GTN Industries Limited is an India-based company. The Company is engaged in the business of spinning and doubling yarn. The Company has its production facilities in the state of Maharashtra. Its products and services include gray yarn, processed yarn, garments and socks. Its gray yarn spinning division produces international yarn from its plants located at Medak in Telangana; Nagpur and Baramati in Maharashtra. Its cotton yarn processing plant at Shadnagar is spread over 100 acres near Hyderabad with an installed capacity of over six tons/day. Its garment unit has a built-up area of over 9000 square meters and open-width cutting capable of producing over three million knitted garments per annum at Hyderabad. The Company offers socks for men, women, and kids. Its own brand, Cotstyle, offers ready-to-wear shirts, polo t-shirts, trousers, and socks.
GTN INDUSTRIES LTD. Quarterly Result Highlights
- GTN INDUSTRIES LTD. reported revenue of ₹81.70 crore in Jun 2018, compared with ₹87.25 crore in Mar 2018, representing a decrease of 6.36% on a quarter-on-quarter (QoQ) basis.
- GTN INDUSTRIES LTD. reported an operating loss of ₹1.76 crore in Jun 2018, compared with ₹1.18 crore in Mar 2018, representing a decrease of 249.15% on a quarter-on-quarter (QoQ) basis.
- GTN INDUSTRIES LTD. reported a loss of ₹1.09 crore in Jun 2018, compared with ₹0.41 crore in Mar 2018, reflecting a decrease of 365.85% on a QoQ basis.