Gammon India Board Approves Q2 FY26 Standalone & Consolidated Unaudited Results
Gammon India's Board approved Q2 FY26 standalone and consolidated results on November 14, 2025. The company reported a standalone loss after tax of ₹603.18 crore and a consolidated loss after tax of ₹535.43 crore for the half-year ended September 30, 2025. Auditors issued qualified conclusions on both sets of results, citing issues with claim recoverability and penal interest.
The announcement details significant financial losses, qualified audit reports, and material uncertainties regarding the company's ability to continue as a going concern. These factors have a substantial negative impact on the company's financial health and investor confidence.
The company reported significant losses for the quarter and half-year ended September 30, 2025, on both standalone and consolidated bases. Additionally, the auditors have issued qualified conclusions, highlighting issues with claim recoverability and penal interest, and a material uncertainty regarding the going concern assumption.
Gammon India Limited announced the outcome of its Board Meeting held on November 14, 2025. The Board approved the Un-Audited Standalone and Consolidated Financial Statements for the quarter and half-year ended September 30, 2025. These results were reviewed by the Audit Committee and subsequently approved by the Board.
The company's standalone financial results for the half-year ended September 30, 2025, show a total income of ₹8.30 crore and total expenses of ₹611.87 crore, resulting in a loss after tax of ₹603.18 crore. For the same period, the consolidated financial results indicate a total income of ₹18.53 crore and total expenses of ₹655.70 crore, leading to a consolidated loss after tax of ₹535.43 crore.
The auditors have issued a qualified conclusion on both the standalone and consolidated financial results. Key qualifications relate to the recoverability of claims amounting to ₹30.00 crore, the treatment of penal interest and charges amounting to ₹31.48 crore for the quarter and ₹862.22 crore cumulatively, and an auditor's qualification for a subsidiary regarding share application money. A material uncertainty relating to going concern is also highlighted due to the company's significant liabilities exceeding its assets, NPA status with lenders, and ongoing restructuring efforts.
The company's registered office is located at Floor 3rd, Plot - 3/8, Hamilton House, J. N. Heredia Marg, Ballard Estate, Mumbai - 400 038.
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