Gammon India Q3 FY25: Rs 842 Cr 9M loss, going concern doubt flagged

Gammon India posted a Q3 FY25 standalone loss of Rs 316.29 Cr and 9M loss of Rs 842.14 Cr on revenue of Rs 18.85 Cr, down from Rs 39.25 Cr last year. Auditor issued a qualified conclusion over disputed claims of Rs 30 Cr and unprovided penal interest of Rs 774 Cr. Going concern doubt flagged: current liabilities exceed current assets by Rs 11,188 Cr, loans NPA since 2017, equity trading suspended, winding up petitions filed, and Gammon House seized by lenders. Resolution plan pending with lenders.