Financial results
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GTT Data Solutions reported Q1 FY26 (June 30, 2025) consolidated revenue of Rs. 2,543.53 lakhs, up sharply from Rs. 304.94 lakhs in Q1 FY25, driven largely by the consolidation of newly acquired subsidiaries CRG Solutions (67.30%) and Alpharithm Technologies (100%), both effective April 1, 2025. Despite the revenue jump, the company posted a consolidated net loss of Rs. 411.13 lakhs (vs Rs. 121.64 lakhs loss in Q1 FY25) on total expenses of Rs. 2,950.04 lakhs. Standalone results remain very small with revenue of just Rs. 47.56 lakhs and a net loss of Rs. 411.11 lakhs. The Board also approved a Rights Issue of up to Rs. 50 Crores, an Employee Stock Option Scheme 2025, and the merger of three wholly-owned subsidiaries into the parent. Additionally, the company signed a binding term sheet to acquire Singapore-based Alpharithm Technologies Pte (which recently acquired AntWorks), set to add UK, US and India step-down subsidiaries.
The headline revenue surge is acquisition-led rather than organic, and losses have widened materially, so shareholders should weigh growth against persistent unprofitability. The Rs. 50 Crore Rights Issue signals capital raising but may dilute existing shareholders, while the Singapore acquisition and subsidiary merger point to a strategic pivot toward building an AI/IT services platform.