Income Statement GTN Industries Limited

Stocks

GTNIND

INE537A01013

Textiles & Leather Goods

Market Closed - Bombay S.E. 13:02:22 17/08/2026 +03			5-day change	1st Jan Change
24.85 ^INR	+5.61%		+2.05%	+19.87%

08-12	GTN Industries Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI
06-05	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	2021	2022	2023	2024	2025
Revenues	3.1B	4.81B	3.14B	1.85B	1.72B
Total Revenues	3.1B	4.81B	3.14B	1.85B	1.72B
Cost of Goods Sold, Total	2B	2.88B	2.29B	1.37B	1.22B
Gross Profit	1.1B	1.93B	852M	480M	501M
Selling General & Admin Expenses, Total	309M	366M	159M	153M	161M
Depreciation & Amortization - (IS)	89.01M	58.75M	35.71M	37.04M	37.84M
Other Operating Expenses	549M	719M	383M	339M	322M
Other Operating Expenses, Total	947M	1.14B	578M	528M	521M
Operating Income	154M	783M	274M	-47.93M	-20.08M
Interest Expense, Total	-230M	-90.25M	-59.52M	-34.01M	-37.46M
Interest And Investment Income	5.38M	4.89M	18.03M	8.94M	3.83M
Net Interest Expenses	-225M	-85.36M	-41.49M	-25.07M	-33.63M
Currency Exchange Gains (Loss)	5.57M	3.71M	-641K	3.46M	549K
Other Non Operating Income (Expenses)	-18.28M	-17.36M	-15.11M	-7.8M	-4.89M
EBT, Excl. Unusual Items	-83.64M	684M	217M	-77.34M	-58.05M
Gain (Loss) On Sale Of Investments	-	-	-	-	3.47M
Gain (Loss) On Sale Of Assets	-	-87K	1.21M	-1.64M	-115K
Insurance Settlements	949K	1.28M	495K	577K	164K
Other Unusual Items	-	-184M	-	-	-
EBT, Incl. Unusual Items	-82.69M	502M	219M	-78.41M	-54.53M
Income Tax Expense	-20.44M	155M	63.18M	-15.18M	-8.09M
Earnings From Continuing Operations	-62.25M	347M	156M	-63.22M	-46.44M
Net Income to Company	-62.25M	347M	156M	-63.22M	-46.44M
Net Income - (IS)	-62.25M	347M	156M	-63.22M	-46.44M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	-62.25M	347M	156M	-63.22M	-46.44M
Net Income to Common Excl. Extra Items	-62.25M	347M	156M	-63.22M	-46.44M
Per Share Items
Net EPS - Basic	-3.55	19.76	8.87	-3.6	-2.65
Basic EPS - Continuing Operations	-3.55	19.76	8.87	-3.6	-2.65
Basic Weighted Average Shares Outstanding	17.54M	17.54M	17.54M	17.54M	17.54M
Net EPS - Diluted	-3.55	19.76	8.87	-3.6	-2.65
Diluted EPS - Continuing Operations	-3.55	19.76	8.87	-3.6	-2.65
Diluted Weighted Average Shares Outstanding	17.54M	17.54M	17.54M	17.54M	17.54M
Normalized Basic EPS	-2.98	24.38	7.73	-2.76	-2.07
Normalized Diluted EPS	-2.98	24.38	7.73	-2.76	-2.07
Supplemental Items
EBITDA	243M	842M	310M	-10.89M	17.76M
EBITA	154M	783M	274M	-47.93M	-20.08M
EBIT	154M	783M	274M	-47.93M	-20.08M
EBITDAR	251M	862M	313M	-10.24M	18.44M
Total Revenues (As Reported)	3.12B	4.82B	3.16B	1.87B	1.73B
Effective Tax Rate - (Ratio)	24.72	30.93	28.88	19.36	14.84
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	-	-	101M	-	-
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-20.44M	160M	-38.12M	-19.66M	-8.21M
Normalized Net Income	-52.28M	428M	136M	-48.34M	-36.28M
Interest Capitalized	-	-	-	-	-
Non-Cash Pension Expense	902K	712K	123K	186K	-21K
Supplemental Operating Expense Items
Advertising Expense	2.3M	4.45M	539K	132K	99K
Selling and Marketing Expenses	2.3M	4.45M	539K	132K	99K
