Income Statement GTN Industries Limited

Stocks

GTNIND

INE537A01013

Textiles & Leather Goods

Market Closed - Bombay S.E. 11:02:26 05/10/2026 BST			5-day change	1st Jan Change
24.20 ^INR	+5.49%		+1.68%	+16.74%

08-12	GTN Industries Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI
06-04	GTN Industries Limited announced that it expects to receive INR 59.030928 million in funding	CI

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Published financial data: GTN INDUSTRIES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Revenues	4.81B	3.14B	1.85B	1.72B	1.61B
Total Revenues	4.81B	3.14B	1.85B	1.72B	1.61B
Cost of Goods Sold, Total	2.88B	2.29B	1.37B	1.22B	1.16B
Gross Profit	1.93B	852M	480M	501M	449M
Selling General & Admin Expenses, Total	366M	159M	153M	161M	181M
Depreciation & Amortization - (IS)	58.75M	35.71M	37.04M	37.84M	40.73M
Other Operating Expenses	719M	383M	339M	321M	335M
Other Operating Expenses, Total	1.14B	578M	528M	520M	557M
Operating Income	783M	274M	-47.93M	-18.98M	-107M
Interest Expense, Total	-90.25M	-59.52M	-34.01M	-37.46M	-34.47M
Interest And Investment Income	4.89M	18.03M	8.94M	3.83M	8.16M
Net Interest Expenses	-85.36M	-41.49M	-25.07M	-33.63M	-26.3M
Currency Exchange Gains (Loss)	3.71M	-641K	3.46M	-549K	-826K
Other Non Operating Income (Expenses)	-17.36M	-15.11M	-7.8M	-4.89M	-3.05M
EBT, Excl. Unusual Items	684M	217M	-77.34M	-58.05M	-138M
Gain (Loss) On Sale Of Investments	-	-	-	3.47M	5.47M
Gain (Loss) On Sale Of Assets	-87K	1.21M	-1.64M	-115K	3.31M
Insurance Settlements	1.28M	495K	577K	164K	180K
Other Unusual Items	-184M	-	-	-	-11.79M
EBT, Incl. Unusual Items	502M	219M	-78.41M	-54.53M	-140M
Income Tax Expense	155M	63.18M	-15.18M	-8.09M	-33.24M
Earnings From Continuing Operations	347M	156M	-63.22M	-46.44M	-107M
Net Income to Company	347M	156M	-63.22M	-46.44M	-107M
Net Income - (IS)	347M	156M	-63.22M	-46.44M	-107M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	347M	156M	-63.22M	-46.44M	-107M
Net Income to Common Excl. Extra Items	347M	156M	-63.22M	-46.44M	-107M
Per Share Items
Net EPS - Basic	19.76	8.87	-3.6	-2.65	-6.11
Basic EPS - Continuing Operations	19.76	8.87	-3.6	-2.65	-6.11
Basic Weighted Average Shares Outstanding	17.54M	17.54M	17.54M	17.54M	17.54M
Net EPS - Diluted	19.76	8.87	-3.6	-2.65	-6.11
Diluted EPS - Continuing Operations	19.76	8.87	-3.6	-2.65	-6.11
Diluted Weighted Average Shares Outstanding	17.54M	17.54M	17.54M	17.54M	17.54M
Normalized Basic EPS	24.38	7.73	-2.76	-2.07	-4.9
Normalized Diluted EPS	24.38	7.73	-2.76	-2.07	-4.9
Supplemental Items
EBITDA	842M	310M	-10.89M	18.86M	-66.69M
EBITA	783M	274M	-47.93M	-18.98M	-107M
EBIT	783M	274M	-47.93M	-18.98M	-107M
EBITDAR	862M	313M	-10.24M	19.54M	-65.97M
Total Revenues (As Reported)	4.82B	3.16B	1.87B	1.73B	1.62B
Effective Tax Rate - (Ratio)	30.93	28.88	19.36	14.84	23.67
Total Current Taxes	-	101M	-	-	-
Total Deferred Taxes	160M	-38.12M	-19.66M	-8.21M	-33.24M
Normalized Net Income	428M	136M	-48.34M	-36.28M	-86M
Interest Capitalized	-	-	-	-	-
Non-Cash Pension Expense	712K	123K	186K	-21K	11.43M
Supplemental Operating Expense Items
Advertising Expense	4.45M	539K	132K	99K	-
