GSS Infotech Limited has informed the Exchange regarding outcome of Board Meeting for consideration and approval of financial results for the fourth quarter and financial year ended on ....
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GSS Infotech's Board approved audited Q4 and FY2026 standalone and consolidated results. Standalone revenue fell ~9% YoY to ₹809L (FY26) vs ₹888L, while consolidated revenue dropped ~12% to ₹8,712L vs ₹9,938L. The company reported a massive net loss of ₹5,208L on standalone and ₹5,040L on consolidated basis, primarily driven by a ₹5,212.51L exceptional item — a write-down of investments in Polimeraas Ltd valued by a registered valuer. Before exceptional items, standalone PBT was ₹60.68L (down from ₹145.94L). Operating cash flow was deeply negative at -₹984L standalone and -₹6,457L consolidated. EPS after exceptional items is -₹19.91 per share. Auditors from Rambabu & Co. issued unmodified opinions on both standalone and consolidated financials. The company's subsidiary Polimeraas Limited triggered the major impairment loss.
The massive investment write-down of ₹5,212L in Polimeraas Ltd signals a severe impairment event. Revenue is declining on both standalone and consolidated bases. Deeply negative operating cash flows and a large net loss are concerning for shareholders, and the impairment may signal ongoing issues with subsidiary valuations.