Dear Sir/Ma'am, Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with reference to captioned subject, we wish to inform ....
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Gujarat Credit Corporation Limited reported audited financial results for the quarter and year ended March 31, 2026. The company achieved a turnaround from loss to profit, with standalone PAT of Rs. 1.57 Lacs compared to a loss of Rs. 27.15 Lacs in the previous year. Consolidated group net profit stood at Rs. 2.24 Lacs versus a loss of Rs. 87.16 Lacs last year. Total income (other income) grew to Rs. 30.02 Lacs from Rs. 17.02 Lacs. The auditor issued an unmodified opinion with no qualifications. The company has an associate GCCL Infrastructure and Projects Limited. Borrowings increased significantly to Rs. 1,867.17 Lacs from Rs. 1,243.72 Lacs. The company has minimal cash reserves of Rs. 0.27 Lacs and negative operating cash flow of Rs. 500.24 Lacs for the year.
The company returned to profitability after consecutive losses, which is positive. However, the significant negative operating cash flow and minimal cash reserves despite higher borrowings raise concerns about financial stability and liquidity.