Selling and Marketing Expenses	4.45M	539K	132K	99K	-
Net Rental Expense, Total	20.39M	2.55M	648K	683K	722K
Imputed Operating Lease Interest Expense	11.3M	2.02M	490K	514K	515K
Imputed Operating Lease Depreciation	9.1M	531K	158K	169K	207K
Maintenance & Repair Expenses, Total	37.09M	23.55M	21.69M	21.02M	18.5M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	32.26M	29.32M	113M	25.59M	37.74M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	-	-	-	103M	-
Total Cash And Short Term Investments	32.26M	29.32M	113M	129M	37.74M
Accounts Receivable, Total	464M	286M	133M	133M	112M
Other Receivables	263M	103M	56.76M	27.42M	14.52M
Total Receivables	727M	388M	190M	161M	126M
Inventory	1.13B	440M	396M	370M	422M
Prepaid Expenses	13.86M	6.68M	6.38M	6.35M	5.62M
Other Current Assets, Total	645M	30.02M	148M	101M	105M
Total Current Assets	2.54B	894M	854M	768M	696M
Gross Property Plant And Equipment	1.47B	1.44B	1.44B	1.47B	1.47B
Accumulated Depreciation	-901M	-883M	-904M	-939M	-977M
Net Property Plant And Equipment	568M	561M	540M	535M	496M
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	239K	0	-	-	-
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	69.54M	93.95M	69.82M	63.12M	59.55M
Total Assets	3.18B	1.55B	1.46B	1.37B	1.25B
Liabilities
Accounts Payable, Total	438M	115M	86.91M	64.27M	73.32M
Accrued Expenses, Total	39.15M	13.3M	9.89M	5.93M	9.7M
Short-term Borrowings	348M	119M	217M	180M	147M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	543M	-	-	-	-
Other Current Liabilities	334M	49.1M	4.99M	2.6M	6.82M
Total Current Liabilities	1.7B	297M	319M	253M	236M
Long-Term Debt	541M	194M	189M	211M	235M
Pension & Other Post Retirement Benefits	554K	1.92M	-	-	18.76M
Deferred Tax Liability Non Current	133M	95.09M	75.77M	67.58M	34.25M
Total Liabilities	2.38B	588M	583M	531M	525M
Preferred Stock Redeemable	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	175M	175M	175M	175M	175M
Additional Paid In Capital	111M	111M	111M	111M	111M
Retained Earnings	458M	614M	488M	441M	334M
Comprehensive Income and Other	60.04M	60.12M	106M	106M	106M
Total Common Equity	805M	961M	880M	834M	727M
Total Equity	805M	961M	880M	834M	727M
Total Liabilities And Equity	3.18B	1.55B	1.46B	1.37B	1.25B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	17.54M	17.54M	17.54M	17.54M	17.54M
ECS Total Common Shares Outstanding	17.54M	17.54M	17.54M	17.54M	17.54M
Book Value / Share	45.89	54.77	50.19	47.55	41.43
Tangible Book Value	805M	961M	880M	834M	727M
Tangible Book Value Per Share	45.88	54.77	50.19	47.55	41.43
Total Debt	889M	314M	406M	391M	382M
Net Debt	857M	284M	293M	262M	344M
Debt Equivalent of Unfunded Proj. Benefit Obligation	3.48M	3.17M	290K	206K	22.39M
Debt Equivalent Oper. Leases	163M	20.38M	5.18M	5.46M	5.78M
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Raw Materials, Total	730M	222M	260M	267M	343M
Inventories - Work In Process, Total	-	41.23M	39.3M	18.96M	11.7M
Inventories - Finished Goods, Total	386M	166M	90.85M	73.73M	55.98M
Inventories - Others	10.66M	10.98M	6M	10.22M	10.34M
Land - (BS)	103M	66.94M	66.94M	66.94M	66.94M
Buildings, Total	346M	316M	319M	321M	321M
Machinery, Total	992M	1.01B	1.06B	1.07B	1.08B
