Please find enclosed the Audited Standalone and Consolidated financial results for the quarter and year ended 31st March 2026
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Gayatri Projects reported standalone revenue of Rs 84,689.18 lakhs for FY26, up 88% from Rs 44,992.45 lakhs in FY25. The company swung from a net loss of Rs 6,879.61 lakhs to net profit of Rs 2,04,695.16 lakhs, primarily due to a massive one-time debt settlement gain of Rs 2,38,400.10 lakhs recognized as an exceptional item. Key write-offs and impairments include Rs 13,342.95 lakhs on CCCPS investment, Rs 13,411 lakhs on subordinate debt to associate Gayatri Highways, and Rs 25,555.01 lakhs interest waiver on inter-corporate loan. The company successfully exited CIRP in September 2025 after lenders approved the OTS proposal, paying Rs 750 crores to settle fund-based dues. However, a secured term loan to PNB of Rs 14,390.74 lakhs remains in default. Associate company Gayatri Highways continues to face operational challenges with terminated road projects.
The company shows a dramatic profit turnaround due to debt settlement gains, but core operations remain under stress with significant bad debt write-offs and ongoing disputes with associate companies. The PNB loan default and pending legal matters with Gayatri Highways create uncertainty for shareholders.