GVK Power & Infrastructure Q3 FY26 Results: Significant Losses Continue Amidst CIRP
GVK Power & Infrastructure Limited reported significant losses for Q3 FY26. Standalone net loss was ₹1,03,884 crore for the nine months ended December 31, 2025. Consolidated net loss stood at ₹1,04,256 crore for the same period. The company remains under CIRP with substantial accumulated losses and ongoing litigations.
The announcement details significant financial losses and the ongoing critical insolvency process, which has a material impact on the company's financial health and future operations.
The company reported substantial financial losses and continues to be under Corporate Insolvency Resolution Process (CIRP), with significant uncertainties and litigations impacting its going concern ability.
GVK Power & Infrastructure Limited announced its un-audited financial results for the third quarter and nine months ended December 31, 2025. The company reported significant losses on both standalone and consolidated bases. The Board Meeting commenced at 11:30 a.m. and concluded at 1:15 p.m. on February 13, 2026.
The standalone financial results for the quarter ended December 31, 2025, show a total income of ₹66.12 crore and total expenses of ₹1,99,989 crore, resulting in a net loss of ₹1,03,884 crore. For the nine months ended December 31, 2025, total income was ₹274.15 crore, with total expenses amounting to ₹84,120 crore, leading to a net loss of ₹1,03,884 crore.
On a consolidated basis, for the quarter ended December 31, 2025, the company reported total income of ₹226.73 crore and total expenses of ₹32,275.80 crore, resulting in a net loss of ₹33,711 crore. For the nine months ended December 31, 2025, total income was ₹743.24 crore, with total expenses of ₹5,713.80 crore, leading to a net loss of ₹1,04,256 crore.
The company continues to be under Corporate Insolvency Resolution Process (CIRP) as per the provisions of the Insolvency & Bankruptcy Code, 2016. The financial statements highlight accumulated losses, liabilities significantly exceeding assets, and defaults in loan repayments. Various litigations and uncertainties surrounding projects and guarantees cast significant doubt on the company's going concern ability. The Resolution Professional (RP) has taken possession of all assets, and the Committee of Creditors (CoC) has rejected resolution plans, leading to the re-initiation of the CIRP process on an asset-wise sale approach.
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