GTN Industries Reports Rs 202 Lakh Loss in Q1 Amid Revenue Decline
GTN Industries Limited, a textile products manufacturer, reported a net loss of Rs 202.00 lakhs for the first quarter, compared to a profit of Rs 45.00 lakhs in the same quarter last year. Revenue from operations decreased by 17% to Rs 3,858.00 lakhs. Total income stood at Rs 3,925.00 lakhs, while total expenses were Rs 4,134.00 lakhs. The company's EPS turned negative at Rs 1.15 per share, down from Rs 0.26 in the previous year's quarter.
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GTN Industries Limited , a textile products manufacturer, has reported a net loss of Rs 202.00 lakhs for the first quarter, marking a significant downturn from the Rs 45.00 lakh profit recorded in the same quarter of the previous year.
Revenue and Financial Performance
The company's revenue from operations saw a substantial decline, dropping to Rs 3,858.00 lakhs from Rs 4,651.00 lakhs in the corresponding quarter last year, representing a decrease of about 17%. The total income, including other income, stood at Rs 3,925.00 lakhs for the quarter.
Earnings and Expenses
GTN Industries' earnings per share (EPS) turned negative, standing at Rs 1.15 per share, compared to a positive EPS of Rs 0.26 in the same quarter of the previous year. The company's total expenses for the quarter amounted to Rs 4,134.00 lakhs, exceeding its total income and contributing to the reported loss.
Key Financial Metrics
| Particulars (in Rs. Lakhs) | Current Quarter | Previous Year Quarter | Change (%) |
|---|---|---|---|
| Revenue from Operations | 3,858.00 | 4,651.00 | -17.0% |
| Total Income | 3,925.00 | 4,757.00 | -17.5% |
| Net Profit/(Loss) | (202.00) | 45.00 | -548.9% |
| EPS (in Rs.) | (1.15) | 0.26 | -542.3% |
Segment Performance and Capital Structure
GTN Industries operates primarily in the textile products business. The company maintains an equity share capital of Rs 1,755.00 lakhs, with shares having a face value of Rs 10 each.
Conclusion
The quarterly results indicate a challenging period for GTN Industries Limited, with a notable decline in revenue and a shift to net loss. Investors and stakeholders will likely be watching closely to see how the company addresses these challenges in the coming quarters.
Historical Stock Returns for GTN Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.19% | +3.12% | +6.19% | -6.49% | -30.94% | +238.83% |
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