Q1 FY27 results approved with qualified auditor review - going concern doubt
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IL&FS Investment Managers Q1 FY27 results approved. Standalone loss of Rs. 139.25 lakh as no fee income earned (existing funds expired). Consolidated profit of Rs. 121.23 lakh includes Rs. 249.06 lakh one-time recovery of ICD previously written off. Auditor issued qualified opinion on both standalone and consolidated results due to ongoing SFIO investigation and Rs. 1,221.38 lakh unbilled revenue at subsidiary APUIAML. Going concern doubt flagged on standalone and group basis. Sale of IL&FS stake in company is underway.
Standalone losses, going concern flags, and qualified auditor opinion raise serious concerns. Stake sale process may drive future outcome.