Gujarat Cotex Limited reported a 40.7% rise in revenue from operations to ₹3,844.16 lakh for the financial year ended March 31, 2026, while annual net profit declined to ₹10.22 lakh. The company posted a net loss of ₹72.39 lakh for the quarter ended March 31, 2026, impacted by significant write-offs and tax adjustments. The statutory auditors issued an unmodified opinion on the standalone financial results.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. The audit was conducted by M/s. Pawan Siddharth & Co., Chartered Accountants, who confirmed the results were prepared in accordance with Indian Accounting Standards (Ind AS). The report highlighted that the figures for the quarter ended March 31, 2026, were derived as balancing figures between the audited annual results and the published year-to-date figures up to the third quarter.

For the full year, total revenue increased to ₹3,870.03 lakh from ₹2,730.72 lakh in the previous year. Total expenditure rose to ₹3,852.14 lakh from ₹2,700.78 lakh. Profit before tax for the year stood at ₹17.89 lakh, a decrease from ₹29.94 lakh in FY25. The company operates across three segments: trading of fabrics, trading of agriculture items, and sale of industrial plots.

The financial results for the fourth quarter revealed a net loss of ₹72.39 lakh, contrasting with a profit of ₹5.48 lakh in the same period last year. This decline was driven by a write-off of bad debts amounting to ₹79.64 lakh and a tax expense of ₹6.28 lakh. The tax expense included a shortfall of ₹1,39,184 from the previous financial year's provision. Additionally, the company transferred ₹24.72 lakh from preliminary expenses to retained earnings during the quarter.

Standalone Financial Results (Year Ended March 31, 2026)

Quarterly Performance Comparison

The company's total assets stood at ₹1,832.22 lakh as of March 31, 2026, down from ₹3,107.90 lakh a year earlier. Equity and liabilities totaled ₹1,832.22 lakh, with equity share capital remaining constant at ₹712.20 lakh. The cash flow statement showed a net decrease in cash and cash equivalents of ₹21.65 lakh during the year, bringing the closing balance to ₹18.52 lakh.

Gujarat Cotex Limited has announced that its board of directors will meet on Friday, May 29, 2026, to consider and approve the audited financial results for the quarter and financial year ending March 31, 2026. The meeting is scheduled to take place at the company's registered office.

Agenda for the Meeting

The primary agenda for the upcoming board meeting is the consideration and approval of the audited financial results. This includes the results for the last quarter of the financial year as well as the consolidated results for the entire financial year ended March 31, 2026.

Regulatory Compliance

The intimation regarding the board meeting was sent to BSE Limited in compliance with Clause 29 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company's scrip code on the BSE is 514386, and the trading symbol is GUJCOTEX.