GTN Textiles Ltd — Results, 30-05-2025: Result

GTN Textiles has announced a board meeting to approve the financial results for the quarter and half-year. The company reported a consolidated net comprehensive loss of Rs 7.43 Cr for the year with continuing operations showing a Rs 0.44 Cr loss and discontinued operations a loss of Rs 7.55 Cr. The net worth remains eroded due to discontinued cotton yarn manufacturing operations since FY 2022-23, but part of the company's land has been sold for Rs 87.14 Cr (sale proceeds and advances), of which Rs 76.30 Cr has been used mainly to repay bank dues and unsecured loans. Post asset sales, the company plans to pursue outsourcing or trading in cotton yarn or other businesses as per its objectives. M/s Varma & Varma, Chartered Accountants, have been appointed as internal auditors for FY 2025-26. The statutory auditor issued an unmodified opinion on the standalone and consolidated results. The company’s outlook is cautiously optimistic supported by improving textile demand and government initiatives.