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GVK Power & Infrastructure Limited (GVKPIL)

₹2.17 +1.40% last close, 16 Oct

📊 NSE: GVKPIL 🏢 Engineering - Turnkey Services 📢 Latest filing: 30 Sep 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q4 FY26)

In its latest reported quarter, Q4 FY26, GVK Power's revenue was ₹0.0 Cr (-100.0% year on year), and net profit ₹-3.0 Cr (a smaller loss than a year earlier).

Q4 FY26 (₹ Cr)	Value	YoY vs Q4 FY25	QoQ
Revenue	₹0.0	-100.0%	—
Operating profit	₹-4.0	to loss	loss widened
Net profit	₹-3.0	loss narrowed	loss widened
EPS (₹)	-0.02	loss narrowed	loss widened

Full quarterly financials → Results calendar →

GVKPIL exchange data

NSE end-of-day data for Fri, 16 Oct 2026

It closed at a price band (circuit) on 16 sessions in about the last 20.

₹2.17NSE close · +1.40%

Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

GVK Power 32nd AGM: CoC Weighs Re-Initiating CIRP vs Liquidation After No Compliant Bids Received

🔴 NEGATIVE ⭐ 7/10

LEGAL 📅 30 Sep 2026, 01:43 PM

GVK Power & Infrastructure Limited disclosed proceedings from its 32nd AGM held on September 30, 2026. The Resolution Professional noted that after the initial round of CIRP rejected two non-compliant bids, a second asset-wise CIRP round failed to receive any compliant resolution plan within approved timelines. The Committee of Creditors (CoC) is currently deciding whether to initiate another round of CIRP or proceed with liquidation under the IBC. Meanwhile, routine AGM agenda items including adoption of FY26 financials and auditor appointments were put to a shareholder vote.

Resolution plans from 2 prospective applicants in round one were rejected by CoC as non-compliant.
Form G for asset-wise sale was issued on June 23, 2025, and July 8, 2025, but yielded no compliant final plan within deadlines.
CoC is now evaluating whether to launch another CIRP round or initiate formal liquidation.
Company has been under CIRP since July 12, 2024, with Board powers suspended under Section 17 of the IBC.
A total of 50 members attended the 32nd AGM conducted via video conference.

💡 Track CoC decisions regarding whether an application for liquidation is filed before the NCLT or if a fresh Expression of Interest (Form G) is issued.

GVK Power Schedules 32nd AGM for Sep 30, 2026; Approves Auditor & Director Re-appointments

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 28 Aug 2026, 12:23 PM

GVK Power & Infrastructure Limited (currently under CIRP) has scheduled its 32nd Annual General Meeting (AGM) for September 30, 2026, to adopt audited financial statements for FY26. The share transfer registers and register of members will remain closed from September 28 to September 30, 2026. The board also approved the re-appointment of Mr. P. V. Prasanna Reddy as Whole-time Director for a 3-year term starting November 14, 2026, and T R Chadha & Co LLP as Statutory Auditors for a 5-year term, both subject to shareholder approval.

32nd Annual General Meeting scheduled for September 30, 2026
Book closure fixed from September 28, 2026 to September 30, 2026
Re-appointment of Mr. P. V. Prasanna Reddy as Whole-time Director for 3 years w.e.f. November 14, 2026
Re-appointment of T R Chadha & Co LLP as Statutory Auditors for a 5-year term up to the 37th AGM

💡 Monitor voting outcomes at the upcoming AGM on September 30, 2026, alongside ongoing Corporate Insolvency Resolution Process (CIRP) developments.

GVKPIL Reports Q1 FY27 Consolidated Net Loss of ₹0.55 Cr; Standalone Impairment Hits ₹1,038 Cr

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 14 Aug 2026, 02:22 PM

GVK Power & Infrastructure, currently under Corporate Insolvency Resolution Process (CIRP), reported a consolidated net loss of ₹0.55 crore for Q1 FY27, a sharp reduction from the ₹1,377.36 crore loss in the year-ago period. However, the standalone results show a massive net loss of ₹1,038.48 crore, primarily driven by an impairment of non-current investments totaling ₹1,038.48 crore. Consolidated revenue remained stable at ₹80.53 crore, almost entirely derived from the Roads segment. The company continues to operate under significant financial stress with a negative net capital employed of ₹219.88 crore.

