Gayatri Projects Q2/H1 FY25: Rs 34.79 Cr Loss, CIRP Withdrawn Post-OTS
GAYAPROJ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gayatri Projects posted standalone net loss of Rs 34.79 crore in H1 FY25 (ended Sep 2024). Revenue fell to Rs 221.86 crore from Rs 679.55 crore YoY. Exceptional item of Rs 24.87 crore booked for EPC write-off. Net worth fully eroded with accumulated losses of Rs 1,975.93 crore. Auditor flagged material uncertainty on going concern. CIRP withdrawn after promoters completed one-time settlement of Rs 750 crore with lenders. Large contingent liabilities disclosed.
Auditor flagged going concern risk. Net worth wiped out, but CIRP withdrawn post-OTS offers relief. Large contingent liabilities remain a concern.