GTN Textiles publishes FY26 audited results
GTN Textiles published the extract of its audited standalone and consolidated financial results for FY26 in newspapers on May 27, 2026. The company reported a standalone net loss of ₹1,278 lacs for FY26, widened by exceptional items of ₹1,040 lacs, while consolidated net loss from continuing operations stood at ₹238 lacs.
*this image is generated using AI for illustrative purposes only.
GTN Textiles Limited's Board of Directors approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, on May 26, 2026. The company published the extract of these audited financial results in Business Line and Deepika on May 27, 2026. The statutory auditor, M/s L.U. Krishnan & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the annual audited financial results. The company reported a standalone net loss of ₹1,278 lacs for FY26, compared to a net loss of ₹44 lacs in FY25, primarily due to exceptional items and losses from discontinued operations.
Standalone Financial Performance
On a standalone basis, GTN Textiles recorded total revenue from operations of ₹1,023 lacs for FY26, compared to nil in the prior year, reflecting the company's transition into cotton yarn trading. Total expenses for the year stood at ₹1,156 lacs, resulting in a loss before exceptional items and tax of ₹133 lacs. An exceptional item of ₹1,040 lacs, representing impairment in the value of investment in an associate concern based on its closing stock exchange value on March 31, 2026, widened the standalone loss before tax to ₹1,173 lacs for the full year.
| Metric: | Q4 FY26 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|
| Revenue from Operations (₹ lacs): | 349 | 1,023 | - |
| Total Expenses (₹ lacs): | 388 | 1,156 | 44 |
| Loss before Exceptional Items & Tax (₹ lacs): | (39) | (133) | (44) |
| Exceptional Items (₹ lacs): | 1,040 | 1,040 | - |
| Net Loss after Tax – Continuing Operations (₹ lacs): | (1,184) | (1,278) | (44) |
| Net Loss after Tax – Discontinued Operations (₹ lacs): | (877) | (900) | (738) |
Consolidated Financial Performance
On a consolidated basis, which includes associate Patspin India Limited, the total revenue from operations was ₹1,023 lacs for FY26. The consolidated net loss after tax from continuing operations stood at ₹238 lacs for FY26, compared to ₹44 lacs in FY25. The total comprehensive loss on a consolidated basis was ₹1,138 lacs for FY26, against ₹743 lacs in FY25. The consolidated other equity stood at ₹(4,515) lacs as at March 31, 2026.
| Metric: | Q4 FY26 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|
| Revenue from Operations (₹ lacs): | 349 | 1,023 | - |
| Net Loss after Tax – Continuing Operations (₹ lacs): | (144) | (238) | (44) |
| Net Loss after Tax – Discontinued Operations (₹ lacs): | (877) | (900) | (738) |
| Total Comprehensive Loss (₹ lacs): | (1,021) | (1,138) | (743) |
Discontinued Operations and Land Sale
The discontinued segment recorded a loss before tax of ₹492 lacs for FY26, compared to a loss of ₹755 lacs in FY25. A significant expense in Q4 FY26 was commission and other expenses related to the sale of land amounting to ₹469 lacs. Pursuant to a Memorandum of Understanding (MOU) for the sale of 25.71 acres of landed property, the company has sold 25.08 acres and received the consideration in full. The sale consideration of about ₹2.50 Cr for the balance 0.63 acres is yet to be received.
Cotton Yarn Trading and Balance Sheet
Leveraging improved demand conditions for the Indian textiles industry, driven by government initiatives including Free Trade Agreements with the UK, EU, and New Zealand, the company has commenced trading in cotton yarn. GTN Textiles recorded revenue of ₹10.23 Cr for FY26 from trading in cotton yarn. The financials have been prepared on a going concern basis. On the standalone balance sheet, total assets stood at ₹2,270 lacs as at March 31, 2026, compared to ₹5,943 lacs in the prior year. Current borrowings declined to ₹1,654 lacs from ₹2,946 lacs, while cash and cash equivalents increased to ₹91 lacs from ₹19 lacs.
Corporate Developments
The Board approved the appointment of M/s Varma & Varma, Chartered Accountants, Kochi as Internal Auditors for FY27, effective from April 1, 2026. The company confirmed that outstanding and incremental qualified borrowings as at the end of FY26 were NIL. The company operates in a single reportable segment, the "Yarn Segment", as per Ind AS 108.
Historical Stock Returns for GTN Textiles
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -11.02% | -7.72% | +2.23% | -6.94% | +47.80% |
How will the proceeds from the pending land sale of 0.63 acres be utilized to strengthen the company's balance sheet?
What are the company's revenue and margin projections for the cotton yarn trading business in FY27 given the new government trade agreements?
Does the impairment of the investment in the associate concern signal a strategic exit, or does the company plan to hold this asset?
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