GAMMONINDNSEGammon India Limited· ConstructionHighNeutral
Announced Mon, 12 Oct, 2026 · 18:13 IST
Gammon India revises Dec 2024 results; going concern flagged
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 filed revised unaudited consolidated results for Q3 and 9M ended Dec 2024 after a clerical error in OCI linking was corrected. Loss after tax of Rs 822.82 Cr for 9M FY25 versus Rs 1,021.13 Cr prior year. Auditors issued qualified conclusion on disputed claims, Rs 774 Cr penal interest and subsidiary issues. Going concern uncertainty flagged: current liabilities exceed current assets by Rs 12,246 Cr, loans NPA since 2017, share trading suspended, winding up petitions filed.
Likely market impact
Serious going concern risk; massive losses, qualified audit, NPA loans and winding up petitions are major red flags for shareholders.