AJR Infra and Tolling Limited (formerly Gammon Infrastructure Projects Limited) reported a marked improvement in its standalone profitability for the quarter ended June 30, 2026, with its net loss contracting significantly year-on-year. The Mumbai-based infrastructure firm saw its standalone revenue from operations more than double, rising 171% to ₹503.79 lakh from ₹186.03 lakh in the same quarter of FY26. This operational uptick helped reduce the standalone net loss after tax to ₹131.63 lakh, a sharp improvement from the ₹30,496.12 lakh loss recorded in the prior year.

However, the consolidated results present a contrasting picture. The group reported a consolidated net loss of ₹1,889.09 lakh for the quarter, reversing a profit of ₹1,11,092.96 lakh posted in the corresponding period of FY26. Consolidated income from operations fell drastically to ₹107.88 lakh from ₹2,130.76 lakh in the previous year. The Board of Directors approved these unaudited financial results at their meeting held on August 13, 2026, following review by the Audit Committee.

What the Numbers Show

The divergence between standalone and consolidated performance highlights the impact of subsidiary operations on the group’s overall bottom line. While the parent company generated positive operating income and narrowed its standalone loss, the consolidated entity reported a significant net loss despite higher reserves. The consolidated net worth stood at ₹18,917.64 lakh in equity share capital, but reserves remained negative at ₹1,04,388.33 lakh as per the audited balance sheet of the previous year. This suggests that while core standalone operations are stabilizing, legacy liabilities or losses within the consolidated group continue to weigh on the overall financial health.

Financial Highlights

On a consolidated basis, the key figures were:

The company filed these results pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The unaudited financial results are available on the company’s website and the stock exchanges.

AJR Infra & Tolling Limited (formerly Gammon Infrastructure Projects Limited) has re-appointed Mahendra Kumar Agrawala as an additional director in the category of independent director, effective October 31, 2023. The Board of Directors approved the appointment on the recommendation of the Nomination & Remuneration Committee, ensuring continuity in governance as Mr. Agrawala’s previous five-year tenure concluded on October 30, 2023. This filing was submitted to the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Approval and Regulatory Compliance

The re-appointment follows standard corporate governance procedures for independent directors in India. The company disclosed the change in board composition through a formal intimation to the listing exchanges. The decision aligns with the regulatory framework governing the tenure and re-appointment of independent directors, ensuring that the board maintains the required proportion of independent members.

Director Profile

Mahendra Kumar Agrawala brings over 35 years of experience to the board, with expertise spanning auditing, income tax, company law, and project management consultancy. He holds qualifications including B.Com (Hons), LLB, FCA, and DISA (ICA). His professional background includes three years of practical experience during his CA course and extensive involvement in private practice areas such as direct and indirect tax matters, service tax, tax and VAT audits, and internal or management audits.

Disclosure of Relationships

As per the disclosure requirements under Regulation 30 read with SEBI circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015, the company confirmed that Mr. Agrawala is not related to any other directors of AJR Infra & Tolling Limited. This ensures independence in his role on the board.