IITL Projects Declares Unaudited Standalone Financial Results for Q2 FY27

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 accumulated losses have eroded its net worth, and total liabilities exceed total assets, indicating it is not a going concern. An impairment loss of ₹1.00 Crore was reversed during the quarter related to a property MOU cancellation, reducing the outstanding provision to ₹3.05 Crores. The company continues to pursue real estate development and related activities.