Gayatri Projects Q1FY25: Net Loss Widens to ₹1,640 Crore
Gayatri Projects Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2024. The company reported a total income of ₹12,051.22 Lakhs for the quar...
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Why is Gayatri Projects Limited in the news today?
Gayatri Projects Limited (GAYAPROJ) is in the news due to the company reported a significant increase in net loss for the quarter compared to the previous year, indicating a negative financial performance.
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Gayatri Projects Q1FY25: Net Loss Widens to ₹1,640 Crore
December 29, 2025, 08:35 AM
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Gayatri Projects Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2024. The company reported a total income of ₹12,051.22 Lakhs for the quarter, a decrease from ₹18,578.40 Lakhs in the same quarter last year. The net loss after tax for the quarter stood at ₹1,640.20 Lakhs, compared to a loss of ₹735.18 Lakhs in the corresponding quarter of the previous year. The company's operations primarily consist of construction activities.
The financial results were approved by the Board of Directors on December 29, 2025. The Board meeting commenced at 11:30 a.m. and concluded at 2:00 p.m.
The company has been undergoing Corporate Insolvency Resolution Process (CIRP) since November 15, 2022, which was subsequently withdrawn on September 10, 2025, after the promoters submitted a One-time full & final debt settlement (OTS) proposal. The management affairs of the company have been vested back with the promoters since September 16, 2025. The company has paid the entire fund-based amount as per the OTS proposal.
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