GVK Power & Infrastructure Limited Approves Audited Financial Results for FY 2026
GVK Power & Infrastructure Limited (GVKPIL) approved its audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026. The company's Board of Directors finalized the financial results, alongside the statutory auditor's report, during a board meeting held on May 29, 2026.The financial results provide a detailed overview of the company's performance and financial position across the fiscal year 2026, comparing performance to the year ended March 31, 2025.
Financial Highlights (Rs. in Lakhs)
The financial statements reveal significant changes in the company's revenue, expenses, and financial structure compared to the previous year.Standalone Financial Results Summary:
| Particulars | Year Ended March 31, 2026 (Audited) | Year Ended March 31, 2025 (Audited) |
|---|---|---|
| Total Income | 309 | 517 |
| Total Expense | 704.242 | 480 |
| Profit/(Loss) from Ordinary Activities after Tax | (103,893) | (32) |
| Total Comprehensive Income | 11,03,931 | 82 |
| Total Assets | 24,501 | 728,340 |
Consolidated Financial Results Summary:
| Particulars | Year Ended March 31, 2026 (Audited) | Year Ended March 31, 2025 (Audited) |
|---|---|---|
| Total Revenue from Operations | 80,216 | 9,053 |
| Total Expenses | 72,774 | 42,692 |
| Profit/(Loss) for the year attributable to the Company | (138,269) | 59,766 |
| Total Assets | 56,975 | 516,906 |
Key Financial Statements and Assets
The Consolidated Statement of Assets and Liabilities highlights the following movements in the Group's structure:| Particulars | As at March 31, 2026 (Audited) (Rs, In Lakhs) | As at March 31, 2025 (Audited) (Rs, In Lakhs) |
|---|---|---|
| Total Non-Current Assets | 18,483 | 702,620 |
| Total Current Assets | 6,018 | 25,720 |
| Grand Total (Assets) | 24,501 | 728,340 |
| Total Equity | (18,160) | 85,477 |
| Total Liabilities | 42,967 | 12,869 |
The cash flow data shows the following net cash generation:
| Particulars | Year Ended March 31, 2026 (Audited) (Rs. In Lakhs) | Year Ended March 31, 2025 (Audited) (Rs. In Lakhs) |
|---|---|---|
| Net cash generated from operating activities (A) | (303) | (111) |
| Net Cash flow from operating activities (A) (Consolidated) | 591 | 59,856 |
| Net increase/ (decrease) in Cash and Cash Equivalents (A+B+C) | 1,695 | (1,766) |
| Cash and Cash Equivalents at the end of the year | 4,432 | 2,737 |
Corporate Insolvency and Legal Status
GVKPIL remains under the Corporate Insolvency Resolution Process (CIRP) provisions of the Insolvency & Bankruptcy Code, 2016. The company has been admitted into CIRP vide NCLT order dated July 12, 2024, with the Interim Resolution Professional (IRP) appointed on July 12, 2024. The IRP was confirmed as the Resolution Professional (RP) on September 05, 2024.The resolution process involves receiving claims from financial creditors. The RP has admitted claims totaling Rs. 15,94,489 Lakhs for CIRP purposes. The Committee of Creditors (CoC) has rejected the two resolution plans received from prospective resolution applicants. The CoC subsequently resolved to re-initiate the CIRP process based on an asset-wise sale approach.
Ongoing Legal and Operational Status:
1. Global Guarantees and Debt: The Group provided guarantees and commitments for loans amounting to USD 1132.45 Million (Rs. 10,71,913 Lakhs) taken by GVK Coal Developers (Singapore) Pte. Limited. The GVK Coal lenders filed a claim in the England Court, which crystallized the amount payable by the defendants (GVKPIL and other guarantors) at USD 2.19 billion. However, a legal opinion indicates that the order passed by the England court cannot be enforced in India and is contrary to Indian substantive law.
2. Litigations and Investigations: The company is involved in multiple litigations. The Enforcement Directorate (ED) has filed a complaint before the City Court and Additional Session Judge, Greater Bombay regarding alleged money laundering. Separately, the CBI filed a charge sheet before the Chief Metropolitan Court, Mumbai, alleging siphoning of funds from Mumbai International Airport Limited (MIAL). In both cases, the proceedings are currently stayed by respective courts, and the matters are under active litigation.
3. Loss of Control: The Group has lost control over key subsidiaries, including GVK Energy Limited (GVKEL) and GVK Coal (Tokisud) Private Limited, effective May 06, 2025, leading to the deconsolidation of these assets and liabilities in the financial results.
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Disclaimer: This report is based solely on the information provided in the source documents. It is intended for informational purposes and does not constitute financial, investment, or legal advice.
GVKPIL Stock Price Movement
Today, GVK Power & Infrastructure Limited shares edged higher to close at ₹3.05, marking a positive gain of 0.98%. The stock settled on a buoyant note, supported by a total traded volume of 2.30 million shares.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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