Net Rental Expense, Total	7.89M	20.39M	2.55M	648K	683K
Imputed Operating Lease Interest Expense	8.44M	11.3M	2.02M	490K	514K
Imputed Operating Lease Depreciation	-555K	9.1M	531K	158K	169K
Maintenance & Repair Expenses, Total	28.59M	37.09M	23.55M	21.69M	21.02M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	58.43M	32.26M	29.32M	113M	25.59M
Short Term Investments	-	-	-	-	103M
Total Cash And Short Term Investments	58.43M	32.26M	29.32M	113M	129M
Accounts Receivable, Total	275M	464M	286M	133M	133M
Other Receivables	228M	263M	103M	56.76M	27.42M
Total Receivables	504M	727M	388M	190M	161M
Inventory	593M	1.13B	440M	396M	370M
Prepaid Expenses	12.29M	13.86M	6.68M	6.38M	6.35M
Other Current Assets, Total	65.84M	645M	30.02M	148M	101M
Total Current Assets	1.23B	2.54B	894M	854M	768M
Gross Property Plant And Equipment	3.11B	1.47B	1.44B	1.44B	1.47B
Accumulated Depreciation	-1.73B	-901M	-883M	-904M	-939M
Net Property Plant And Equipment	1.37B	568M	561M	540M	535M
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	260K	239K	0	-	-
Deferred Tax Assets Long-Term	26.83M	-	-	-	-
Other Long-Term Assets, Total	50.74M	69.54M	93.95M	69.82M	63.12M
Total Assets	2.68B	3.18B	1.55B	1.46B	1.37B
Liabilities
Accounts Payable, Total	309M	438M	115M	86.91M	64.27M
Accrued Expenses, Total	53.06M	39.15M	13.3M	9.89M	5.93M
Short-term Borrowings	834M	348M	119M	217M	180M
Current Portion of Long-Term Debt	172M	-	-	-	-
Current Income Taxes Payable	4.55M	-	-	-	-
Unearned Revenue Current, Total	104M	543M	-	-	-
Other Current Liabilities	28.65M	334M	49.1M	4.99M	2.6M
Total Current Liabilities	1.5B	1.7B	297M	319M	253M
Long-Term Debt	712M	541M	194M	189M	211M
Pension & Other Post Retirement Benefits	9.67M	554K	1.92M	-	-
Deferred Tax Liability Non Current	-	133M	95.09M	75.77M	67.58M
Total Liabilities	2.23B	2.38B	588M	583M	531M
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	112M	458M	614M	488M	441M
Comprehensive Income and Other	59.17M	60.04M	60.12M	106M	106M
Total Common Equity	458M	805M	961M	880M	834M
Total Equity	458M	805M	961M	880M	834M
Total Liabilities And Equity	2.68B	3.18B	1.55B	1.46B	1.37B
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	26.09	45.89	54.77	50.19	47.55
Tangible Book Value	457M	805M	961M	880M	834M
Tangible Book Value Per Share	26.07	45.88	54.77	50.19	47.55
Total Debt	1.72B	889M	314M	406M	391M
Net Debt	1.66B	857M	284M	293M	262M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-3.84M	3.48M	3.17M	290K	206K
Debt Equivalent Oper. Leases	63.11M	163M	20.38M	5.18M	5.46M
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Raw Materials, Total	255M	730M	222M	260M	267M
Inventories - Work In Process, Total	-	-	41.23M	39.3M	18.96M
Inventories - Finished Goods, Total	323M	386M	166M	90.85M	73.73M
Inventories - Others	15.3M	10.66M	10.98M	6M	10.22M
Land - (BS)	145M	103M	66.94M	66.94M	66.94M
Buildings, Total	577M	346M	316M	319M	321M
Machinery, Total	2.38B	992M	1.01B	1.06B	1.07B
Full Time Employees	745	496	335	310	310
