Gayatri Projects Q3 FY24 loss at 1,353 Lakhs, net worth fully eroded
GAYAPROJ · price
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Board approved unaudited Q3 FY24 results on Dec 24, 2025. Standalone loss of 1,352.61 Lakhs vs profit of 412 Lakhs in Q2. Revenue dropped to 13,010 Lakhs from 23,289 Lakhs YoY. Net worth fully eroded; accumulated losses 1,93,379 Lakhs. Auditor flagged going concern uncertainty plus emphasis of matters. CIRP initiated Nov 2022; NCLT allowed withdrawal Sep 10, 2025 after OTS accepted by 97.2 percent lenders. Fund-based dues fully paid.
Mixed - company exits insolvency after OTS, but net worth is fully eroded, accumulated losses are massive, and several recoverability concerns are flagged by the auditor.