Gammon India FY26 results: loss widens, turnover up

Key takeaways from the FY26 filing

Gammon India Limited reported a wider standalone loss for FY 2025-26 even as turnover increased sharply year-on-year. On a consolidated basis, the company reported a lower loss compared with FY 2024-25, alongside higher turnover. The audited standalone and consolidated financial statements for the quarter and year ended March 31, 2026 were approved by the Board on May 30, 2026. The company also disclosed a scheduled board meeting on August 10, 2026 to approve Q1 FY 2026-27 unaudited results.

FY26 standalone performance: loss widens, turnover rises

For FY 2025-26, Gammon India reported a standalone net loss after tax of Rs. 1,189.01 crore, widening from Rs. 1,078.14 crore in FY 2024-25. Over the same period, standalone turnover increased to Rs. 85.18 crore from Rs. 21.23 crore. The company’s standalone profit before tax remained negative at (Rs. 1,188.60 crore) for FY26 versus (Rs. 1,109.64 crore) for FY25. These figures indicate that higher turnover did not translate into profitability over the year.

FY26 consolidated performance: loss narrows, turnover grows

On a consolidated basis, Gammon India reported a net loss after tax of Rs. 1,170.34 crore for FY 2025-26, compared with Rs. 1,192.34 crore in FY 2024-25. Consolidated turnover increased to Rs. 94.48 crore from Rs. 67.89 crore. Consolidated profit before tax was reported at (Rs. 1,159.24 crore) for FY26 versus (Rs. 1,223.69 crore) for FY25. The consolidated numbers show improvement in loss levels and turnover, based on the reported annual figures.

Annual financial snapshot (Standalone vs Consolidated)

Q4 FY26 (March 2026) updates highlighted by the company

For the quarter ended March 31, 2026, the company disclosed standalone total income of Rs. 8.57 crore and a loss before tax of Rs. 267.55 crore. In another reported quarterly extract for the same quarter, standalone revenue from operations was stated at Rs. 80.23 crore, compared with Rs. 0.11 crore in the previous quarter and Rs. 3.43 crore in the corresponding quarter of the previous year. The company also reported a standalone loss after tax of Rs. 267.68 crore for the quarter, compared with Rs. 318.18 crore in the previous quarter and Rs. 236.02 crore in the corresponding quarter of the previous year. The quarter-on-quarter change for PAT was reported at 15.87%, and the year-on-year change at (13.41%), as per the shared table.

Consolidated quarterly numbers: March 2026 versus March 2025

Reported consolidated quarterly numbers for Gammon India showed net sales of Rs. 80.41 crore in March 2026, up from Rs. 48.61 crore in March 2025. The same disclosure showed a quarterly net loss of Rs. 313.91 crore in March 2026 versus Rs. 164.22 crore in March 2025. EBITDA was reported at Rs. 38.18 crore in March 2026 compared with Rs. 108.28 crore in March 2025. The company’s table also showed net sales/income from operations of Rs. 1.74 crore in December 2025, highlighting volatility across quarters.

Quarterly trend points in the shared time-series

The consolidated quarterly series included interest costs staying elevated, including Rs. 341 crore in March 2026 and Rs. 346 crore in December 2025. The series also listed profit before tax at (Rs. 303 crore) for March 2026 and (Rs. 203 crore) for March 2025. EPS in the same series was shown at Rs. -8.46 for March 2026 and Rs. -4.44 for March 2025. Separately, a standalone Q3 FY2026 snapshot cited revenue of Rs. 3.51 crore, expenditure of Rs. 321.58 crore, net profit of (Rs. 318.17 crore), and OPM of -100.00%.

Board actions: audited results, director appointment, cost auditor

Gammon India stated that its board approved the audited standalone and consolidated financial statements for the quarter and year ended March 31, 2026 at a meeting held on May 30, 2026. The same meeting included the appointment of Ajay Bhatnagar as an Additional Director (Non-Executive, Independent Director). The board also appointed CMA Pradeep Damania as Cost Auditor for FY 2026-27, with remuneration noted as Rs. 70,000 (Rs. 0.007 crore).

Publication and upcoming result date

The company said the audited results approved on May 30, 2026 were published in The Free Press Journal and Navshakti on June 1, 2026, and that extracts of financial statements and the auditor’s unmodified opinion were available online. An upcoming result date was listed as 10 August 2026, with a board meeting planned on that date to approve Q1 FY 2026-27 unaudited standalone and consolidated results. This sets the next formal checkpoint for investors tracking quarterly movement in turnover, costs, and losses.

What investors typically watch next from these disclosures

From the information disclosed, the main reported FY26 changes were the sharp rise in turnover and the movement in loss levels between standalone and consolidated statements. The quarterly disclosures also highlight large swings in operating performance and sustained interest costs in the consolidated series. The next board meeting date is a defined event where fresh quarterly numbers will be reviewed and approved. Any updates will be linked to the unaudited Q1 FY 2026-27 standalone and consolidated results scheduled for board consideration on August 10, 2026.