Accumulated Allowance for Doubtful Accounts (Supple)	6.29M	6.99M	9.05M	11.57M	11.57M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	-62.25M	347M	156M	-63.22M	-46.44M
Depreciation & Amortization - CF	89.01M	58.73M	35.69M	37.04M	37.84M
Amortization of Goodwill and Intangible Assets - (CF)	-	21K	23K	-	-
Depreciation & Amortization, Total	89.01M	58.75M	35.71M	37.04M	37.84M
(Gain) Loss From Sale Of Asset	4K	109M	-1.21M	1.64M	115K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-3.47M
Provision and Write-off of Bad Debts	-	699K	2.06M	2.52M	-
Other Operating Activities, Total	248M	106M	80.56M	40.58M	41.23M
Change In Accounts Receivable	-32.16M	-190M	177M	150M	6K
Change In Inventories	25.44M	-533M	687M	43.53M	26.12M
Change In Accounts Payable	-103M	130M	-323M	-28.14M	-22.64M
Change in Other Net Operating Assets	180M	146M	-619M	-113M	21.62M
Cash from Operations	345M	174M	194M	70.39M	54.38M
Capital Expenditure	-1.86M	-36.93M	-82.86M	-17.32M	-32.58M
Sale of Property, Plant, and Equipment	40K	615M	555M	-	170K
Investment in Marketable and Equity Securities, Total	-	-	-	-	-100M
Other Investing Activities, Total	-	-	-	-	48.32M
Cash from Investing	-1.82M	578M	473M	-17.32M	-84.1M
Short Term Debt Issued, Total	-	-	-	97.67M	-
Long-Term Debt Issued, Total	1.11M	-	-	-	-
Total Debt Issued	1.11M	-	-	97.67M	-
Short Term Debt Repaid, Total	-83.82M	-486M	-229M	-	-36.93M
Long-Term Debt Repaid, Total	-	-171M	-347M	-5.4M	-
Total Debt Repaid	-83.82M	-657M	-575M	-5.4M	-36.93M
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-18.08M	-
Other Financing Activities, Total	-243M	-121M	-93.76M	-43.74M	-20.61M
Cash from Financing	-326M	-778M	-669M	30.46M	-57.54M
Miscellaneous Cash Flow Adjustments	-	-1K	-	-	-
Net Change in Cash	17.58M	-26.17M	-2.94M	83.53M	-87.26M
Supplemental Items
Cash Interest Paid	243M	121M	93.76M	43.74M	20.61M
Cash Income Tax Paid (Refund)	1.76M	2.58M	-4.66M	3.48M	883K
Levered Free Cash Flow	63.01M	-26.05M	514M	16.52M	42.96M
Unlevered Free Cash Flow	207M	30.36M	551M	37.77M	66.37M
Change In Net Working Capital	-23.55M	481M	-427M	-48.01M	-73.66M
Net Debt Issued / Repaid	-82.7M	-657M	-575M	92.27M	-36.93M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.55	16.69	7.25	-1.99	-0.89
Return on Total Capital	4.36	25.3	11.55	-2.34	-1
Return On Equity %	-12.75	54.89	17.62	-6.87	-5.42
Return on Common Equity	-12.75	54.89	17.62	-6.87	-5.42
Margin Analysis
Gross Profit Margin %	35.48	40.08	27.14	25.92	29.03
SG&A Margin	9.96	7.62	5.07	8.24	9.35
EBITDA Margin %	7.83	17.51	9.88	-0.59	1.03
EBITA Margin %	4.96	16.29	8.74	-2.59	-1.16
EBIT Margin %	4.96	16.29	8.74	-2.59	-1.16
Income From Continuing Operations Margin %	-2.01	7.21	4.96	-3.41	-2.69
Net Income Margin %	-2.01	7.21	4.96	-3.41	-2.69
Net Avail. For Common Margin %	-2.01	7.21	4.96	-3.41	-2.69
Normalized Net Income Margin	-1.68	8.89	4.32	-2.61	-2.1
Levered Free Cash Flow Margin	2.03	-0.54	16.38	0.89	2.49
Unlevered Free Cash Flow Margin	6.67	0.63	17.57	2.04	3.85
Asset Turnover
Asset Turnover	1.14	1.64	1.33	1.23	1.22
Fixed Assets Turnover	2.19	4.96	5.56	3.37	3.21
Receivables Turnover (Average Receivables)	11.97	13	8.37	8.85	12.95
