Announced Wed, 24 Dec, 2025 · 12:52 IST
Gayatri Projects Q2/H1 FY24 results: loss continues, CIRP withdrawn after debt settlement
Going ConcernEmphasis Of MatterRevenue DeclinePat NegativeNegative Operating CashflowContingent Liabilities IncreasedResults View source PDFExplain this filing
GAYAPROJ · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
H1 FY24 standalone revenue fell to Rs 38,500 lakhs (down 62% YoY) with a net loss of Rs 3,214 lakhs. Auditor flagged going concern uncertainty citing accumulated losses of Rs 1,92,027 lakhs and net worth erosion. CIRP withdrawn in September 2025 after promoters One Time Settlement offer accepted by 97.20% lenders and fund-based dues fully paid. Contingent liabilities exceed Rs 3,000 crore.
Likely market impact
Exited insolvency via settlement, but weak financials persist: erased net worth, continuing losses, heavy contingent liabilities.