Quarterly financial Results Dec-25
Awaiting price reaction for this filing.
IVRCL Limited, which has been under NCLT liquidation since July 2019, reported a net loss of Rs. 93.79 crores for Q3 FY26 and Rs. 269.26 crores for the nine months ended Dec 31, 2025, against losses of Rs. 56.62 crores and Rs. 226.46 crores in the corresponding prior-year periods. Total income collapsed to Rs. 3.58 crores in Q3 from Rs. 16.68 crores in Q3 FY25, while 9M income fell to Rs. 46.19 crores from Rs. 56.39 crores. Finance costs of Rs. 267 crores for 9 months continue to drive the losses, with accumulated losses swelling to Rs. 2,323 crores and net worth fully eroded. The statutory auditor (Chaturvedi & Co. LLP) issued a Disclaimer of Conclusion, citing multiple material uncertainties including recoverability of receivables, deferred tax recognition, pending confirmation of balances, and unresolved disputes.
The auditor's disclaimer of conclusion and complete erosion of net worth signal extreme financial distress. The pending sale to the successful bidder remains stalled due to non-payment, leaving liquidation outcome uncertain. Shareholders face continued dilution of value with no near-term path to recovery.