Inventory Turnover (Average Inventory)	3.3	3.35	2.92	3.28	3.19
Short Term Liquidity
Current Ratio	0.82	1.49	3.01	2.68	3.03
Quick Ratio	0.37	0.45	1.41	0.95	1.15
Operating Cash Flow to Current Liabilities	0.23	0.1	0.65	0.22	0.21
Days Sales Outstanding (Average Receivables)	30.5	28.07	43.61	41.34	28.18
Days Outstanding Inventory (Average Inventory)	110.47	108.9	124.99	111.44	114.29
Average Days Payable Outstanding	66.48	39.92	63.11	27.79	23.03
Cash Conversion Cycle (Average Days)	74.49	97.05	105.48	124.99	119.44
Long Term Solvency
Total Debt/Equity	375.34	110.45	32.64	46.1	46.86
Total Debt / Total Capital	78.96	52.48	24.61	31.55	31.91
LT Debt/Equity	155.57	67.18	20.21	21.44	25.26
Long-Term Debt / Total Capital	32.73	31.92	15.24	14.68	17.2
Total Liabilities / Total Assets	82.95	74.71	37.97	39.86	38.91
EBIT / Interest Expense	0.67	8.68	4.61	-1.41	-0.54
EBITDA / Interest Expense	1.06	9.33	5.21	-0.32	0.47
(EBITDA - Capex) / Interest Expense	1.05	8.92	3.82	-0.83	-0.4
Total Debt / EBITDA	7.07	1.06	1.01	-37.26	22.01
Net Debt / EBITDA	6.83	1.02	0.92	-26.9	14.74
Total Debt / (EBITDA - Capex)	7.12	1.1	1.38	-14.39	-26.38
Net Debt / (EBITDA - Capex)	6.88	1.06	1.25	-10.39	-17.67
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-9.86	55.01	-34.73	-40.94	-6.95
Gross Profit, 1 Yr. Growth %	-2.58	75.1	-55.8	-43.6	4.24
EBITDA, 1 Yr. Growth %	20.26	246.5	-63.18	-103.47	-215.54
EBITA, 1 Yr. Growth %	39.12	408.58	-64.97	-117.22	-61.69
EBIT, 1 Yr. Growth %	39.15	408.64	-64.98	-117.22	-61.69
Earnings From Cont. Operations, 1 Yr. Growth %	14.35	-656.69	-55.1	-140.64	-26.56
Net Income, 1 Yr. Growth %	14.35	-656.69	-55.1	-140.64	-26.56
Normalized Net Income, 1 Yr. Growth %	-40.77	-918.03	-68.27	-134.97	-29.05
Diluted EPS Before Extra, 1 Yr. Growth %	14.35	-656.69	-55.1	-140.64	-26.56
Accounts Receivable, 1 Yr. Growth %	13.22	68.66	-38.5	-53.36	-0
Inventory, 1 Yr. Growth %	-4.11	89.93	-60.95	-9.9	-6.59
Net Property, Plant and Equip., 1 Yr. Growth %	-5.97	-58.57	-1.39	-3.68	-1.01
Total Assets, 1 Yr. Growth %	-1.97	18.61	-51.34	-5.48	-6.73
Tangible Book Value, 1 Yr. Growth %	-11.78	75.97	19.37	-8.35	-5.27
Common Equity, 1 Yr. Growth %	-11.78	75.92	19.34	-8.35	-5.27
Cash From Operations, 1 Yr. Growth %	327.21	-49.72	11.57	-63.67	-56.3
Capital Expenditures, 1 Yr. Growth %	-92.41	1.89K	124.36	-79.1	88.12
Levered Free Cash Flow, 1 Yr. Growth %	-171.34	-141.33	2.97K	-96.8	213.2
Unlevered Free Cash Flow, 1 Yr. Growth %	270.91	-85.33	653.83	-93.18	89.78
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-6.74	18.21	0.59	-37.91	-25.87
Gross Profit, 2 Yr. CAGR %	-2.59	30.6	-12.03	-50.07	-23.32
EBITDA, 2 Yr. CAGR %	14.37	104.13	12.95	-88.63	-76.22
EBITA, 2 Yr. CAGR %	28.13	166.02	33.47	-75.26	-73.14
EBIT, 2 Yr. CAGR %	28.14	166.04	33.47	-75.26	-73.14
Earnings From Cont. Operations, 2 Yr. CAGR %	-13.67	152.31	58.1	-57.29	-45.37
Net Income, 2 Yr. CAGR %	-13.67	152.31	58.1	-57.29	-45.37
Normalized Net Income, 2 Yr. CAGR %	-19.93	120.1	61.1	-66.38	-48.77
Diluted EPS Before Extra, 2 Yr. CAGR %	-13.67	152.31	58.1	-57.29	-45.37
