GTN Textiles Limited held its Board of Directors meeting on 10th August 2026 which commenced at 1:21 PM and concluded at 4:19 PM. The Board approved the unaudited financial results (standalone and consolidated) for the quarter ended 30th June 2026 pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Results Highlights (Standalone)
- Revenue from operations: ₹349 lakhs for Q1 FY27 (₹129 lakhs in Q1 FY26)
- Other Income: ₹67 lakhs for Q1 FY27 (Nil in Q1 FY26)
- Total Revenue: ₹798 lakhs for Q1 FY27 (₹129 lakhs in Q1 FY26)
- Purchase of Stock in Trade: ₹732 lakhs for Q1 FY27 (₹125 lakhs in Q1 FY26)
- Employee benefits expense: ₹15 lakhs for Q1 FY27 (₹9 lakhs in Q1 FY26)
- Finance Cost: ₹7 lakhs for Q1 FY27 (Nil in Q1 FY26)
- Profit before tax: ₹35 lakhs for Q1 FY27 (Loss of ₹13 lakhs in Q1 FY26)
- Net Profit after tax from continuing operations: ₹35 lakhs for Q1 FY27 (Loss of ₹13 lakhs in Q1 FY26)
- Basic and Diluted EPS from continuing operations: ₹0.30 for Q1 FY27 (Loss of ₹0.11 in Q1 FY26)
- Paid-up equity share capital: ₹1,164 lakhs (face value of ₹10 each)
Discontinued Operations (Standalone)
- Cotton yarn manufacturing operations were discontinued during Q2 FY23
- Net Loss after tax from discontinued operations: Nil for Q1 FY27 (Profit of ₹168 lakhs in Q1 FY26)
Financial Results Highlights (Consolidated)
- Revenue from operations: ₹349 lakhs for Q1 FY27 (₹129 lakhs in Q1 FY26)
- Other Income: ₹67 lakhs for Q1 FY27 (Nil in Q1 FY26)
- Net Profit after tax from continuing operations: ₹35 lakhs for Q1 FY27 (Loss of ₹13 lakhs in Q1 FY26)
- Basic and Diluted EPS from continuing operations: ₹0.30 for Q1 FY27 (Loss of ₹0.11 in Q1 FY26)
Exceptional Items
For year ended 31st March 2026, exceptional item of ₹1,040 lakhs represented impairment in value of investment made in an associate concern based on its closing stock exchange value.
Business Update
With improved demand situation for Indian textiles industry due to various government initiatives including Free Trade Agreements (FTA) with UK, EU, New Zealand, the company has commenced trading in cotton yarn. The company recorded revenue of ₹731 lakhs from trading in cotton yarn for Q1 FY27 and plans to increase this further in ensuing periods.
Land Sale Update
Pursuant to MOU with a corporate buyer for sale of 25.71 acres of landed property, the company has sold 25.08 acres and received full consideration. For the balance 0.63 acres (book value ₹2.05 crore), sale consideration of approximately ₹2.50 crore is yet to be received. Upon receipt, sale deed will be executed and accounted for.
AGM and Corporate Actions
- 21st Annual General Meeting will be held on Monday, 28th September 2026 at 11:30 AM IST through Video Conferencing/Other Audio Visual Means
- Cut-off date for e-voting eligibility: Monday, 21st September 2026
- Appointment of Central Depository Services Limited (CDSL) as e-voting service provider
- Book closure: Wednesday, 23rd September 2026 to Monday, 28th September 2026 (both days inclusive)
- Appointment of Shri M R L Narasimbha (Practising Company Secretary, FCS Membership No. 2851, CP No 799) as Scrutinizer, with Shri Abhilash N A (Practicing Company Secretary, FCS Membership No. 10876, CP No. 14524) as alternate
Auditor's Review Report
Statutory Auditors M/s L.U Krishnan & Co., Chartered Accountants, Chennai issued limited review report with emphasis of matter regarding going concern. The net worth of the company continues to remain eroded, indicating material uncertainty that may cast significant doubt on the company's ability to continue as a going concern. However, based on post-sale of assets, debt-free status, available surplus funds and rising trading revenues, financials have been prepared on going concern basis.
The consolidated results include the company's 46.21% stake in associate Patspin India Limited.