GMP IPO
📋 Filings Intelligence
About Contact
LIVE — Auto-updated every 10 mins · Equity segment
Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

—
Filed today
—
Companies tracked
NSE & BSE
Listed on
Sign in free to search by company
Filing Type
Market Cap
Sector
All Sectors

Latest Filings —

📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
IITL Projects Ltd

IITL Projects reports Net Profit of 122.48 lakhs for Q2 FY27, Net Worth Eroded

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 30 Oct 2026, 06:10 PM IST  ·  BSE ID: 83fd1e6b-5dba-4d92-a540-d459e438a7c2
View Original BSE Filing (PDF)
💡
In Simple Terms
The company made a profit this quarter, but its total losses have erased all its original money and it cannot cover its debts.
🤖 AI Summary
  • IITL Projects reported a Net Profit of 122.48 lakhs for the quarter ended September 30, 2026.
  • Accumulated loss of Rs. 780.51 lakhs fully eroded the company's net worth as of September 30, 2026.
  • Total liabilities of the company, at 3,556.58 lakhs, exceed its total assets of 3,276.86 lakhs.
  • Company continues to be a non-going concern, with financial statements prepared on a realizable value basis.
  • Revenue from operations was 9.68 lakhs for the quarter and half year ended September 30, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Profit/(Loss) after tax (Q2 FY27)
122.48 lakhs
Not comparable — limited prior period data.
Net Profit/(Loss) after tax (Q1 FY27)
(379.24) lakhs
Net Profit/(Loss) after tax (Half year ended 30.09.2026)
(256.76) lakhs
Not comparable — limited prior period data.
Revenue from operations (Q2 FY27)
9.68 lakhs
Not comparable — limited prior period data.
Accumulated Loss as on 30.09.2026
Rs. 780.51 lakhs
Total Assets as on 30.09.2026
3,276.86 lakhs
Total Liabilities as on 30.09.2026
3,556.58 lakhs
Cash and cash equivalents as on 30.09.2026
1,067.21 lakhs
🏢 How This Affects the Company
📈
Business Impact
The company is pursuing services in Real Estate related activities and earns income thereon, apart from interest on bank deposit.
💰
Financial Impact
The accumulated loss of Rs. 780.51 lakhs indicates a fully eroded net worth, with total liabilities exceeding total assets. Cash and cash equivalents increased to 1,067.21 lakhs as of September 30, 2026.
⚙️
Operational Impact
The financial statements are prepared on a realizable value basis due to the non-going concern status, impacting asset valuation and liability provisioning.
⚠️
Risk Impact
The auditors explicitly highlight the non-going concern status and net worth erosion, indicating significant financial risk for the company.
👥 What This Means For Shareholders
✅
Action Required
Shareholders should review the Unaudited Standalone Financial Results for the quarter and half year ended September 30, 2026, and related disclosures.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, specifically the accumulated loss of Rs. 780.51 lakhs which has fully eroded net worth.
🔍
Management Signal
The Board approved the financial results and continues to pursue services in Real Estate activities and recover outstanding amounts related to a cancelled MOU.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 financial results — check for sustained profitability and operational revenue.
Updates on the recovery of Rs. 3.05 Crores related to the cancelled MOU.
Any communication regarding plans to address the fully eroded net worth.
HIGH RISK Company's net worth is fully eroded and auditors declare it a 'not going concern'.
💡 Investor Takeaway
IITL Projects reported a Net Profit of 122.48 lakhs for Q2 FY27. However, the company's accumulated loss of Rs. 780.51 lakhs results in fully eroded net worth. Auditors note the company remains a 'not going concern' with total liabilities exceeding total assets.
⚖️ Strengths & Concerns

✅ Positives

  • Reported a Net Profit of 122.48 lakhs for the quarter ended September 30, 2026, after a prior quarter loss.
  • Cash and cash equivalents increased to 1,067.21 lakhs as of September 30, 2026, from 8.95 lakhs on March 31, 2026.

⚠️ Concerns

  • Accumulated loss of Rs. 780.51 lakhs has fully eroded the net worth, and total liabilities exceed total assets.
  • Company continues to be a 'not going concern' with inadequate cash flows to meet liabilities, as per auditor's note.
📅 Company Track Record
Previous filings indicated a net loss of (379.24) lakhs for Q1 FY27, where the company was also declared a non-going concern. This filing continues to highlight the non-going concern status and net worth erosion.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was IITL Projects' Net Profit for the quarter ended September 30, 2026?
IITL Projects reported a Net Profit after tax of 122.48 lakhs for the quarter ended September 30, 2026.
What is the status of IITL Projects' net worth as of September 30, 2026?
As of September 30, 2026, the accumulated loss of Rs. 780.51 lakhs exceeds the paid-up capital, and the company's net worth stands fully eroded.
What was IITL Projects' revenue from operations for the quarter ended September 30, 2026?
Revenue from operations for IITL Projects was 9.68 lakhs for the quarter ended September 30, 2026.
Does IITL Projects continue to be a going concern?
No, IITL Projects continues to be a 'not going concern' as its present cash flows are not adequate to meet liabilities, and total liabilities exceed total assets.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
🔍
Sign in to use filters
Sign in free with Google to filter filings by category, market cap and sector — takes 5 seconds.