Accounts Receivable, 2 Yr. CAGR %	1.11	38.19	1.84	-46.44	-31.71
Inventory, 2 Yr. CAGR %	4.81	34.95	-13.88	-40.68	-8.26
Net Property, Plant and Equip., 2 Yr. CAGR %	-9.56	-37.59	-36.08	-2.54	-2.35
Total Assets, 2 Yr. CAGR %	-2.53	7.83	-24.03	-32.18	-6.11
Tangible Book Value, 2 Yr. CAGR %	-10.74	24.59	44.94	4.6	-6.82
Common Equity, 2 Yr. CAGR %	-10.74	24.58	44.89	4.58	-6.82
Cash From Operations, 2 Yr. CAGR %	22.72	46.56	-25.1	-36.34	-47.02
Capital Expenditures, 2 Yr. CAGR %	-83.63	22.95	568.34	-31.52	-37.3
Levered Free Cash Flow, 2 Yr. CAGR %	-10.89	-45.7	185.66	-0.68	-71.17
Unlevered Free Cash Flow, 2 Yr. CAGR %	-0.81	-26.23	63.23	-28.14	-65.38
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.63	10.47	-3.02	-15.77	-28.95
Gross Profit, 3 Yr. CAGR %	1.36	18.44	-8.99	-24.14	-36.19
EBITDA, 3 Yr. CAGR %	8.41	65.5	15.34	-64.48	-72.37
EBITA, 3 Yr. CAGR %	14.31	102.88	35.33	-32.23	-70.51
EBIT, 3 Yr. CAGR %	14.31	102.9	35.34	-32.23	-70.51
Earnings From Cont. Operations, 3 Yr. CAGR %	-0.09	60.68	41.92	0.52	-48.83
Net Income, 3 Yr. CAGR %	-0.09	60.68	41.92	0.52	-48.83
Normalized Net Income, 3 Yr. CAGR %	-7.92	73.73	15.4	-2.58	-56.06
Diluted EPS Before Extra, 3 Yr. CAGR %	-0.09	60.68	41.92	0.52	-48.83
Accounts Receivable, 3 Yr. CAGR %	-5.07	19.91	5.5	-21.5	-34.05
Inventory, 3 Yr. CAGR %	-2.13	27.78	-10.74	-12.57	-30.99
Net Property, Plant and Equip., 3 Yr. CAGR %	-6.99	-30.28	-27.31	-26.72	-2.03
Total Assets, 3 Yr. CAGR %	-3.86	4.06	-17.29	-18.29	-24.58
Tangible Book Value, 3 Yr. CAGR %	-11.29	11.92	22.83	24.4	1.2
Common Equity, 3 Yr. CAGR %	-11.28	11.91	22.81	24.38	1.19
Cash From Operations, 3 Yr. CAGR %	41.64	-8.85	33.82	-41.15	-32.09
Capital Expenditures, 3 Yr. CAGR %	-81.85	-18.88	50.25	110.56	-4.1
Levered Free Cash Flow, 3 Yr. CAGR %	-48.75	-31.02	79.9	-36	36.91
Unlevered Free Cash Flow, 3 Yr. CAGR %	-15.33	-47.54	114.6	-43.27	-3.19
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.07	11.13	1.21	-12.27	-12.9
Gross Profit, 5 Yr. CAGR %	0.2	13.4	-4.23	-16.16	-15.02
EBITDA, 5 Yr. CAGR %	1.99	34.24	10.21	-43.29	-38.51
EBITA, 5 Yr. CAGR %	-5.83	49.33	21.62	-12.56	-28.92
EBIT, 5 Yr. CAGR %	-5.83	49.33	21.62	-12.56	-28.92
Earnings From Cont. Operations, 5 Yr. CAGR %	7.11	48.96	20.04	-5.42	-3.13
Net Income, 5 Yr. CAGR %	7.11	48.96	20.04	-5.42	-3.13
Normalized Net Income, 5 Yr. CAGR %	15.54	64.19	15.17	-9.93	-16.29
Diluted EPS Before Extra, 5 Yr. CAGR %	5.67	48.96	20.04	-5.42	-3.13
Accounts Receivable, 5 Yr. CAGR %	20.74	26.26	-2.36	-13.14	-11.34
Inventory, 5 Yr. CAGR %	0.87	13.74	-7.01	-5.99	-9.75
Net Property, Plant and Equip., 5 Yr. CAGR %	-2.55	-17.55	-19.95	-20.28	-18.2
Total Assets, 5 Yr. CAGR %	1.35	5.25	-12.5	-12.32	-12.99
Tangible Book Value, 5 Yr. CAGR %	-2.13	6.71	7.96	8.93	9.98
Common Equity, 5 Yr. CAGR %	-2.13	6.71	7.95	8.92	9.97
Cash From Operations, 5 Yr. CAGR %	7.08	-3.75	9.77	-21.04	-7.62
Capital Expenditures, 5 Yr. CAGR %	-50.96	14.1	-23.2	-24.2	5.92
Levered Free Cash Flow, 5 Yr. CAGR %	12.02	3.06	1.9	-26.94	-13.42
Unlevered Free Cash Flow, 5 Yr. CAGR %	24.94	-24.52	10.09	-29.06	3.53