Results - Announcements
GTN Textiles Ltd share price declined by 1.18% to Rs 9.19 after the company's net profit plunged by 160% to Rs 0.21 crore, while revenue from operations edged up 12.04% to Rs 8.19 crore in Q2FY27 over Q2FY26.
The market capitalization of Other Textile Products industry group stocks on BSE stood at Rs 1.89 lakh crore, expanding by 61.49%. It has marginally improved by 2.07% over last one week and ticked higher by 5.37% in last one month while the market capitalization of GTN Textiles Ltd has improved by 3.28% and 13.35% in the same period respectively.
Profit before tax (PBT) of GTN Textiles Ltd stood at Rs 0.21 crore in Q2 FY27, nosediving by 90.87% year-on-year, and tumbling by 160.00% quarter-on-quarter. EBITDA came in at Rs 0 crore, crashing by 56.25% YoY and plunging by 84.78% sequentially.
Total expenses advancing by 10.19% to Rs 8.33 crore in Q2FY27 over Q2FY26. During the quarter, employee benefits expense was at Rs 0.16 crore, easing 6.67% YoY.
For FY26, revenue from operations remained flat to Rs 10.23 crore, while net profit soared by 2292.59% to Rs 6.46 crore, compared to previous FY. EBITDA tumbled by 144% to Rs 1.13 crore, and PBT surged 202.27% to Rs 1.33 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 5.52 crore in FY26, as against Rs 0.44 crore in FY25.
GTN Textiles Ltd softened by 4.67% in last one year, significantly underperforming the benchmark BSE Sensex which has slipped by 3.03% during the same period.