GTN Industries Ltd (500170)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, GTN Industries' revenue was ₹44.4 Cr (+15.0% year on year, +17.1% on the previous quarter), and net profit ₹-0.9 Cr (a smaller loss than a year earlier); the operating margin was 2.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹44.4 | +15.0% | +17.1% |
| Operating profit | ₹0.9 | from loss | from loss |
| Net profit | ₹-0.9 | loss narrowed | loss narrowed |
| EPS (₹) | -0.51 | loss narrowed | loss narrowed |
| Operating margin | 2.1% | — | — |
📢 Recent Corporate Announcements
GTN Industries has approved the slump sale of its Nagpur Spinning Unit to related party GTN Engineering (India) Ltd for a cash consideration of ₹72 Cr. The unit contributed ₹162 Cr in turnover as of March 31, 2026, and is being divested to curb recurring operating losses from subdued demand and cotton price volatility. Concurrently, the company approved the redemption of 10 lakh 0.01% non-cumulative redeemable preference shares worth ₹10 Cr out of free reserves. The slump sale is effective October 1, 2026, and is slated for completion in tranches by the end of December 2026.
- Slump sale of Nagpur Spinning Unit for a cash consideration of ₹72 Cr
- Nagpur unit represented ₹162 Cr in annual turnover as of March 31, 2026
- Redemption of 10,00,000 preference shares of ₹100 each totaling ₹10 Cr out of free reserves
- Transaction constitutes a Related Party Transaction with GTN Engineering (India) Ltd
- Sale executed on October 5, 2026 (w.e.f. October 1, 2026) and to be completed by end of December 2026
GTN Industries announced the voting results of its 64th Annual General Meeting held on September 28, 2026. All eight resolutions were approved by shareholders with over 99.9% majority, including ordinary adoption of accounts and director reappointments. Crucially, shareholders passed a special resolution under Section 180(1)(a) and Regulation 37A approving the sale, transfer, and disposal of a business undertaking. Additionally, material related party transactions with GTN Engineering (India) Limited and authorization for loans/investments under Section 186 were approved.
- Shareholders approved the sale/disposal of a business undertaking with 99.989% approval (25,79,626 votes for, 279 against).
- Material related party transactions with M/s. GTN Engineering (India) Limited approved with 99.991% majority.
- Authorization granted to Board for loans, guarantees, and securities under Section 186 with 99.999% votes in favor.
- A total of 108 members responded to voting representing 1,56,18,733 valid votes across general resolutions.
GTN Industries reported a significant narrowing of net losses to ₹0.89 Cr in Q1 FY27, compared to a ₹2.02 Cr loss YoY, despite a one-time ₹4.00 Cr write-off of GST Input Tax Credit. Revenue grew 15% YoY to ₹44.38 Cr. Crucially, the Board approved the slump sale of its Nagpur Unit for an estimated ₹71 Cr (₹41 Cr fixed + ~₹30 Cr current assets). This transaction value is highly material, representing approximately 165% of the company's current market capitalization of ₹43 Cr.
- Proposed sale of Nagpur Unit for ₹4,100 lakhs plus ~₹3,000 lakhs in net current assets (Total ~₹71 Cr).
- Revenue from operations increased 15% YoY to ₹44.38 Cr from ₹38.58 Cr.
- Net loss narrowed to ₹0.89 Cr from ₹4.91 Cr in the preceding March quarter.
- One-time write-off of ₹4.00 Cr GST Input Tax Credit due to inverted duty structure impacted margins.
- Finance costs remained stable at ₹1.01 Cr for the quarter.
GTN Industries has approved the slump sale of its Nagpur Unit for an estimated total consideration of Rs 71 Cr (Rs 41 Cr lumpsum plus ~Rs 30 Cr in net current assets). This transaction is highly material, representing approximately 165% of the company's current market capitalization of Rs 43 Cr. Operationally, Q1 FY27 revenue grew 15% YoY to Rs 44.38 Cr, and net losses narrowed to Rs 0.89 Cr from Rs 2.02 Cr YoY. The results include a one-time write-off of Rs 4.00 Cr in GST Input Tax Credit due to an inverted duty structure.
- Proposed sale of Nagpur Unit for a total estimated value of Rs 71 Cr (Rs 41 Cr fixed + ~Rs 30 Cr current assets)
- Q1 FY27 revenue increased to Rs 44.38 Cr, up 15% from Rs 38.58 Cr in the year-ago period
- Net loss significantly narrowed to Rs 0.89 Cr compared to a loss of Rs 2.02 Cr in Q1 FY26
- One-time write-off of Rs 4.00 Cr GST Input Tax Credit impacted the current quarter's material costs
- Sale consideration of ~Rs 71 Cr is nearly 1.6x the company's total market capitalization
GTN Industries has approved the sale of its Nagpur Unit as a going concern for a total estimated consideration of ₹71 cr (₹41 cr fixed plus ~₹30 cr in net current assets). This transaction is highly material, representing approximately 165% of the company's current market capitalization of ₹43 cr. Operationally, Q1 FY27 revenue grew 15% YoY to ₹44.38 cr, while net loss narrowed to ₹0.89 cr from ₹2.02 cr in the previous year. The results were impacted by a ₹4.00 cr write-off of GST Input Tax Credit due to an inverted duty structure.
- Proposed sale of Nagpur Unit for ₹41.00 cr fixed consideration plus ~₹30.00 cr in net current assets.
- Total transaction value of ~₹71 cr significantly exceeds the current market cap of ₹43 cr.
- Q1 FY27 revenue increased 15% YoY to ₹44.38 cr compared to ₹38.58 cr in Q1 FY26.
- Net loss narrowed to ₹0.89 cr for the quarter, despite a ₹4.00 cr one-time GST ITC write-off.
- Slump sale completion is targeted for September 30, 2026, subject to shareholder approval.
GTN Industries has scheduled a board meeting on August 12, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company is currently under financial pressure, reporting a TTM net loss of Rs 11 crore and a negative operating margin of -4.2%. Investors will be monitoring if the company can reverse the trend from the March 2026 quarter, which saw a significant net loss of Rs 4.91 crore. The trading window for designated persons has been closed since July 1, 2026.
- Board meeting scheduled for August 12, 2026, to approve Q1 FY27 results.
- Trading window closed from July 1, 2026, until 48 hours after the results are declared.
- Company reported a TTM net loss of Rs 11 crore as of the latest available data.
- Operating profit margin stood at -13.1% in the most recent March 2026 quarter.
- Promoter holding remains high at 74.33% as of June 2026.
GTN Industries has approved the allotment of 24.60 lakh equity shares at Rs 24 per share to seven non-promoter investors, raising Rs 5.90 crore. The entire proceeds are being utilized to redeem 5.90 lakh 0.01% Non-Cumulative Redeemable Preference Shares (NCRPS) of Rs 100 each. This transaction effectively converts preference capital into equity, resulting in an equity dilution of approximately 13.4% relative to the current market capitalization. The company remains loss-making with a TTM PAT of Rs -11 crore.
- Allotment of 24,59,622 equity shares at an issue price of Rs 24 per share
- Total fundraise of Rs 5.90 crore (Rs 5,90,30,928) from non-promoter category
- Redemption of 5,90,000 preference shares of Rs 100 each, totaling Rs 5.90 crore
- Equity dilution of approximately 13.4% based on the current market cap of Rs 44 crore
- Redemption completed for shares held by JEL Finance & Investments, Modesty Finance, and GTN Engineering
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