Declaration of Audited Financial Results for FY 2025-26
IL&FSENGG · price
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IL&FS Engineering and Construction Company Limited has declared audited financial results for FY 2025-26 (year ended March 31, 2026). The company reported standalone total income of Rs. 25,117 Lakhs, down significantly from Rs. 37,233 Lakhs in the previous year (approximately 32.6% decline). Standalone net profit came in at Rs. 735 Lakhs compared to a loss of Rs. 2,757 Lakhs in FY 2024-25. On a consolidated basis, total income was Rs. 25,819 Lakhs with net profit of Rs. 133 Lakhs versus a loss of Rs. 488 Lakhs previously. The auditors issued an unmodified opinion on standalone financials but a qualified opinion on consolidated financials due to exclusion of an overseas subsidiary (Maytas Infra Saudi Arabia). Both standalone and consolidated auditors raised material uncertainty regarding going concern given accumulated losses of Rs. 3,60,018 Lakhs, eroded net worth, and current liabilities exceeding current assets by Rs. 3,84,308 Lakhs. The company has not recognized interest expense of Rs. 46,044 Lakhs for the year (aggregate Rs. 3,08,033 Lakhs) as per NCLAT resolution framework.
The results show marginal improvement from heavy losses but revenue has declined sharply. The qualified audit opinion on consolidated results and ongoing going concern doubts signal high financial distress. The stock remains risky due to unresolved IL&FS group debt resolution, regulatory investigations by SFIO and ED, and uncertainty over balance confirmations.