Signed disclosure of financial results for quarter and financial year ended March 31, 2025.
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GTT Data Solutions Ltd (formerly Cinerad Communications) reported audited FY25 results with a standalone loss of Rs 868.22 Lakhs versus a loss of Rs 24.45 Lakhs in FY24 — losses widened sharply. Standalone revenue from operations jumped to around Rs 437.98 Lakhs in FY25 from near-zero in FY24, driven by acquisitions and new business lines, but expenses of Rs 1,307 Lakhs (including Rs 113.69 Lakhs depreciation and Rs 127.48 Lakhs finance cost) far outpaced revenue. On a consolidated basis, the loss was Rs 1,377.86 Lakhs (vs Rs 706.11 Lakhs in FY24) with total income of Rs 1,652.56 Lakhs. The auditor issued an unmodified (clean) opinion but flagged several Emphasis of Matter notes covering pending share transfers in CRG Solutions and Alpharithm Technologies acquisitions, IP-related advances of Rs 531 Lakhs, and internal financial controls still being formalized.
For shareholders, this is a deeply negative print — losses roughly doubled on a consolidated basis despite revenue growth, and operating cash flow was negative at Rs -1,174.50 Lakhs (consolidated). The clean audit opinion is a positive, but the multiple Emphasis of Matter items, large acquisition-related advances, and absence of deferred tax asset recognition suggest execution and profitability risks remain high.