GSFC Q1 FY27: net loss Rs 19.68 cr; auditor flags going concern

Going ConcernQualified OpinionPat NegativeExceptional ItemContingent Liabilities IncreasedResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+0.4% vs market

Financial Institution peers, median of 7sector-0.8%+1.0% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.0 pts more than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Financial Institution peers, median of 7Pending

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AI summary

GSFC posted net loss of Rs 1,967.66 lakh for Q1 FY27 versus Rs 3,102.13 lakh loss in Q1 FY26. Total income was Rs 406.15 lakh. Net worth is fully eroded with negative reserves of about Rs 3.28 lakh crore, 100 percent of advances are NPAs, and the corporation has defaulted on repayment obligations. Auditors issued a qualified opinion citing going concern issues and unconfirmed Gujarat government dues. The corporation stopped accruing Rs 1,220.79 lakh default interest from April 2026.

Likely market impact

Auditor going concern flag and fully eroded net worth highlight severe financial distress; little near term upside for shareholders.