Q1 FY27 results: Loss widens, auditor resigns, loan defaults continue
GAYAHWS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Standalone net loss widened to Rs 274.94 lakhs from Rs 239.42 lakhs in Q4 FY26. Revenue from operations was Rs 709.01 lakhs. Negative other equity stands at Rs 21,965 lakhs standalone and Rs 67,505 lakhs consolidated. Auditor issued a qualified conclusion flagging term loan defaults of Rs 5,015.86 lakhs, unconfirmed write-backs of Rs 4,476.51 lakhs from related party Gayatri Projects Limited, and impairment needed on joint venture exposures. Statutory auditor PRSV and Co LLP resigned mid-term citing workload constraints.
Weak results, loan defaults and auditor resignation raise concerns on financial health and may pressure the stock. Watch for new auditor and HKR Roadways sale outcome.