GAMMONINDNSEGammon India Limited· ConstructionHighNeutral
Announced Mon, 12 Oct, 2026 · 15:43 IST
Gammon India Q1 FY26 results: auditor flags going concern uncertainty
Going ConcernQualified OpinionEmphasis Of MatterRevenue DeclinePat NegativeExceptional ItemResults View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
Gammon India posted a standalone loss of Rs 288.82 crore in Q1 FY26 versus Rs 264.19 crore loss in Q1 FY25. Revenue from operations was just Rs 0.68 crore. Auditor issued a qualified conclusion citing disputed claims of Rs 30 crore and unprovided penal interest of Rs 830.74 crore. Material uncertainty on going concern was flagged since current liabilities exceed current assets by Rs 11,735.67 crore. Trading is suspended, NPA status continues since 2017, and lenders have filed winding-up petitions.
Likely market impact
Severe financial distress with going concern uncertainty flagged. High risk of value erosion given suspended trading, qualified audit report, and unresolved lender disputes.