Consolidated revenue from operations stood at ₹80.53 Cr for the quarter ended June 30, 2026.
Standalone net loss reached ₹1,038.48 Cr due to a massive impairment charge on investments.
Roads segment was the sole revenue driver, contributing ₹82.60 Cr before inter-segment eliminations.
Consolidated net loss narrowed significantly to ₹0.55 Cr from ₹1,377.36 Cr in the same quarter last year.
Net Capital Employed remains negative at ₹-219.88 Cr, indicating liabilities far exceed assets.

💡 Investors should closely monitor the Corporate Insolvency Resolution Process (CIRP) proceedings and NCLT updates, as equity value is typically at high risk during liquidation or debt restructuring.

GVK Power & Infrastructure Submits Routine SEBI Regulation 74(5) Certificate for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jul 2026, 11:53 AM

GVK Power & Infrastructure Limited has filed its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended June 30, 2026. The certificate, issued by KFin Technologies, confirms that securities dematerialized or rematerialized during the period have been reported to the stock exchanges. The company remains under the Corporate Insolvency Resolution Process (CIRP), as indicated in the filing. This is a standard administrative requirement and does not impact the company's ongoing financial restructuring or operational status.

Compliance certificate issued for the quarter ended June 30, 2026
Registrar KFin Technologies Limited confirmed processing of demat/remat requests
Company is currently under Corporate Insolvency Resolution Process (CIRP)
TTM Revenue stands at ₹81 Cr with a significant TTM PAT loss of ₹1,383 Cr
Net worth remains negative at ₹-185 Cr as per latest financial context

💡 Investors should monitor the progress of the Corporate Insolvency Resolution Process (CIRP) and debt resolution updates rather than routine administrative filings.

GVK Power to Close Trading Window from July 1, 2026, for Q1 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Jun 2026, 01:17 PM

GVK Power & Infrastructure Limited (GVKPIL) has announced the closure of its trading window for all insiders and designated employees starting July 1, 2026. This closure is a mandatory compliance step under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the financial results are officially declared. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP).

Trading window closure begins on July 1, 2026, for all designated persons.
Closure is in anticipation of financial results for the quarter ended June 30, 2026.
The window will reopen 48 hours after the declaration of the quarterly results.
The company is currently under the Corporate Insolvency Resolution Process (CIRP).

💡 This is a routine regulatory filing with no direct impact on stock valuation; investors should focus on the upcoming financial results and CIRP updates.

GVK Power Reports Massive FY26 Consolidated Loss of ₹1,383 Cr; Revenue Plummets 89%

🔴 NEGATIVE ⭐ 9/10

EARNINGS 📅 29 May 2026, 04:37 PM

GVK Power & Infrastructure reported a disastrous financial performance for FY26, swinging to a consolidated net loss of ₹1,382.69 crore from a profit of ₹597.61 crore in the previous year. Revenue from operations collapsed by 88.7% to ₹90.53 crore, primarily due to a near-total shutdown of revenue in the power segment. The bottom line was further crippled by exceptional items amounting to ₹1,042.56 crore. As the company is currently under the Corporate Insolvency Resolution Process (CIRP), its operational and financial stability remains highly compromised.

Consolidated revenue from operations fell sharply to ₹90.53 crore in FY26 from ₹802.16 crore in FY25.
Swung to a massive consolidated net loss of ₹1,382.69 crore against a profit of ₹597.61 crore in the previous fiscal.
Exceptional items totaling ₹1,042.56 crore significantly impacted the consolidated results.
Power segment revenue crashed from ₹830.30 crore in FY25 to just ₹82.60 crore in FY26.
The company remains under Corporate Insolvency Resolution Process (CIRP) as per the Insolvency & Bankruptcy Code.

💡 Investors should exercise extreme caution as the company is under insolvency proceedings, which often results in significant or total equity wipeout for retail shareholders. Avoid any new positions until a final resolution plan is approved and its impact on existing equity is clearly defined.

