Gayatri Projects Limited has submitted to the Exchange, the audited Standalone and Consolidated financial results for the quarter and year ended March 31, 2026.
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Gayatri Projects Limited reported standalone revenue of Rs 84,689.18 Lakhs for FY26, nearly doubling from Rs 44,992.45 Lakhs in FY25 (88% growth). The company swung to a net profit of Rs 2,04,695.16 Lakhs from a net loss of Rs 6,879.61 Lakhs in the prior year, driven primarily by a massive exceptional item of Rs 1,98,567.80 Lakhs from the One Time Settlement (OTS) of debt under IBC Section 12A. The CIRP against the company was withdrawn in September 2025 after the CoC (97.21% lenders) approved the promoter's OTS proposal of Rs 750 Crores fund-based settlement plus continuing guarantees on NFB limits of Rs 1,229 Crores. The auditors issued an Emphasis of Matter covering multiple items: Rs 13,342.95 Lakhs impairment on CCCPS investment in Gayatri Hi-tech Hotels, Rs 13,411 Lakhs write-off of subordinate debt to associate Gayatri Highways Limited, and Rs 25,555.01 Lakhs interest waiver on an inter-corporate loan. The company completed a preferential allotment raising Rs 27,710.03 Lakhs and has a reported default on a secured PNB term loan of Rs 14,390.74 Lakhs.
The OTS completion and near-doubling of revenue are positive, but the extraordinary profit is driven by debt forgiveness (non-cash) rather than operations. Multiple Emphasis of Matter notes, an unresolved PNB loan default, and significant write-offs of receivables signal ongoing balance-sheet stress despite the legal resolution of CIRP.