Quarterly Result22 May 2026, 09:31 pm
IITL Projects Ltd Reports FY26 Net Profit of ₹125.23 Lakhs
AI Summary
IITL Projects Ltd's Board of Directors approved the annual audited standalone financial results for the quarter and financial year ended March 31, 2026. The company reported a net profit of ₹125.23 lakhs for the year ended March 31, 2026, compared to a net profit of ₹3,147.12 lakhs in the previous year. The board also approved the re-appointment of M/s. Sheetal Patankar & Co. as the Internal Auditor for FY 2026-2027 and proposed entering into brokerage services, construction consultancy and project management services.
Key Highlights
- IITL Projects' FY26 revenue from operations was nil, compared to ₹20.71 lakhs in FY25.
- Other income for FY26 stood at ₹180.81 lakhs, compared to ₹214.29 lakhs in FY25.
- The company's total equity decreased from ₹(148.26) lakhs to ₹(22.97) lakhs.
- Re-appointment of M/s. Sheetal Patankar & Co. as Internal Auditor for FY 2026-2027.
- Proposed new business lines in brokerage, construction consultancy, and project management.
Price Impact
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