GTL Limited Announces Financial Results for the Year Ended March 31, 2026; Auditors Issue Modified Opinion
GTL Limited announced the approval of its Audited Financial Results for the quarter and year ended March 31, 2026. The company stated that the Board of Directors approved the results during a meeting held on May 14, 2026.The Company's financial results are presented below, covering key metrics for the quarters and years ended March 31, 2026, compared to previous periods.
Financial Highlights (₹ in lakhs)
| Particulars | Quarter ended March 31, 2026 | Quarter ended December 31, 2025 | Quarter ended March 31, 2025 | Year ended March 31, 2026 | Year ended March 31, 2025 |
|---|---|---|---|---|---|
| Revenue from operations | 5,824.78 | 5,499.84 | 6,989.97 | 22,437.20 | 25,387.94 |
| Other Income (Exchange Gain Others) | NIL | 92.57 | 72.63 | 232.79 | NIL |
| Total Income | 5,917.35 | 7,062.60 | 22,669.99 | 26,022.40 | |
| Total Expenses | 162.90 | 146.00 | 619.24 | 1,497.81 | 2,584.52 |
| Profit/(Loss) before exceptional items and tax | (3,578.87) | (262.92) | 2,450.83 | (6,324.71) | 2,541.56 |
| Exceptional items | 60,948.90 | NIL | 155.26 | 61,044.45 | 155.26 |
| Profit/ (Loss) before tax | 57,370.03 | (262.92) | 2,606.09 | 54,719.74 | 2,696.82 |
| Profit/ (Loss) for the period | 60,905.03 | (262.92) | 1,121.09 | 58,254.74 | (838.18) |
The company's financial status as of March 31, 2026, shows Total Assets of 13,236.35 lakhs. Correspondingly, Total Equity and Liabilities were reported at 13,236.35 lakhs.
The company reported Total Assets at 10,525.68 lakhs as of March 31, 2025, with Total Equity and Liabilities matching the same figure.
Audit Qualifications and Modified Opinion
The company’s auditors, M/s. GDA & Associates, Chartered Accountants, issued an Audit Report featuring a modified opinion on the financial statements.
The basis for the modified opinion relates to the fact that the company had neither paid nor provided interest on borrowings from unsettled lenders during the financial year. The auditors noted that if such interest had been recognized, the finance cost and interest liability for the year ended March 31, 2026, would have been higher by ₹ 21,296.46 Lakh. Consequently, the reported profit after Other Comprehensive Income by the company for the year ended March 31, 2026, would have been ₹ 37,030.25 Lakh, and the Earnings per Share (EPS) would have been ₹ 23.49.
Financial Position Overview
The balance sheet details include the following key figures:
| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Total Non -Current Assets | 1,811.84 | 1,818.69 |
| Total Current Assets | 1,924.18 | 1,481.61 |
| Total Assets (C) | 13,236.35 | 10,525.68 |
| Total Equity (D) | (5,60,334.94) | (6,18,661.65) |
| Total Liabilities (G) | 5,57,841.61 | 6,13,457.65 |
| Total Equity and Liabilities (D+G) | 13,236.35 | 10,525.68 |
Cash Flow Summary
According to the Statement of Cash Flow, the net cash flow from operating activities for the year ended March 31, 2026, was 16,613.57 lakhs, compared to 19,812.38 lakhs in the previous year. The net cash flow from financing activities for the period was (16,104.21) lakhs.
Going Concern Status
The Company noted that its net worth was substantially eroded during the past years and that its current liabilities exceeded its current assets as of March 31, 2026. Despite these conditions indicating a material uncertainty, the financial results were prepared on a going concern basis, based on management's assessment and ongoing efforts to revive the company and continue operations.
The Company stated that it had already arrived at a One Time Settlement (OTS) with the lenders in January 2024 and settled the dues of eleven secured original enders.
GTL Stock Price Movement
GTL Limited shares today slipped by 1.18% to settle at ₹7.51. The stock traded on a volume of 121,192 shares, settling below its previous close of ₹7.65.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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