Gujarat cotex Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, revealing a mixed performance with sequential decline but year-over-year improvements in key metrics. The company's board meeting was held on February 9, 2026, to approve these results.

Financial Performance Overview

The company's quarterly performance showed significant variation across different periods. Revenue from operations for Q3FY26 reached ₹762.55 lakhs, marking a substantial decrease from the previous quarter's ₹1,735.95 lakhs. However, when compared to the corresponding quarter in the previous year, the company showed growth from ₹697.03 lakhs.

Nine-Month Performance

For the nine-month period ended December 31, 2025, Gujarat Cotex demonstrated strong year-over-year growth. Total revenue increased to ₹3,006.27 lakhs from ₹1,930.24 lakhs in the corresponding period of the previous year. Net profit for the nine-month period reached ₹82.60 lakhs, significantly higher than ₹45.96 lakhs achieved in the same period last year.

Segment-wise Revenue Analysis

The company operates across three business segments, showing varied performance during the quarter:

• Fabrics Segment: Generated revenue of ₹462.39 lakhs in Q3FY26, compared to ₹513.31 lakhs in the previous quarter and ₹697.03 lakhs in Q3FY25
• Agriculture Items: Contributed ₹300.16 lakhs in Q3FY26, down from ₹1,222.64 lakhs in Q2FY26. This segment was not operational in the corresponding quarter last year
• Industrial Plots: No revenue recorded in Q3FY26, though the nine-month period shows ₹51.00 lakhs from this segment

Operational Metrics and Costs

The company's cost structure remained focused on trading activities. Purchase of stock in trade constituted the major expense component at ₹758.60 lakhs for Q3FY26. Other significant expenses included employee benefit expenses of ₹2.97 lakhs, finance costs of ₹0.99 lakhs, and other expenditure of ₹16.54 lakhs.

Key Financial Highlights

The company maintained its paid-up equity share capital at ₹712.20 lakhs with a face value of ₹5 per share. Total comprehensive income for the quarter stood at ₹5.48 lakhs, matching the net profit as there were no other comprehensive income items. The results were reviewed by the audit committee and approved by the board of directors, with statutory auditors completing their limited review without any modifications.

Gujarat Cotex Limited has announced that its Board of Directors approved the Draft Letter of Offer for a proposed rights issue of equity shares during a meeting held on December 19, 2025.

Board Meeting Details

The board meeting took place at the company's registered office located at Shop No. 3, Shanti Complex, Opp. Patel Petrol Pump, Amli, Silvassa, Dadra Nagar Haveli, India-396230. The meeting was conducted under the leadership of Managing Director Mr. Shaileshkumar Jayantkumar Parekh (DIN: 01246270).

Key Decision

The primary agenda item addressed during the meeting was the consideration and approval of the Draft Letter of Offer for the proposed rights issue of equity shares. This approval marks an important step in the company's capital raising process, as the Draft Letter of Offer is a crucial document that outlines the terms and conditions of the rights issue for existing shareholders.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Gujarat Cotex Limited is listed on the BSE.

Corporate Structure

Gujarat Cotex Limited operates from multiple locations, with its corporate office situated at 2007, Shankar Plaza, Nanpura, Timaliyawad, Surat-395001, Gujarat. The company's CIN is L46695DN1996PLC000116, indicating its incorporation in 1996 as a public limited company in the Dadra and Nagar Haveli region.