IITL Projects Q1 FY27 net loss Rs 379 lakh, going concern doubt flagged

Going ConcernEmphasis Of MatterPat NegativeExceptional ItemRevenue DeclineResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-5.0%Reaction day

₹55.23

prior close

₹55.18

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-6.3% vs market

Residential, Commercial Projects peers, median of 51sector-0.0%-5.0% vs sector

On the reaction day the stock moved 6.3 pts less than Nifty Microcap 250 and 5.0 pts less than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-4.9

10m

-4.9

15m

-4.9

30m

-4.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.0+1.3-6.3-0.0-5.0

Next day

-9.7+1.6-11.4-0.1-9.7

-11.8+1.7-13.5+1.2-13.0

-14.0+1.6-15.6+0.0-14.0

-14.0+1.5-15.4+0.4-14.4

-17.3+1.8-19.1-0.6-16.7

-18.1+2.1-20.2-1.3-16.8

15d

-2.6+3.2-5.8-2.0-0.6

-9.5+3.7-13.2-3.2-6.2

-14.8+1.1-15.9-6.1-8.7

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UpDownMarket · Nifty Microcap 250Sector · Residential, Commercial Projects peers, median of 51Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

IITL Projects posted a net loss of Rs 379.24 lakh in Q1 FY27 against a profit of Rs 18.15 lakh a year ago, mainly due to a Rs 4.05 crore impairment on an overdue property advance after a cancelled deal. Revenue from operations stayed at zero. Net worth is fully eroded as accumulated losses of Rs 903 lakh exceed paid-up capital. Auditor flagged going concern doubts in an emphasis of matter and prepared statements on a realisation basis. Board also appointed CS Payal Vyas as Secretarial Auditor for FY26-27.

Likely market impact

Serious red flags for shareholders: going concern doubt, fully eroded net worth, and a large impairment loss from a stuck refund raise solvency concerns.