Q1 FY26-27 Results: Going Concern Doubt, Net Worth Eroded
IL&FSENGG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IL&FS Engineering posted Q1 FY26-27 revenue of Rs 3,760 lakhs, down from Rs 4,122 lakhs YoY. Standalone net loss narrowed to Rs 4 lakhs from Rs 942 lakhs. Net worth is fully eroded with accumulated losses of Rs 3,60,022 lakhs. Auditor flagged material going concern uncertainty, qualified conclusion on consolidated results for missing MISA subsidiary data, and emphasis of matter on SFIO and ED investigations and non-recognition of about Rs 3,19,557 lakhs in interest. Resolution process pending.
Net worth fully eroded, going concern doubtful, heavy unresolved debt and ongoing investigations. Resolution process outcome critical for survival.