Full Time Employees	496	335	310	310	-
Accumulated Allowance for Doubtful Accounts (Supple)	6.99M	9.05M	11.57M	11.57M	6.99M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	347M	156M	-63.22M	-46.44M	-107M
Depreciation & Amortization - CF	58.73M	35.69M	37.04M	37.84M	40.73M
Amortization of Goodwill and Intangible Assets - (CF)	21K	23K	-	-	-
Depreciation & Amortization, Total	58.75M	35.71M	37.04M	37.84M	40.73M
(Gain) Loss From Sale Of Asset	109M	-1.21M	1.64M	115K	-3.31M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-3.47M	-5.47M
Provision and Write-off of Bad Debts	699K	2.06M	2.52M	-	-
Other Operating Activities, Total	106M	80.56M	40.58M	41.23M	3.16M
Change In Accounts Receivable	-190M	177M	150M	6K	21.68M
Change In Inventories	-533M	687M	43.53M	26.12M	-51.27M
Change In Accounts Payable	130M	-323M	-28.14M	-22.64M	9.1M
Change in Other Net Operating Assets	146M	-619M	-113M	21.62M	37.01M
Cash from Operations	174M	194M	70.39M	54.38M	-55.56M
Capital Expenditure	-36.93M	-82.86M	-17.32M	-32.58M	-2.43M
Sale of Property, Plant, and Equipment	615M	555M	-	170K	4.14M
Investment in Marketable and Equity Securities, Total	-	-	-	-100M	109M
Other Investing Activities, Total	-	-	-	48.32M	4.27M
Cash from Investing	578M	473M	-17.32M	-84.1M	115M
Short Term Debt Issued, Total	-	-	97.67M	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	97.67M	-	-
Short Term Debt Repaid, Total	-486M	-229M	-	-36.93M	-33.5M
Long-Term Debt Repaid, Total	-171M	-347M	-5.4M	-	-
Total Debt Repaid	-657M	-575M	-5.4M	-36.93M	-33.5M
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-18.08M	-	-
Other Financing Activities, Total	-121M	-93.76M	-43.74M	-20.61M	-13.73M
Cash from Financing	-778M	-669M	30.46M	-57.54M	-47.23M
Miscellaneous Cash Flow Adjustments	-1K	-	-	-	-
Net Change in Cash	-26.17M	-2.94M	83.53M	-87.26M	12.15M
Supplemental Items
Cash Interest Paid	121M	93.76M	43.74M	20.61M	13.73M
Cash Income Tax Paid (Refund)	2.58M	-4.66M	3.48M	883K	1.5M
Levered Free Cash Flow	-26.05M	514M	16.52M	43.65M	-52.76M
Unlevered Free Cash Flow	30.36M	551M	37.77M	67.06M	-31.22M
Change In Net Working Capital	481M	-427M	-48.01M	-73.66M	2.38M
Net Debt Issued / Repaid	-657M	-575M	92.27M	-36.93M	-33.5M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Profitability
Return on Assets	16.69	7.25	-1.99	-0.84	-5.13
Return on Total Capital	25.3	11.55	-2.34	-0.94	-5.75
Return On Equity %	54.89	17.62	-6.87	-5.42	-13.74
Return on Common Equity	54.89	17.62	-6.87	-5.42	-13.74
Margin Analysis
Gross Profit Margin %	40.08	27.14	25.92	29.03	27.97
SG&A Margin	7.62	5.07	8.24	9.35	11.28
EBITDA Margin %	17.51	9.88	-0.59	1.09	-4.15
EBITA Margin %	16.29	8.74	-2.59	-1.1	-6.69
EBIT Margin %	16.29	8.74	-2.59	-1.1	-6.69
Income From Continuing Operations Margin %	7.21	4.96	-3.41	-2.69	-6.68
Net Income Margin %	7.21	4.96	-3.41	-2.69	-6.68
Net Avail. For Common Margin %	7.21	4.96	-3.41	-2.69	-6.68
Normalized Net Income Margin	8.89	4.32	-2.61	-2.1	-5.36
Levered Free Cash Flow Margin	-0.54	16.38	0.89	2.53	-3.29
Unlevered Free Cash Flow Margin	0.63	17.57	2.04	3.89	-1.94
Asset Turnover
Asset Turnover	1.64	1.33	1.23	1.22	1.23
