Financial Results for the 4th Quarter and Year Ended 31st March 2026.
GAYAHWS · price
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Gayatri Highways Ltd reported standalone profit after tax of Rs 2,053.16 lakhs for FY2026, a massive jump from Rs 30.67 lakhs in FY2025. Total income doubled to Rs 5,205.83 lakhs from Rs 2,586.66 lakhs, helped by a one-time write-back of Rs 3,459.50 lakhs in liabilities. However, the auditors issued a qualified opinion citing four major issues: unresolved loan write-back discrepancies with Gayatri Projects Ltd (equity overstated by Rs 4,816 lakhs), default on Rs 5,015.86 lakhs term loan and interest to IL&FS Financial Services, non-provision of Rs 1,720.20 lakhs in interest, and failure to impair Rs 4,946 lakhs in investments in jointly controlled entities Cyberabad Expressways Ltd and Hyderabad Expressways Ltd. The company's standalone equity is deeply negative at negative Rs 21,965 lakhs.
Despite reporting profit, the company faces severe financial distress with negative equity, loan defaults, auditor qualifications questioning asset values, and ongoing litigation. The stock is likely to face selling pressure due to governance concerns and the going concern risk raised by auditors.