GAMMONINDNSEGammon India Limited· ConstructionHighNeutral
Announced Mon, 12 Oct, 2026 · 11:51 IST
Gammon India posts Rs 1,963 cr FY24 loss, auditor flags going concern risk
Going ConcernQualified OpinionEmphasis Of MatterRevenue DeclinePat NegativeExceptional ItemResults View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
FY24 net loss widened to Rs 1,963 crore (FY23: Rs 1,540 crore) as revenue fell to Rs 39.25 crore from Rs 101.48 crore. Auditor gave qualified opinion on disputed claims, subsidiary exposure of Rs 28.95 crore, and unrecorded penal interest of Rs 678.67 crore. Material going concern uncertainty flagged, current liabilities exceed current assets by Rs 10,442 crore, loans NPA since 2017.
Likely market impact
Severe financial distress with negative net worth of Rs 9,496 crore, equity trading suspended, lenders recalling loans. Major risk for shareholders.