Declaration of Audited Standalone & Consolidated Financial Statements for the Quarter and Financial Year ended 31st March 2026
IL&FSENGG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IL&FS Engineering reported FY26 standalone revenue of Rs 6,985 Lakhs, down sharply from Rs 18,792 Lakhs in FY25, indicating severe business decline as existing projects near completion. The company posted a standalone net profit of Rs 1,009 Lakhs (vs loss of Rs 488 Lakhs last year) and consolidated net profit of Rs 133 Lakhs. Auditors issued an unmodified opinion on standalone but a qualified opinion on consolidated financials due to exclusion of subsidiary Maytas Infra Saudi Arabia. A material uncertainty over going concern was flagged—the company has accumulated losses of Rs 3,60,018 Lakhs with fully eroded net worth and current liabilities exceeding current assets by Rs 3,84,308 Lakhs. Interest expense of Rs 46,044 Lakhs for FY26 (Rs 3,08,033 Lakhs aggregate) was not recognized per NCLAT resolution framework. The company is under SFIO/ED investigations. A resolution plan bid has been approved by Committee of Creditors and awaits NCLT approval.
The stock remains extremely high-risk due to going concern uncertainty, qualified audit opinion, ongoing regulatory investigations, and dependence on resolution plan approval. Revenue collapse and eroded capital base limit near-term upside despite small profit reported.