Gammon India’s Q1 loss was driven by a Rs 349.25 cr interest burden
Revenue of Rs 2.19 cr did not cover Rs 25.26 cr of expenses, leaving operating margin at -1053.42%.
Filed 10 Aug 2026, 14:16 IST · GAMMONIND (GAMMONIND)
Key takeaways
- Consolidated Q1FY27 ended with a net loss of Rs 372.75 cr, as interest expense reached Rs 349.25 cr.
- Revenue of Rs 2.19 cr did not cover Rs 25.26 cr of expenses, producing an operating loss of Rs 23.07 cr.
- The company reported a Rs 0.71 cr tax charge despite a Rs 372.04 cr pretax loss, resulting in a -0.19% tax rate.
Operating loss despite Rs 2.19 cr revenue
The consolidated quarter was loss-making at the operating level because Rs 25.26 cr of expenses exceeded Rs 2.19 cr of revenue. That gap resulted in an operating loss of Rs 23.07 cr and an operating margin of -1053.42%.
Interest expense overwhelmed the operating result
Interest expense of Rs 349.25 cr was the dominant charge below operating profit and drove profit before tax to a loss of Rs 372.04 cr. Other income of Rs 0.68 cr was too small to offset the operating loss and finance cost.
Tax charge added to the reported loss
The company reported a Rs 0.71 cr tax charge even though it recorded a pretax loss of Rs 372.04 cr. The resulting tax rate was -0.19%, so the net loss widened to Rs 372.75 cr.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹2 cr |
| Other income | ₹1 cr |
| Expenses | ₹25 cr |
| Operating profit | ₹-23 cr |
| Operating margin (%) | -1053.42% |
| Interest | ₹349 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹-372 cr |
| Tax | ₹1 cr |
| Net profit | ₹-373 cr |
| EPS (₹) | ₹-10.04 |
What to watch
- Whether revenue improves from Rs 2.19 cr while expenses move below Rs 25.26 cr.
- Whether interest expense falls from Rs 349.25 cr.
- Whether operating margin improves from -1053.42%.