Gayatri Highways Limited Signs Q1 Unaudited Financial Results; Auditor Resigns
Gayatri Highways Limited announced the signing of its Un-Audited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026. The results were approved by the Board of Directors at a meeting held on August 13, 2026, alongside the resignation of the company's statutory auditors.The company reported significant developments regarding its assets and finances during the period, including the ongoing sale of a stake in HKR Roadways Limited.
Financial Results Overview
The Un-Audited Standalone and Consolidated Financial Results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The results adhere to Indian Accounting Standards (Ind AS).Standalone Financial Performance (Quarter ended June 30, 2026)
Key figures from the Un-Audited Standalone Financial Results for the quarter are presented below:| Particulars | Quarter Ended 30th June 2026 (Unaudited) | Quarter Ended 31st March 2026 (Audited) | Quarter Ended 30th June 2025 (Unaudited) | Year Ended 31st March 2026 (Audited) |
|---|---|---|---|---|
| Total Income | 762.47 Lakhs | 1,512.35 Lakhs | 3,556.73 Lakhs | 5,205.83 Lakhs |
| Operating & Maintenance Expenses | 756.68 Lakhs | 1,334.22 Lakhs | 0.06 Lakhs | 1,495.84 Lakhs |
| Net Profit/(Loss) before tax and exceptional items | (274.02) Lakhs | (237.29) Lakhs | 3,157.88 Lakhs | 2,085.63 Lakhs |
Consolidated Financial Performance (Quarter ended June 30, 2026)
The Un-Audited Consolidated Financial Results for the first quarter also reflect a similar trend in top line income:| Particulars | Quarter Ended 30th June 2026 (Unaudited) | Quarter Ended 31st March 2026 (Audited) | Quarter Ended 30th June 2025 (Unaudited) | Year Ended 31st March 2026 (Audited) |
|---|---|---|---|---|
| Total Income | 762.47 Lakhs | 1,512.35 Lakhs | 3,556.73 Lakhs | 5,205.83 Lakhs |
| Total Expenses | 1,036.67 Lakhs | 1,749.84 Lakhs | 399.03 Lakhs | 3,121.29 Lakhs |
| Net Profit/(Loss) before tax and exceptional items | (274.20) Lakhs | (237.49) Lakhs | 3,157.70 Lakhs | 2,084.54 Lakhs |
Corporate Developments and Financial Notes
During the quarter ended June 30, 2026, the company reported several material developments:- Stake Sale: Gayatri Highways Limited entered an agreement to sell its entire stake in HKR Roadways Limited to Cube Highways and Infrastructure V Pte Limited (CUBE'). The sale agreement was signed on February 12, 2026, with an expected completion date of September 30, 2026, subject to pre-disbursement conditions. As a result, the investment in HKR Roadways Limited has been reclassified as Investments held for sale (under Current Assets).
- Debt Default: The company had defaulted on the repayment of Term Loan and interest amounting to Rs. 5,015.86 Lakhs, which remains outstanding as of June 30, 2026.
Auditor Changes
Gayatri Highways Limited confirmed the resignation of M/s. PRSV & Co. LLP, Chartered Accountants (Firm Registration No. S200016), Statutory Auditors of the Company. The resignation was effective from August 13, 2026. The firm cited increased professional pre-occupation in other assignments and manpower constraints as the reason for the resignation.GAYAHWS Stock Price Movement
Gayatri Highways Limited shares slipped today by 0.51% in post-market trading, settling at ₹1.97. The stock saw a traded volume of 280,980 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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