Fixed Assets Turnover	4.96	5.56	3.37	3.21	3.12
Receivables Turnover (Average Receivables)	13	8.37	8.85	12.95	13.12
Inventory Turnover (Average Inventory)	3.35	2.92	3.28	3.19	2.92
Short Term Liquidity
Current Ratio	1.49	3.01	2.68	3.03	2.94
Quick Ratio	0.45	1.41	0.95	1.15	0.69
Operating Cash Flow to Current Liabilities	0.1	0.65	0.22	0.21	-0.23
Days Sales Outstanding (Average Receivables)	28.07	43.61	41.34	28.18	27.82
Days Outstanding Inventory (Average Inventory)	108.9	124.99	111.44	114.29	124.95
Average Days Payable Outstanding	39.92	63.11	27.79	23.03	20.78
Cash Conversion Cycle (Average Days)	97.05	105.48	124.99	119.44	131.98
Long Term Solvency
Total Debt/Equity	110.45	32.64	46.1	46.86	52.54
Total Debt / Total Capital	52.48	24.61	31.55	31.91	34.44
LT Debt/Equity	67.18	20.21	21.44	25.26	32.37
Long-Term Debt / Total Capital	31.92	15.24	14.68	17.2	21.22
Total Liabilities / Total Assets	74.71	37.97	39.86	38.91	41.93
EBIT / Interest Expense	8.68	4.61	-1.41	-0.51	-3.12
EBITDA / Interest Expense	9.33	5.21	-0.32	0.5	-1.93
(EBITDA - Capex) / Interest Expense	8.92	3.82	-0.83	-0.37	-2.01
Total Debt / EBITDA	1.06	1.01	-37.26	20.73	-5.73
Net Debt / EBITDA	1.02	0.92	-26.9	13.88	-5.16
Total Debt / (EBITDA - Capex)	1.1	1.38	-14.39	-28.49	-5.52
Net Debt / (EBITDA - Capex)	1.06	1.25	-10.39	-19.08	-4.98
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	55.01	-34.73	-40.94	-6.95	-6.92
Gross Profit, 1 Yr. Growth %	75.1	-55.8	-43.6	4.24	-10.33
EBITDA, 1 Yr. Growth %	246.5	-63.18	-103.47	-222.68	-451.74
EBITA, 1 Yr. Growth %	408.58	-64.97	-117.22	-63.78	469.12
EBIT, 1 Yr. Growth %	408.64	-64.98	-117.22	-63.78	469.12
Earnings From Cont. Operations, 1 Yr. Growth %	-656.69	-55.1	-140.64	-26.56	130.84
Net Income, 1 Yr. Growth %	-656.69	-55.1	-140.64	-26.56	130.84
Normalized Net Income, 1 Yr. Growth %	-918.03	-68.27	-134.97	-29.05	137.05
Diluted EPS Before Extra, 1 Yr. Growth %	-656.69	-55.1	-140.64	-26.56	130.84
Accounts Receivable, 1 Yr. Growth %	68.66	-38.5	-53.36	-0	-16.27
Inventory, 1 Yr. Growth %	89.93	-60.95	-9.9	-6.59	13.85
Net Property, Plant and Equip., 1 Yr. Growth %	-58.57	-1.39	-3.68	-1.01	-7.16
Total Assets, 1 Yr. Growth %	18.61	-51.34	-5.48	-6.73	-8.33
Tangible Book Value, 1 Yr. Growth %	75.97	19.37	-8.35	-5.27	-12.86
Common Equity, 1 Yr. Growth %	75.92	19.34	-8.35	-5.27	-12.86
Cash From Operations, 1 Yr. Growth %	-49.72	11.57	-63.67	-56.3	-202.16
Capital Expenditures, 1 Yr. Growth %	1.89K	124.36	-79.1	88.12	-92.54
Levered Free Cash Flow, 1 Yr. Growth %	-141.33	2.97K	-96.8	218.2	-220.69
Unlevered Free Cash Flow, 1 Yr. Growth %	-85.33	653.83	-93.18	91.74	-146.51
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	18.21	0.59	-37.91	-25.87	-6.93
Gross Profit, 2 Yr. CAGR %	30.6	-12.03	-50.07	-23.32	-3.32
EBITDA, 2 Yr. CAGR %	104.13	12.95	-88.63	-75.5	108.31
EBITA, 2 Yr. CAGR %	166.02	33.47	-75.26	-73.89	43.17
EBIT, 2 Yr. CAGR %	166.04	33.47	-75.26	-73.89	43.17
Earnings From Cont. Operations, 2 Yr. CAGR %	152.31	58.1	-57.29	-45.37	30.21
Net Income, 2 Yr. CAGR %	152.31	58.1	-57.29	-45.37	30.21
Normalized Net Income, 2 Yr. CAGR %	120.1	61.1	-66.38	-48.77	29.68
