(Formerly Cinerad Communications Limited)Mumbai, February 2, 2025
GTT Data Solutions Limited (BSE: 530457) has announced its unaudited financial results for the quarter and nine months ended December 31, 2024, following a Board meeting held on February 2, 2025.
Key Financial Highlights (Standalone)
(₹ in Lakhs)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|
| Revenue from Operations | 142.43 | 6.53 | - | 151.67 | - |
| Other Income | 0.06 | 3.34 | 0.09 | 5.12 | 6.09 |
| Total Income | 142.49 | 6.53 | 3.34 | 151.76 | 5.12 |
| Employee Benefits Expense | 91.09 | 43.48 | 3.22 | 159.05 | 4.85 |
| Depreciation & Amortization | 58.70 | 3.54 | - | 62.26 | - |
| Finance Cost | 43.70 | 24.49 | 0.13 | 68.18 | 0.21 |
| Other Expenses | 153.52 | 64.04 | 12.50 | 276.42 | 5.90 |
| Total Expenses | 347.02 | 135.55 | 15.85 | 565.91 | 10.96 |
| Net Profit / (Loss) | (204.52) | (129.02) | (12.50) | (414.23) | (5.84) |
| Earnings Per Share (Basic & Diluted) | (1.51) | (0.67) | (0.01) | (2.16) | (0.10) |
The company reported a
net loss of ₹204.52 lakh in Q3 FY25, reflecting higher operating expenses, finance costs, and depreciation charges.
Segment Performance
| Segment | Q3 FY25 Revenue (₹ in Lakhs) | Q3 FY25 Results (₹ in Lakhs) |
|---|
| Training | 89.58 | 30.13 |
| IT Services | 52.85 | 35.69 |
The
Training segment contributed the highest revenue, while IT services also showed steady growth.
Key Financial Highlights (Consolidated)
(₹ in Lakhs)
| Particulars | Q3 FY25 | Q2 FY25 | 9M FY25 | 9M FY24 |
|---|
| Revenue from Operations | 459.11 | 353.62 | 1,111.14 | 1,399.08 |
| Total Expenses | 571.00 | 405.68 | 1,384.05 | 1,651.33 |
| Net Profit / (Loss) | (100.88) | (66.66) | (289.18) | (71.16) |
| Earnings Per Share (Basic & Diluted) | (0.53) | (0.35) | (1.51) | (0.32) |
Despite an increase in revenue, the company reported a
consolidated net loss of ₹100.88 lakh in Q3 FY25, impacted by higher employee costs, depreciation, and finance costs.
Corporate Announcements & Strategic Moves
- Acquisitions & Advances:
- Acquisition of CRG Solutions Pvt Ltd: ₹1 crore advance given for acquiring shares, with final transfer pending.
- Investment in EdTech & IT Platforms:
- ₹5 lakh advance for acquiring LMS platforms from O2 Breathing Brains Pvt Ltd.
- ₹10 lakh advance for proprietary software purchase from Ujjvilas Technologies.
- Rights Issue:
- The Rights Issue Committee approved 1.91 crore equity shares at ₹26 per share, on a 1:1 ratio for existing shareholders.
- Issue open from January 27 to February 4, 2025.
- Franchisee Agreement:
- Signed a non-exclusive franchise agreement with Seed Infotech Ltd for ₹3 crore.
- Additionally, an employee transfer agreement worth ₹50 lakh was executed to ensure smooth operations.
Management Commentary
Pankaj Samani, Managing Director of GTT Data Solutions, stated:
“While we are witnessing strong growth in revenue, particularly in our Training and IT services divisions, rising operational costs and strategic investments have impacted profitability. We remain confident that our acquisitions and franchisee agreements will drive long-term value creation for stakeholders.”
Outlook & Future Strategy
- Focus on IT & Training Expansion: The company plans to strengthen its IT services and training verticals.
- Operational Cost Optimization: Measures to control expenses and improve cash flows.
- Capital Raising via Rights Issue: Enhancing financial stability through shareholder participation.
Conclusion
Despite reporting losses in Q3 FY25,
GTT Data Solutions is actively investing in acquisitions, partnerships, and training initiatives, positioning itself for long-term growth.