Un-audited financial results for the Qtr ended 30, Sep 2025
Awaiting price reaction for this filing.
Gangotri Textiles reported zero revenue from operations for Q2 FY26 (ended Sep 30, 2025) as well as for the entire half-year, continuing its non-operational status. The company posted a loss of Rs 1.98 lakh for the quarter and Rs 4.36 lakh for the half-year, marginally better than the Rs 5.28 lakh loss in the comparable prior period. The balance sheet shows a deeply negative net worth of around Rs 236.81 crore against total assets of just Rs 15.20 crore, with borrowings of Rs 240.47 crore still sitting in current liabilities. The company disclosed that all its assets were taken over and sold by lenders years ago, interest has not been provided since September 2015, and the Supreme Court has dismissed its appeal on an income tax penalty now pegged at Rs 6.51 crore which the company has chosen not to record in its books. Cash on hand is a mere Rs 50,765, and operating cash flow remains negative.
The company is effectively non-operational with a deeply insolvent balance sheet, making this closer to a shell entity than a going business — equity shareholders face near-total loss of value. The stock is highly speculative and risky, with any price movement likely driven by off-balance-sheet developments or resolution activity rather than fundamentals.