GVK Power & Infrastructure Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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GVK Power & Infrastructure, currently under Corporate Insolvency Resolution Process (CIRP) since July 2024, reported its Q1 FY26 results. On a standalone basis, revenue from operations fell sharply to ₹71 lakh from ₹734 lakh in Q1 FY25, with a loss per share of ₹(6.58). On a consolidated basis, total income rose modestly to ₹8,053 lakh from ₹7,996 lakh, but the company posted a massive loss before tax of ₹1,37,735 lakh versus a small profit of ₹937 lakh a year ago. The collapse in profits was driven primarily by a ₹1,04,158 lakh exceptional loss from the deconsolidation of subsidiary GVK Energy Limited, which was itself admitted into CIRP in May 2025. Financial creditors have filed claims of ₹21,79,248 lakh against the company (of which ₹15,94,489 lakh admitted), and two prior resolution plans were rejected as non-compliant by the Committee of Creditors. The auditor (T R Chadha & Co LLP) issued a Disclaimer of Conclusion, citing significant doubt on the going-concern assumption and flagging massive contingent liabilities from corporate guarantees of around ₹9.69 lakh crore related to GVK Coal Developers (Singapore).
The results confirm the company remains in deep financial distress under insolvency proceedings, with deconsolidation of a key subsidiary and an adverse auditor opinion signaling serious going-concern doubts. For shareholders, this means the stock continues to carry extreme risk, value will likely depend entirely on the outcome of the ongoing CIRP and asset-wise resolution process, and existing equity could be substantially diluted or wiped out depending on the final resolution plan approved by NCLT.