Q1 FY27 results: Rs 289 cr standalone loss, going concern doubt flagged

Gammon India posted a standalone loss of Rs 288.77 cr and consolidated loss of Rs 372.75 cr for Q1 FY27. Revenue from operations was just Rs 1.87 cr standalone. Auditor issued a qualified conclusion and flagged material uncertainty on going concern as current liabilities exceed current assets by Rs 12,988 cr standalone. Lenders recalled all loans, trading is suspended, and winding up petitions are filed. Rs 923 cr penal interest sits as contingent liability. Facilities are NPA since June 2017.