Gayatri Projects Limited has submitted to the Exchange, the unaudited Standalone & Consolidated financial results for the quarter ended Jun 30, 2025.
GAYAPROJ · price
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Gayatri Projects reported a standalone net loss of ₹282.67 lakhs in Q1 FY26, narrower than the ₹1,640.20 lakhs loss a year ago. Revenue from operations fell sharply by about 36% year-on-year to ₹7,658.34 lakhs (from ₹11,940.77 lakhs). On a consolidated basis, the loss was ₹58.33 lakhs versus ₹1,285.69 lakhs in the year-ago quarter. The company has a completely eroded net worth (negative reserves of ₹1,51,035 lakhs standalone) and huge contingent liabilities totalling over ₹3 lakh lakhs from bank guarantees and corporate guarantees to group companies. Key context: the insolvency resolution process (CIRP) that began in November 2022 was withdrawn on September 10, 2025 after lenders approved a one-time settlement of ₹750 crore (fund-based) plus ₹1,229 crore (non-fund-based); promoters have paid the entire fund-based amount and regained management control from September 16, 2025.
The withdrawal of CIRP and promoter takeover are positive developments, signalling end of bankruptcy proceedings. However, weak revenue, completely eroded net worth, and massive contingent liabilities remain serious concerns. Results were filed with a significant delay (December 31, 2025 for the June 2025 quarter), and shareholders should weigh the going-concern uncertainty flagged by auditors against the OTS resolution.