The Board of Directors of IL&FS Investment Managers Limited ('the Company') at its meeting held today, i.e. May 30, 2026, inter alia, approved the Audited Consolidated Financial Statements/Financial ....
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The Board approved audited consolidated financial results for FY 2025-26 with a Qualified Opinion from auditors. Revenue grew 40% to Rs. 6,553.18 lakh, but profit after tax fell 66% to Rs. 478.75 lakh from Rs. 1,424.37 lakh. Auditors flagged ongoing SFIO investigation against IL&FS group, unbilled revenue of Rs. 1,036.61 lakh (with Rs. 600.81 lakh outstanding over a year) in subsidiary APUIAML, and non-recognition of provisions for penalties and gratuity. A material uncertainty exists regarding going concern as the holding company generates no fee income after fund tenures ended, and subsidiaries face revenue decline. The IL&FS resolution plan involves sale of stake, with Expression of Interest process underway.
The qualified opinion, going concern uncertainty, and 66% profit decline despite revenue growth signal significant risk. Shareholders should monitor the SFIO investigation outcome and IL&FS stake sale process. The company declared a dividend of Rs. 0.70 per share.