IVRCL Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.

IVRCL Limited, which has been under liquidation since a July 2019 NCLT order, filed its Q1 FY26 standalone results approved by the Liquidator. Revenue from operations was Rs. 726.53 lakhs, up from Rs. 620.51 lakhs a year ago, but total income fell sharply from Rs. 1,514.41 lakhs to Rs. 912.35 lakhs due to much lower other income. The company reported a net loss of Rs. 85,201.22 lakhs for the quarter, driven almost entirely by Rs. 84,607.26 lakhs in finance costs, taking accumulated losses to over Rs. 21,39,107 lakhs (Rs. 21,391 crore) with net worth fully eroded. The auditor (Chaturvedi & Co. LLP) issued a Disclaimer of Opinion, stating they could not obtain sufficient evidence on matters including deferred tax recognition, trade receivables of Rs. 1,57,860 lakhs, investments of Rs. 1,83,437 lakhs in subsidiaries, and pending claim reconciliations. The successful bidder from the 2021 e-auction (Mr. Ponguleti Prasad Reddy) defaulted on payments, paying only Rs. 100 crores of the Rs. 1,150 crores due, and the bid process was cancelled in July 2023 with litigation ongoing.