Quarterly Result30 Oct 2026, 06:33 pm
IITL Projects Declares Unaudited Q2 FY27 Results
AI Summary
IITL Projects Limited announced its Unaudited Standalone Financial Results for the quarter and half-year ended September 30, 2026. The Board of Directors approved these results along with the Limited Review Report. The company noted that its accumulated losses have eroded its net worth, and total liabilities exceed total assets, indicating it continues to be a not-going-concern. An impairment loss of ₹4.05 Crores related to an MOU cancellation was recognized in Q1 FY27, with ₹1.00 Crore reversed in Q2 FY27. The company is pursuing recovery of outstanding amounts.
Key Highlights
- Board approved Unaudited Standalone Financial Results for Q2 FY27.
- Accumulated losses have fully eroded net worth.
- Company continues to be a not-going concern.
- Impairment loss on MOU cancellation partially reversed.
- Financial statements prepared on a realizable value basis.
Price Impact
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