Gayatri Highways Limited Reports Audited Financial Results for Quarter and Year Ended March 31, 2026

Gayatri Highways Limited Reports Audited Financial Results for Quarter and Year Ended March 31, 2026​

Gayatri Highways Limited today announced the approval of its audited financial results for the quarter and year ended March 31, 2026, covering both standalone and consolidated reporting. The Board of Directors approved the results, which were submitted following the board meeting held on May 25, 2026. The company also issued a Qualified Opinion from its statutory auditors regarding the audited financial results for the period.

Standalone Financial Performance​

The audited Standalone Financial Results show the following key metrics for the quarter and year ended March 31, 2026.

The financial statements present the income and expense data in lakhs.

Consolidated Financial Performance​

The consolidated results for the quarter and year ended March 31, 2026, highlight the company’s comprehensive financial standing across its group entities.


Key Financial Highlights (Lakhs):

The year-end figures for Total Assets and Total Equity and Liabilities are as follows:

Audit Qualifications and Material Discrepancies​

The statutory auditors, M/s PRSV & Co. LLP, issued a Qualified Opinion regarding the financial results. The qualification is based on several material items affecting the accounting records of the Company.

Key areas of qualification include:

1. Zero Interest Subordinate Loan (ZISL) Write-off: The Company wrote back a ZISL payable to Gayatri Projects Limited (GPL) of Rs. 17,887.51 Lakhs during the financial year 2022-23. GPL confirmed a write-off of Rs. 13,411.00 Lakhs, while the remaining balance of Rs. 4,476.51 Lakhs is yet to be written off in GPL's books. Furthermore, the auditor noted a discrepancy in the non-interest-bearing loan due to GPL, where the Company's records show Rs. 4,556.60 Lakhs due, but GPL confirmed an amount of Rs. 4,896.21 Lakhs.
2. Outstanding Loan Defaults: The Company defaulted on the repayment of an outstanding term loan of Rs. 3,822.65 Lakhs and outstanding accumulated interest of Rs. 1,193.21 Lakhs (interest recognized until March 31, 2023) payable to IL&FS Financial Services Limited. The auditor stated that without balance confirmation from the lender, they could not comment on the carrying value or necessary adjustments for the term loan principle and outstanding interest.
3. Impairment of Investments: The auditor flagged required impairment provisions for joint ventures (JVEs) due to negative net worth and doubtful recovery.
* Cyberabad Expressways Limited (CEL): Due to a negative net worth of Rs. 12,864.50 Lakhs, the auditor advised that the Company’s exposure of Rs. 2,936.80 Lakhs (including investments and advanced loans) must be fully impaired.
* Hyderabad Expressways Limited (HEL): The auditor found that the loan advanced by HEL was doubtful of recovery, resulting in a reduction of HEL's net worth. Consequently, an impairment of Rs. 1,458.34 Lakhs was required against the Company's investment and receivables in HEL.

These non-impaired amounts represent understatements to the Loss for the year and other Comprehensive Income, and result in an overstatement of Other Equity by Rs. 4,395.14 Lakhs in the consolidated statement.

Statement of Cash Flows​

The Cash Flow Statement details the movement in cash and cash equivalents for the period.


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(Note: All financial figures for the quarter and year ended March 31, 2026, are reported in lakhs, unless otherwise stated.)

GAYAHWS Stock Price Movement​

Today, Gayatri Highways Limited shares edged higher, closing at ₹2.39, marking a significant 4.82% gain. The positive momentum was underpinned by robust trading activity, with the stock recording a volume of 372,399 shares.