IITL Projects Q1 loss Rs 379L, going concern doubt raised

Going ConcernEmphasis Of MatterPat NegativeNegative Operating CashflowResults View source PDF Explain this filing

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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 reported a Q1 FY27 net loss of Rs 379.24 lakhs versus a profit of Rs 18.15 lakhs in Q1 FY26. Total income was Rs 44.40 lakhs (vs Rs 47.74 lakhs). The loss was driven by a Rs 405.05 lakhs impairment on a property advance after a cancelled MOU. Accumulated losses of Rs 903.01 lakhs have eroded net worth fully, and the company is no longer treated as a going concern. Board also appointed CS Payal Vyas as Secretarial Auditor for FY27.

Likely market impact

Severely negative. Going concern doubt, fully eroded net worth, and large impairment loss raise serious solvency concerns for shareholders.