NCLT Admits GVK Power Subsidiary GVK Coal (Tokisud) for Insolvency Proceedings

🔴 NEGATIVE ⭐ 8/10

LEGAL 📅 13 May 2026, 03:25 PM

The NCLT Hyderabad Bench has admitted an application to initiate the Corporate Insolvency Resolution Process (CIRP) against GVK Coal (Tokisud) Company Private Limited, a subsidiary of GVK Power & Infrastructure Limited. This action was taken under the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Dhaval Jitendrakumar Mistry has been appointed as the Interim Resolution Professional (IRP) to manage the subsidiary's affairs. This development is particularly concerning as the parent company, GVKPIL, is also currently undergoing its own CIRP process.

NCLT Hyderabad Bench initiated CIRP against subsidiary GVK Coal (Tokisud) Company Private Limited.
Mr. Dhaval Jitendrakumar Mistry appointed as the Interim Resolution Professional (IRP).
The proceedings are governed by the provisions of the Insolvency and Bankruptcy Code, 2016.
Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should exercise extreme caution as both the parent company and its subsidiary are now in insolvency proceedings, which typically leads to significant equity dilution or total loss. Monitor NCLT updates regarding the resolution plan and asset liquidation.

GVK Power & Infrastructure Submits Quarterly SEBI Compliance Certificate for March 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 14 Apr 2026, 03:17 PM

GVK Power & Infrastructure Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate, issued by KFin Technologies Limited, confirms that securities dematerialized or rematerialized during this period have been processed and reported to the stock exchanges. The filing also notes that the company is currently under the Corporate Insolvency Resolution Process (CIRP). This is a standard procedural disclosure required for listed entities to maintain regulatory compliance.

Quarterly compliance certificate submitted for the period ending March 31, 2026.
Confirmation provided by Registrar and Share Transfer Agent (RTA), KFin Technologies Limited.
Covers dematerialization and rematerialization of securities under SEBI Regulation 74(5).
The company remains under the Corporate Insolvency Resolution Process (CIRP).

💡 This is a routine regulatory filing with no impact on the company's fundamentals. Investors should continue to monitor updates regarding the CIRP process for material developments.

GVK Power & Infrastructure Announces Trading Window Closure from April 1, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Mar 2026, 12:45 PM

GVK Power & Infrastructure Limited (GVKPIL) has notified the exchanges regarding the closure of its trading window starting April 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the Q4 and FY2026 financial results. The window will remain closed for all designated persons and insiders until 48 hours after the results are declared. It is important to note that the company is currently under the Corporate Insolvency Resolution Process (CIRP).

Trading window for dealing in securities to be closed effective from April 1, 2026.
Closure is related to the declaration of financial results for the quarter and year ending March 31, 2026.
The window will reopen 48 hours after the financial results are officially announced.
The company is currently operating under the Corporate Insolvency Resolution Process (CIRP).

💡 This is a routine regulatory announcement with no immediate impact on stock fundamentals. Investors should focus on the upcoming financial results and developments regarding the CIRP proceedings.

GVK Power Reports Q3 Consolidated Net Loss of ₹17.28 Cr; Remains Under CIRP

🔴 NEGATIVE ⭐ 9/10

EARNINGS 📅 13 Feb 2026, 01:57 PM

GVK Power & Infrastructure, currently under the Corporate Insolvency Resolution Process (CIRP), reported a consolidated net loss of ₹17.28 crore for Q3 FY26, a sharp reversal from a profit of ₹807.98 crore in the year-ago period. The company's standalone nine-month loss stands at a massive ₹1,038.84 crore, primarily due to a ₹1,039.89 crore impairment of non-current investments. Total consolidated income for the quarter plummeted to ₹2.26 crore from ₹78.77 crore YoY, following the loss of major airport assets to the Adani Group. The group faces severe financial distress with liabilities significantly exceeding assets and outstanding guarantees for overseas coal projects amounting to approximately ₹10,182.97 crore.

Consolidated Q3 net loss of ₹17.28 crore vs a profit of ₹807.98 crore in Q3 FY25.
Standalone nine-month loss reached ₹1,038.84 crore driven by a ₹1,039.89 crore impairment charge.
Total consolidated income for the quarter fell to ₹2.26 crore from ₹78.77 crore YoY.
Outstanding guarantees for GVK Coal Developers (Singapore) total USD 1,132.45 million (~₹10,182.97 crore).
Company is currently under CIRP with significant doubt on its ability to continue as a going concern.

