Gammon India Q1 FY27 Net Loss Widens to Rs 370.15 Crore

Gammon India Limited reported a consolidated net loss of Rs 370.15 crore for the quarter ended June 30, 2026, while net sales increased 50% year on year to Rs 2.19 crore. The results underline the gap between the company’s small operating revenue base and the scale of its quarterly losses.

What did Gammon India report for Q1 FY27?

Gammon India reported consolidated net sales of Rs 2.19 crore in Q1 FY27, compared with Rs 1.46 crore in the corresponding quarter of FY26. The 50% year-on-year increase came from a low base, while the company reported a consolidated quarterly net loss of Rs 370.15 crore, against a loss of Rs 193.43 crore a year earlier.

The Q1 results were approved after a board meeting held on August 10, 2026, for the quarter ended June 30, 2026. Separate results summaries in the supplied disclosures describe the consolidated loss as about Rs 372 crore, while the reported quarterly figures state Rs 370.15 crore. This article uses the more precise reported figure where available.

How did the standalone business perform in the quarter?

Gammon India’s standalone net sales rose to Rs 1.87 crore in Q1 FY27 from Rs 0.68 crore in Q1 FY26. The reported increase was 175% year on year, again reflecting the low revenue base in the previous-year period.

Standalone net loss was Rs 288.77 crore, compared with Rs 288.82 crore in Q1 FY26. The near-flat loss comparison contrasts with the movement in consolidated loss. Standalone EBITDA was reported at Rs 3.55 crore for the quarter, compared with Rs 20.64 crore in the year-earlier period.

Why do the results show a large loss despite higher sales?

Gammon India’s reported figures show that the increase in quarterly sales was not sufficient to offset its costs and other charges. The supplied quarterly data show consolidated EBITDA at a negative Rs 22.39 crore, compared with Rs 124.50 crore in the corresponding prior-year quarter.

The company’s financial statements also show a high interest burden. The quarterly financial-data series lists interest expense of Rs 349 crore for June 2026, compared with Rs 318 crore for June 2025. In that same series, profit before tax was a loss of Rs 372 crore and net profit was a loss of Rs 373 crore for June 2026. These rounded figures are broadly consistent with the reported consolidated loss of about Rs 370 crore.

What is the background to Gammon India’s financial position?

The June-quarter loss follows a difficult FY26. Information related to Gammon India’s 104th annual general meeting stated that standalone turnover increased to Rs 85.18 crore from Rs 21.23 crore in the preceding year, while standalone net loss widened to Rs 1,189.01 crore from Rs 1,078.14 crore.

On a consolidated basis, FY26 turnover was stated at Rs 94.48 crore, up from Rs 67.89 crore in the previous year. Consolidated net loss was Rs 1,170.34 crore. The supplied context also refers to auditors flagging uncertainty related to the company’s ability to continue as a going concern in connection with the Q1 FY27 results. No further details of the auditor’s observations are provided in the source material.

What does the Q1 FY27 result mean for investors and operations?

For investors, the reported numbers point to continued financial stress: consolidated sales were Rs 2.19 crore, while the quarterly loss was Rs 370.15 crore. The result is also significant because interest expense shown in the quarterly data remains much larger than the reported operating revenue.

No share-price movement, order-book update, debt-restructuring action, or operating guidance was included in the supplied information. As a result, the available disclosures do not establish a market-price impact or confirm any change in project activity. They do, however, show that sales growth alone has not reduced the company’s reported losses.

What are the next disclosed corporate events for Gammon India?

Gammon India informed exchanges on November 3, 2026 that its board would meet on November 6, 2026. The stated purpose of the meeting is to consider and approve standalone and consolidated unaudited financial results for the quarter ended September 30, 2026, or Q2 FY27.

The company also disclosed that its Company Secretary and Compliance Officer, Roshni Kapshiwal, resigned effective September 30, 2026 for personal reasons. Gammon India said the board had been informed and required disclosures had been made. The Q2 result announcement will provide the next reported comparison of sales, losses and interest-related pressure.

Conclusion

Gammon India’s Q1 FY27 numbers show higher consolidated net sales of Rs 2.19 crore, but a much wider consolidated net loss of Rs 370.15 crore. The standalone result showed a sharp percentage increase in sales from a low base, while its net loss remained close to the prior-year level. The figures keep attention on the mismatch between revenue generation and the company’s loss and interest profile.

The next disclosed event is the November 6, 2026 board meeting for Q2 FY27 results. Investors will watch the announced financial statements for whether quarterly sales, operating performance, interest expense and consolidated losses changed after the June 2026 quarter.