Gayatri Highways Q4 FY26: Net Loss ₹239.42 Lakhs, Qualified Audit Report
Gayatri Highways reported a standalone net loss of ₹239.42 lakhs for Q4 FY26 and a net profit of ₹2,053.16 lakhs for FY26. Consolidated net profit for Q4 FY26 was ₹689.94 lakhs, with a full-year consolidated net loss of ₹122.46 lakhs. The results received a qualified audit opinion due to several accounting discrepancies and defaults.
A qualified audit opinion raises serious concerns about the reliability of the financial statements and the company's financial health. This can lead to increased scrutiny from regulators, investors, and lenders, potentially impacting the company's ability to raise capital or operate smoothly.
The company reported significant financial losses in certain periods and, more importantly, received a qualified audit opinion with multiple points of concern regarding overstated equity, understated liabilities, loan defaults, and lack of impairment for investments in joint ventures. These factors indicate material weaknesses in financial reporting and operations.
Gayatri Highways Limited announced its audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2026. The Board of Directors approved these results in a meeting held on May 25, 2026.
The company reported a net loss of ₹239.42 lakhs for the standalone fourth quarter ended March 31, 2026, compared to a net loss of ₹505.84 lakhs in the corresponding quarter of the previous year. For the full year ended March 31, 2026, the standalone net profit was ₹2,053.16 lakhs, a significant increase from ₹30.67 lakhs in the previous year.
On a consolidated basis, the company reported a net profit of ₹689.94 lakhs for the fourth quarter ended March 31, 2026, a substantial improvement from a net loss of ₹276.43 lakhs in the same period last year. The consolidated net loss for the full year ended March 31, 2026, stood at ₹122.46 lakhs, compared to a net profit of ₹1,12,895.83 lakhs in the previous year, impacted by discontinued operations.
The company's financial results were accompanied by a qualified audit report from M/s. PRSV & Co. LLP, Chartered Accountants. Key qualifications relate to the overstatement of other equity and understatement of liabilities due to unwritten-off subordinate loans, default in repayment of term loans to IL&FS Financial Services Limited, and the lack of impairment for investments and loans in jointly controlled entities (Cyberabad Expressways Limited and Hyderabad Expressways Limited).
As per Note 8 of the standalone results, the company has entered into an agreement to sell its entire stake in HKR Roadways Limited to Cube Highways and Infrastructure V Pte Limited, with an expected completion date by June 30, 2026, subject to pre-disbursement conditions. Consequently, the investment in HKR Roadways Limited has been reclassified as 'Investments held for sale'.
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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.