Gujarat Toolroom Limited published its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in the Financial Express on May 30, 2026. The disclosure, submitted in accordance with Regulation 30 and 47 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, confirms a consolidated net profit of ₹772.36 lakh for the group, contrasting sharply with a standalone net loss of ₹558.83 lakh for the same period. The company's board had previously approved these financial statements in a meeting held on May 29, 2026.

The standalone financial performance for FY26 reflects a sharp decline in revenue from operations, which fell to ₹2,258.51 lakh from ₹31,379.09 lakh in the previous year. This contraction resulted in a net loss of ₹558.83 lakh compared to a profit of ₹1,161.47 lakh in FY25. For the quarter ended March 31, 2026, the standalone net loss was reported at ₹844.71 lakh. Basic earnings per share (EPS) on a standalone basis stood at (₹1.02) for the year.

In contrast, the consolidated performance, which includes subsidiary GTL GEMS DMCC, remained profitable. The group reported a consolidated net profit of ₹772.36 lakh, a decrease from ₹5,448.39 lakh in the prior year. Total revenue from operations on a consolidated basis was ₹3,590.19 lakh for the year. The consolidated basic EPS for FY26 was ₹0.70, with the subsidiary contributing significantly through a net profit of ₹1,332.03 lakh for the quarter and ₹1,331.19 lakh for the year.

Financial Highlights

The table below summarizes the key financial metrics for the standalone entity for the financial year ended March 31, 2026:

Auditor Observations

M/s. R B Gohil & Co., Chartered Accountants, issued an unmodified opinion on the financial results but flagged material compliance lapses. The auditors noted that the company's GST registration was cancelled suo moto by the GST department effective from the date of registration. This cancellation has led to a discrepancy in GST liability between the GST portal and the books of accounts, as well as a mismatch between the GST turnover reported in returns and the turnover reported in the financial statements. Additionally, the auditors observed that Tax Deducted at Source (TDS) was not deducted and paid under sections 192, 194C, 194I, 194Q, and Tax Collected at Source (TCS) under section 206CQ for the financial year 2025-26.

gujarat toolroom has scheduled a meeting of its Board of Directors for Friday, May 29, 2026. The meeting will be convened at the company's registered office in Ahmedabad to discuss key agenda items pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The primary agenda for the upcoming board meeting is to consider and approve the audited financial results. This includes both standalone and consolidated figures for the quarter and financial year ended March 31, 2026. The approval will also encompass the audit report related to these financial statements.

Meeting Details

The intimation regarding the board meeting was addressed to the Department of Corporate Services at the Bombay Stock Exchange Ltd. The disclosure provided the specific reference details for the company's securities.

Agenda Items

The board has outlined specific matters to be transacted during the session. The focus remains on the formal approval of the company's financial performance for the specified period. Additionally, the board reserves the right to discuss any other matter with the permission of the chair.

The communication was digitally signed by Managing Director Arunkumar Udaybhai Dave on behalf of Gujarat Toolroom Limited.