GTN Industries Limited has reported its unaudited financial results for the quarter ended June 30, 2026. The company incurred a net loss of ₹89 lacs for the quarter, compared to a loss of ₹491 lacs in the same period last year. In a significant strategic move, the Board of Directors also approved the slump sale of its Nagpur Unit for approximately ₹4,100 lakhs, plus net current assets.
GTN Industries Reports Q1 FY27 Unaudited Financial Results
GTN Industries Limited announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a total income of ₹4,448 lacs for the quarter, with total expenses amounting to ₹4,543 lacs. This resulted in a Profit/(Loss) after tax of ₹(89) lacs for the quarter.
Key Financial Highlights (Quarter Ended June 30, 2026)
- Revenue from Operations: ₹4,438 lacs
- Other Income: ₹10 lacs
- Total Income: ₹4,448 lacs
- Total Expenses: ₹4,543 lacs
- Profit/(Loss) after tax: ₹(89) lacs
- Total Comprehensive Income: ₹(94) lacs
- Earnings per equity share (Basic & Diluted): ₹(0.51)
Strategic Business Update: Nagpur Unit Sale Approved
In a significant development, the Board of Directors of GTN Industries Limited, at its meeting held on August 12, 2026, approved the execution of a Memorandum of Understanding (MOU) for the proposed sale of the Company’s Nagpur Unit. The sale will be conducted on a slump sale basis, as a going concern, for a lumpsum consideration of approximately ₹4,100 lakhs, plus net current assets valued at approximately ₹3,000 lakhs. The exact consideration will be determined based on the net current assets as at September 30, 2026, the proposed date of transfer. This decision is subject to shareholders’ approval and other customary conditions.
Notes on Financials
- The financial results have been reviewed by the Audit Committee and approved by the Board of Directors.
- The Company’s sole business segment is Textile Products.
- The figures for the quarter ended March 31, 2026 are balancing figures between audited figures for the full previous financial year and unaudited year-to-date figures.
- Other Income for the quarter ended June 30, 2026 includes Nil profit/(loss) on Fair Valuation of Investment in Equity and Equity Oriented Mutual Funds.
- An amount of ₹400 lakhs has been written off during the quarter as GST Input Tax Credit (ITC), due to uncertainty in utilization. This has been included in Cost of Materials consumed.
Source: BSE
