Gujarat Toolroom Limited (GTL) has announced its financial results for the second quarter, revealing a standalone net loss despite generating substantial revenue. The company's performance shows a significant shift from the same period last year, highlighting the challenges faced in the current economic environment.

Key Financial Highlights

• Revenue: GTL reported a revenue of Rs 807.83 lakh.
• Net Loss: The company posted a standalone net loss of Rs 35.08 lakh.
• Year-on-Year Comparison: This marks a stark contrast to the profit of Rs 614.89 lakh recorded in the same quarter of the previous fiscal year.

Consolidated Performance

The consolidated results of Gujarat Toolroom Limited and its subsidiary, GTL GEMS DMCC, paint a similar picture:

• Consolidated Net Loss: Rs 35.19 lakh
• Total Comprehensive Income: Rs 582.70 lakh

The substantial difference between the net loss and total comprehensive income is attributed to foreign exchange gains of Rs 617.89 lakh from the subsidiary GTL GEMS DMCC.

Segment-wise Performance

GTL's financial data reveals its operations across multiple segments:

1. Agricultural Products: This segment generated revenue of Rs 807.83 lakh, contributing the entirety of the company's revenue for the quarter.
2. Construction Material: No revenue was reported from this segment in the current quarter.
3. Rough Diamonds & Gold: Similar to the construction material segment, no revenue was generated from this sector.

Balance Sheet Overview

As of the reporting date, Gujarat Toolroom Limited's balance sheet shows:

• Total Assets: Rs 53,416.24 lakh
• Total Equity and Liabilities: Rs 53,416.24 lakh

Cash Flow and Liquidity

The company's cash and cash equivalents stood at Rs 100.66 lakh, compared to Rs 103.97 lakh in the same period last year, indicating a slight decrease in liquid assets.

Conclusion

Gujarat Toolroom Limited's quarterly results reflect the complexities of the current business environment. While the company has managed to generate significant revenue, the reported loss highlights the need for potential strategic adjustments to improve profitability. Investors and stakeholders will likely be watching closely to see how the company plans to address these challenges and return to profitability in the coming quarters.

Gujarat Toolroom Limited has reported a standalone net profit of Rs 366.31 lakh for the first quarter, according to the company's latest financial results. This marks an increase from Rs 271.78 lakh in the corresponding quarter of the previous year.

Revenue Performance

The company's revenue from operations, however, saw a significant decline. Gujarat Toolroom reported standalone revenue of Rs 1,450.68 lakh for Q1, compared to Rs 6,584.50 lakh in the same quarter last year, representing a decrease of about 78%.

Segment-wise Performance

For the quarter under review, the Agricultural Products segment was the sole revenue generator, contributing the entire Rs 1,450.68 lakh. Other segments, including Construction Material, Rough Diamonds & Gold, and Others (comprising Fabrics, Shares Trading, and Pharma), did not report any revenue for the quarter.

Consolidated Results

On a consolidated basis, the company's performance mirrored its standalone results:

All figures in Rs lakh

Earnings Per Share

The basic earnings per share (EPS) for the quarter stood at:

• Standalone: Rs 0.03
• Consolidated: Rs 0.04

Financial Position

As of the end of the quarter, Gujarat Toolroom's total assets stood at:

• Standalone: Rs 53,735.72 lakh
• Consolidated: Rs 104,643.42 lakh

The company's liabilities matched its assets for both standalone and consolidated figures.

Management Commentary

The company's board meeting to approve these results commenced at 4:00 PM and concluded around 5:00 PM on August 11. The financial results have been reviewed by the Audit Committee and approved by the Board of Directors.

Gujarat Toolroom Limited continues to navigate a challenging business environment, as evidenced by the significant revenue decline. However, the company has managed to improve its profitability compared to the same quarter last year. The Agricultural Products segment being the sole revenue contributor in Q1 highlights the company's current focus and market conditions.