GVK Power & Infrastructure Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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GVK Power & Infrastructure Limited reported severe financial distress with standalone revenue crashing to Rs. 8,053 lakhs from Rs. 83,030 lakhs in the previous year—a 90% decline. The company reported a massive standalone loss of Rs. 103,893 lakhs and consolidated loss of Rs. 138,230 lakhs. The auditors issued a Disclaimer of Opinion citing significant doubt on the company's ability to continue as a going concern. The company is under Corporate Insolvency Resolution Process (CIRP) since July 2024, with admitted claims of Rs. 15,94,489 lakhs from financial creditors. Multiple subsidiaries including GVK Energy Limited and GVK Transportation Pvt Ltd are also under CIRP. The company has contingent liabilities of USD 1,132.45 million related to guarantees for GVK Coal Developers Singapore, with an England court order crystallizing USD 2.19 billion payable.
Shareholders face extreme risk as the company battles insolvency proceedings, massive debt obligations, and auditor doubts about going concern. The stock is highly speculative with potential for significant value destruction.