GTL Limited Reports Q1 Results for FY2026; Net Profit Attributed to Exceptional One-Time Settlement
GTL Limited has announced its un-audited financial results for the quarter ended June 30, 2026. The Board of Directors approved these results, which reflect significant profit after exceptional items stemming from a one-time settlement with lenders.The company reported Total Income of 6,035.51 during the quarter, down from 5,848.61 in the corresponding quarter of March 2026 and 5,572.66 in June 2025. The operational segment for the period ended June 30, 2026, showed a loss before exceptional items and tax of (1,212.12).
However, when factoring in substantial exceptional items—related to an ongoing one-time settlement with lenders—the company recorded a profit from operations of 32,217.92 for the quarter. This figure is closely aligned with the reported profit before tax of 54,719.74 for the full financial year ended March 31, 2026.
Quarterly and Annual Financial Performance Overview
The following table details key financial metrics across the reporting periods:| Particulars | Q1 Ended June 30, 2026 (Unaudited) | Q1 Ended March 31, 2026 (Audited) | Q1 Ended June 30, 2025 (Unaudited) | FY Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 6,002.18 | 5,824.78 | 5,572.66 | 22,437.20 |
| Total Income | 6,035.51 | 5,917.35 | 5,848.61 | 22,669.99 |
| Total Expenses | 7,247.63 | 9,496.22 | 5,087.57 | 28,994.70 |
| Profit / (Loss) before exceptional items and tax | (1,212.12) | (3,578.87) | 761.04 | (6,324.71) |
| Exceptional Items | 33,430.04 | 60,948.90 | 1,129.08 | 61,044.45 |
| Profit / (Loss) from discontinued operations | N/A | N/A | 1,560.12 | 58,254.74 |
| Profit / (Loss) for the period | 32,217.92 | 60,905.03 | 1,560.12 | 58,254.74 |
One-Time Settlement Drives Exceptional Income
The exceptional items recognized for the quarter ended June 30, 2026, amounting to 33,430.04 lakhs (net), are primarily related to a one-time settlement with lenders. This figure includes an accounting impact of 31,585.04 lakhs due to the One Time Settlement and 1,845.00 lakhs recognized as one-time income from the settlement of disputed dues.Financial Position and Going Concern
The company noted that its net worth has eroded over recent years, and current liabilities exceed current assets. Management stated that the company remains in a position to revive its business and continue operations upon the completion of the ongoing settlement with lenders, which have provided in-principle approvals for the arrangement. Consequently, GTL Limited continues to prepare its financial results on a going concern basis.The company is engaged exclusively in providing "Network Services" and has no separate reportable segments. Financial statements also indicated that as at June 30, 2026, confirmations regarding Bank Loans and Balance in Escrow Account, which aggregate to Rs. 79,987.41 Lakh, have not yet been received.
GTL Stock Price Movement
Shares of GTL Limited slipped in post-market trading today, closing down 1.43% after shedding ₹0.11 per share and settling at ₹7.59. The stock saw a traded volume of 187,431 shares during the session.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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