Gammon India Q1 FY27 loss at Rs 288 cr; auditor flags going concern

Gammon India posted standalone loss of Rs 288.77 crore in Q1 FY27 versus Rs 288.82 crore a year ago. Consolidated loss widened to Rs 372.75 crore from Rs 193.63 crore. Revenue from operations was just Rs 1.87 crore standalone. Auditor issued a qualified conclusion, flagging penal interest of Rs 923.28 crore as contingent and raising material uncertainty on going concern. Current liabilities exceed assets by Rs 12,988 crore. Trading in shares remains suspended and the resolution plan is still pending with lenders.