Financial Results (Standalone and Consolidated) for the quarter financial year ended March 31, 2025.
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GTT Data Solutions (formerly Cinerad Communications) reported audited results for the quarter and full year ended March 31, 2025. Standalone FY25 revenue from operations rose sharply to ₹437.98 lakhs (vs. ₹6.09 lakhs restated FY24), but the company swung to a much wider standalone loss of ₹868.22 lakhs (vs. ₹24.45 lakhs loss in FY24). On a consolidated basis, FY25 revenue grew to ₹1,612.84 lakhs (vs. ₹1,387.82 lakhs), while consolidated loss for the year deepened to ₹1,377.86 lakhs from ₹706.11 lakhs. The auditor (Mehta and Mehta) issued an unmodified opinion but flagged multiple Emphasis of Matter items, including pending share acquisitions of CRG Solutions (₹586.13 lakhs paid) and Alpharithm Technologies (₹251.55 lakhs paid) where effective control had not been established as of the balance sheet date, plus ₹531 lakhs in advances for IP rights purchases. Prior year figures (FY22-FY24) were restated in connection with the rights issue. Operating cash flow was deeply negative (standalone: -₹1,390 lakhs; consolidated: -₹1,175 lakhs). The company also received ₹1,188 lakhs in rights issue advance call money and appointed a new secretarial auditor.
Negative for shareholders — losses widened sharply on both standalone and consolidated bases, operating cash burn is heavy, and the auditor highlighted control-related uncertainties around recent acquisitions and weak internal financial controls. Despite revenue growth, profitability deterioration, restated historicals, and unsettled acquisition control raise caution; near-term stock sentiment likely to remain subdued.