Diluted EPS Before Extra, 2 Yr. CAGR %	152.31	58.1	-57.29	-45.37	30.21
Accounts Receivable, 2 Yr. CAGR %	38.19	1.84	-46.44	-31.71	-8.5
Inventory, 2 Yr. CAGR %	34.95	-13.88	-40.68	-8.26	3.12
Net Property, Plant and Equip., 2 Yr. CAGR %	-37.59	-36.08	-2.54	-2.35	-4.13
Total Assets, 2 Yr. CAGR %	7.83	-24.03	-32.18	-6.11	-7.54
Tangible Book Value, 2 Yr. CAGR %	24.59	44.94	4.6	-6.82	-9.14
Common Equity, 2 Yr. CAGR %	24.58	44.89	4.58	-6.82	-9.14
Cash From Operations, 2 Yr. CAGR %	46.56	-25.1	-36.34	-47.02	-33.18
Capital Expenditures, 2 Yr. CAGR %	22.95	568.34	-31.52	-37.3	-62.53
Levered Free Cash Flow, 2 Yr. CAGR %	-45.7	185.66	-0.68	-70.94	96.12
Unlevered Free Cash Flow, 2 Yr. CAGR %	-26.23	63.23	-28.14	-65.21	-5.52
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	10.47	-3.02	-15.77	-28.95	-20.03
Gross Profit, 3 Yr. CAGR %	18.44	-8.99	-24.14	-36.19	-19.22
EBITDA, 3 Yr. CAGR %	65.5	15.34	-64.48	-71.81	-40.34
EBITA, 3 Yr. CAGR %	102.88	35.33	-32.23	-71.06	-27.2
EBIT, 3 Yr. CAGR %	102.9	35.34	-32.23	-71.06	-27.2
Earnings From Cont. Operations, 3 Yr. CAGR %	60.68	41.92	0.52	-48.83	-11.68
Net Income, 3 Yr. CAGR %	60.68	41.92	0.52	-48.83	-11.68
Normalized Net Income, 3 Yr. CAGR %	73.73	15.4	-2.58	-56.06	-14.63
Diluted EPS Before Extra, 3 Yr. CAGR %	60.68	41.92	0.52	-48.83	-11.68
Accounts Receivable, 3 Yr. CAGR %	19.91	5.5	-21.5	-34.05	-26.91
Inventory, 3 Yr. CAGR %	27.78	-10.74	-12.57	-30.99	-1.41
Net Property, Plant and Equip., 3 Yr. CAGR %	-30.28	-27.31	-26.72	-2.03	-3.98
Total Assets, 3 Yr. CAGR %	4.06	-17.29	-18.29	-24.58	-6.86
Tangible Book Value, 3 Yr. CAGR %	11.92	22.83	24.4	1.2	-8.88
Common Equity, 3 Yr. CAGR %	11.91	22.81	24.38	1.19	-8.88
Cash From Operations, 3 Yr. CAGR %	-8.85	33.82	-41.15	-32.09	-34.06
Capital Expenditures, 3 Yr. CAGR %	-18.88	50.25	110.56	-4.1	-69.16
Levered Free Cash Flow, 3 Yr. CAGR %	-31.02	79.9	-36	37.63	-53.26
Unlevered Free Cash Flow, 3 Yr. CAGR %	-47.54	114.6	-43.27	-2.85	-61.66
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.13	1.21	-12.27	-12.9	-12.34
Gross Profit, 5 Yr. CAGR %	13.4	-4.23	-16.16	-15.02	-16.42
EBITDA, 5 Yr. CAGR %	34.24	10.21	-43.29	-37.77	-22.78
EBITA, 5 Yr. CAGR %	49.33	21.62	-12.56	-29.72	-6.95
EBIT, 5 Yr. CAGR %	49.33	21.62	-12.56	-29.71	-6.95
Earnings From Cont. Operations, 5 Yr. CAGR %	48.96	20.04	-5.42	-3.13	11.48
Net Income, 5 Yr. CAGR %	48.96	20.04	-5.42	-3.13	11.48
Normalized Net Income, 5 Yr. CAGR %	64.19	15.17	-9.93	-16.29	10.47
Diluted EPS Before Extra, 5 Yr. CAGR %	48.96	20.04	-5.42	-3.13	11.48
Accounts Receivable, 5 Yr. CAGR %	26.26	-2.36	-13.14	-11.34	-16.54
Inventory, 5 Yr. CAGR %	13.74	-7.01	-5.99	-9.75	-6.6
Net Property, Plant and Equip., 5 Yr. CAGR %	-17.55	-19.95	-20.28	-18.2	-18.41
Total Assets, 5 Yr. CAGR %	5.25	-12.5	-12.32	-12.99	-14.15
Tangible Book Value, 5 Yr. CAGR %	6.71	7.96	8.93	9.98	9.71
Common Equity, 5 Yr. CAGR %	6.71	7.95	8.92	9.97	9.69
Cash From Operations, 5 Yr. CAGR %	-3.75	9.77	-21.04	-7.62	-30.61
Capital Expenditures, 5 Yr. CAGR %	14.1	-23.2	-24.2	5.92	5.56
Levered Free Cash Flow, 5 Yr. CAGR %	3.06	1.9	-26.94	-13.15	-3.49
Unlevered Free Cash Flow, 5 Yr. CAGR %	-24.52	10.09	-29.06	3.75	-31.5