💡 Investors should exercise extreme caution as the company is in insolvency proceedings and equity value may be at risk of total erosion. Avoid any fresh exposure until the resolution plan provides clarity on the treatment of existing equity shareholders.

GVK Power & Infrastructure Convenes 26th Committee of Creditors Meeting Under CIRP

🔵 WATCH ⭐ 7/10

LEGAL 📅 10 Feb 2026, 11:59 AM

GVK Power & Infrastructure Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), held its 26th Committee of Creditors (COC) meeting on February 10, 2026. The meeting was conducted via online mode to provide updates on the ongoing resolution process of the corporate debtor. As the company is under CIRP, the management is currently overseen by a Resolution Professional, and the outcome of these meetings is critical for determining the company's future viability. Investors should be aware that the resolution process is at an advanced stage given the high number of COC meetings held.

26th meeting of the Committee of Creditors (COC) held on February 10, 2026
Meeting conducted through online mode at 3:30 PM IST to update on the resolution process
Company continues to operate under the Corporate Insolvency Resolution Process (CIRP) framework
Compliance filed under Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

💡 Investors should remain extremely cautious as the company is in insolvency; equity shareholders typically face significant haircuts or complete wipeouts in CIRP outcomes. Monitor for any announcements regarding the approval of a specific resolution plan by the COC and NCLT.

GVK Power & Infrastructure Files Routine SEBI Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Jan 2026, 12:33 PM

GVK Power & Infrastructure Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document confirms that the Registrar and Share Transfer Agent, KFin Technologies, has processed all dematerialization and rematerialization requests for the quarter ended December 31, 2025. This filing is a standard administrative requirement for listed entities. Investors should remain aware that the company is currently undergoing the Corporate Insolvency Resolution Process (CIRP).

Compliance certificate filed for the quarter ended December 31, 2025
Registrar KFin Technologies confirmed processing of securities dematerialization
Company remains under the Corporate Insolvency Resolution Process (CIRP)

💡 This is a routine regulatory filing with no impact on the company's fundamentals. Investors should prioritize monitoring developments related to the ongoing insolvency resolution process.

GVK Power & Infrastructure Announces Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Dec 2025, 11:18 AM

GVK Power & Infrastructure Limited (GVKPIL) has notified the stock exchanges regarding the closure of its trading window starting January 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations for the upcoming financial results for the quarter and nine months ending December 31, 2025. The window will remain closed for all designated persons and insiders until 48 hours after the results are officially declared. It is important to note that the company is currently undergoing the Corporate Insolvency Resolution Process (CIRP).

Trading window closure effective from January 1, 2026, for all insiders and designated employees.
Closure pertains to the financial results for the quarter and nine months ending December 31, 2025.
The window will reopen 48 hours after the formal declaration of the financial results.
The company remains under the Corporate Insolvency Resolution Process (CIRP) as per the filing.

💡 This is a routine regulatory filing with no direct impact on the company's valuation. Investors should continue to monitor the CIRP proceedings and the upcoming financial results for fundamental updates.

View All GVKPIL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Standalone total operating income grew 11.15% YoY to INR 98.15 Cr in FY19 from INR 88.30 Cr in FY18, primarily driven by consultancy services and interest income from financial guarantees. Consolidated revenue grew 13.78% to INR 3,455.20 Cr in FY18 from INR 3,036.85 Cr in FY17.

Geographic Revenue Split

Not disclosed in available documents; however, operations are primarily based in India (Hyderabad, Mumbai, Punjab) with associate interests in Singapore (GVK Coal Developers).

Profitability Margins

Standalone PAT margin for FY19 was 116% (INR 113.94 Cr) compared to a negative margin in FY18 (Loss of INR 36.08 Cr), though this was inflated by a non-cash tax reversal of INR 80.47 Cr. Consolidated net loss was INR 537.37 Cr in FY18 due to subdued operations and high finance costs.

EBITDA Margin

Standalone PBILDT margin improved to 44.93% (INR 44.10 Cr) in FY19 from a negative margin in FY18 (Loss of INR 4.82 Cr). Core profitability remains under pressure due to high interest obligations.

