subsidiary base. However, the company posted a consolidated net loss of ₹1,556.44 Lakhs (standalone loss: ₹2,564.14 Lakhs) compared to a loss of ₹680.29 Lakhs previously, due to a ₹1,623.72 Lakhs non-cash impairment charge on its investment in Global Talent Track Private Limited. Total expenses surged to ₹15,076.92 Lakhs (consolidated), with employee costs at ₹4,460.90 Lakhs. The Board also approved conversion of Inter-Corporate Deposits from promoter SMCV Management Services into equity to strengthen the capital structure. Auditors issued an unmodified opinion with an Emphasis of Matter noting the pending acquisition of Antworks Solutions India Private Limited (awaiting regulatory approvals).
Despite massive revenue growth from recent acquisitions, the company remains deeply loss-making with negative PAT and widened losses due to impairment charges. The capital restructuring through ICD conversion may help reduce debt but does not address core operational profitability concerns.