Annual Report-2024-25
IL&FSENGG · price
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IL&FS Engineering and Construction Company Limited (IECCL) filed its 36th Annual Report for FY 2024-25. Revenue from operations rose to Rs. 321.38 Cr from Rs. 258.54 Cr in FY24, while total income stood at Rs. 372.33 Cr. Despite revenue growth, the company reported a loss after tax of Rs. (4.92) Cr, an improvement from Rs. (77.19) Cr loss in FY24, aided by a lower exceptional item of Rs. (27.57) Cr. EPS was Rs. (0.38) versus Rs. (5.89) previously. The company continues to default on existing loans and is operating under the NCLAT-approved Resolution Framework for the IL&FS group, which restricts it from bidding for new projects except on a back-to-back basis to maintain going-concern status. The closing order book stood at Rs. 635 Cr. No dividend has been recommended, and there was no change in share capital.
While revenue growth of ~24% is positive, the company remains loss-making and structurally dependent on the ongoing IL&FS group resolution under NCLAT. Shareholders continue to face uncertainty on debt resolution outcomes, no dividend, and no equity upside until the resolution process concludes. Limited near-term catalysts beyond the ongoing legal/creditor process.