Gayatri Highways Q2 FY27 Results: Net Loss Widens, Auditors Note Qualified Conclusions
Gayatri Highways reported Q2 FY27 results with total income at ₹4,173.33 lakhs. The company posted a net loss of ₹320.69 lakhs for the quarter. Auditors noted a default on a ₹3,614.26 lakh term loan and significant unrecognised impairments on investments in jointly controlled entities.
The qualified audit report and significant financial irregularities, including loan defaults and potential overstatement of profits due to unrecognised impairments, have a high impact on the company's financial health and investor confidence.
The company reported a net loss, and the statutory auditors' qualified conclusions highlight significant financial concerns including loan defaults and unrecognised impairments, indicating a negative financial situation.
Gayatri Highways Limited has announced its un-audited financial results for the second quarter and half-year ended September 30, 2026.
The company reported a total income from operations of ₹4,173.33 lakhs for the quarter, compared to ₹81.80 lakhs in the same period last year. For the half-year, total income stood at ₹4,935.80 lakhs.
However, the company reported a net loss before tax and exceptional items of ₹320.69 lakhs for the quarter, and a consolidated net loss of ₹320.55 lakhs. The half-year net loss before tax and exceptional items was ₹594.71 lakhs on a standalone basis and ₹594.75 lakhs on a consolidated basis.
The statutory auditors have expressed qualified conclusions on the financial results. Key concerns include the company's default in repayment of an outstanding term loan of ₹3,614.26 lakhs to IL&FS Financial Services Limited. The auditors also noted that the company did not provide interest on this defaulted loan, which, if accounted for, would have further reduced the profit after tax and total comprehensive income.
Furthermore, the auditors highlighted significant impairments required for investments and loans made to jointly controlled entities, Cyberabad Expressways Limited (CEL) and Hyderabad Expressways Limited (HEL), due to their negative net worth. The auditors stated that the company has not impaired these assets as required by Ind AS 36, leading to an overstatement of profits.
Additionally, the auditors could not determine the effects on the consolidated financial results due to the lack of audited financial statements for Indore Dewas Tollways Limited (IDTL), a material subsidiary admitted into Corporate Insolvency Resolution Process (CIRP).
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Gayatri Highways Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Gayatri Highways Limited. Read the original for the full detail.