Capital Expenditure

Not disclosed in available documents; however, the group recognized a massive exceptional loss of INR 1,041.58 Cr in Q1 FY26 due to the deconsolidation of GVK Energy Limited assets.

Credit Rating & Borrowing

The company carries a 'CARE D' (Default) rating as of December 2018 for bank facilities totaling INR 201.32 Cr due to persistent delays in debt servicing and a stretched liquidity position.

⚙️ Operational Drivers

Raw Materials

Coal and water for power generation; bitumen, stone aggregates, and steel for road construction. Specific cost percentages for each are not disclosed.

Import Sources

Coal was historically sourced from Australia (via GVK Coal Developers Singapore) and domestic mines like Tokisud; however, control over these assets has been lost due to insolvency proceedings.

Key Suppliers

Not disclosed in available documents; however, lenders like Phoenix ARC, Edelweiss, and ARCIL are primary financial 'suppliers' of capital currently in dispute.

Capacity Expansion

Current capacity is declining as the group lost control of GVK Energy Limited (May 2025) and its Airport vertical (July 2021). No new expansions are planned as the company is under financial stress.

Raw Material Costs

Not disclosed in available documents; however, finance costs and depreciation were cited as the primary drivers for the INR 537.37 Cr consolidated loss in FY18.

Manufacturing Efficiency

Capacity utilization is severely impacted; the group reported that one subsidiary project has been terminated and is following a liquidation basis of accounting.

📈 Strategic Growth

Expected Growth Rate

Growth Strategy

The company has no clear growth strategy and is currently in a divestment and liquidation phase. It lost control of its airport business to Adani Airport Holdings in 2021 and its energy business to CIRP in 2025. Strategy is limited to legal defense against CBI/ED investigations and attempting to maintain 'going concern' status through the insolvency process.

Products & Services

Consultancy services, power generation (historically), and road infrastructure management (GVK Jaipur Expressway).

Brand Portfolio

GVK, GVK ONE.

New Products/Services

No new products or services are planned; the focus is on debt resolution.

Market Expansion

None; the company is exiting major markets like Airports and Power.

Market Share & Ranking

The company has lost its leading position in the private airport and power sectors following the divestment of MIAL and the insolvency of GVKEL.

Strategic Alliances

Historical alliance with Adani Airport Holdings Limited (AAHL) for debt acquisition and security transfers; however, this resulted in the loss of the airport vertical.

🌍 External Factors

Industry Trends

The infrastructure sector is shifting toward consolidation by larger players (like Adani); GVKPIL is poorly positioned as it is losing its flagship assets to insolvency and debt settlements.

Competitive Landscape

Key competitors like Adani Group have acquired GVK's prime assets (MIAL), leaving GVKPIL with a depleted portfolio of stressed assets.

Competitive Moat

The company's moat (experienced promoters and diversified infra portfolio) has eroded due to defaults and legal investigations. The 'GVK' brand is currently associated with financial distress and regulatory scrutiny.

Macro Economic Sensitivity

Highly sensitive to interest rate fluctuations and credit availability; current liabilities exceed assets significantly, making the company vulnerable to any tightening of liquidity.

Consumer Behavior

Not applicable as the company is a B2B/Government-linked infrastructure holding firm.

Geopolitical Risks

Exposure to Australian regulatory and environmental clearances for coal projects, which have stalled and led to full impairment of INR 790.48 Cr in investments.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to the Insolvency and Bankruptcy Code (IBC), with GVKEL admitted into CIRP as of May 6, 2025. Electricity industry regulations and PMLA (Prevention of Money Laundering Act) are also critical.

Environmental Compliance

Not disclosed in available documents; however, environmental clearances are a cited hurdle for the GVK Coal project in Australia.

Taxation Policy Impact

The company benefited from a non-cash tax reversal of INR 80.47 Cr in FY19, which was the sole reason for its standalone net profit.

Legal Contingencies

Pending investigations by the CBI and ED regarding alleged irregularities, conflict of interest, and money laundering at MIAL. The group also faces a claim in the High Court of Justice in England and Wales by lenders of GVK Coal Developers.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the 'Going Concern' status; auditors issued a disclaimer because liabilities are much higher than assets and the group has defaulted on most loan repayments.