Pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015, please find attached Unaudited Standalone Financial Results for the Quarter ended June 30, 2026
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 04 Aug 2026, 06:34 PM IST · BSE ID: 9d24f80c-265d-4b19-b3d2-0da66e23df90
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a significant loss, its accumulated losses have wiped out its net worth, and it is no longer considered a going concern.
🤖 AI Summary
- IITL Projects reported a Net Loss after tax of (379.24) lakhs for the quarter ended June 30, 2026.
- Accumulated losses reached Rs 903.01 lakhs, exceeding paid-up capital and eroding net worth.
- The company's financial statements are prepared on a non-going concern basis due to no business and eroded net worth.
- An impairment loss of Rs. 405.05 lakhs was recognized for an advance payment from a cancelled MOU.
- CS Payal Vyas was appointed as the Secretarial Auditor for the Financial Year 2026-2027.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Profit/(Loss) after tax for Quarter ended June 30, 2026
(379.24) lakhs
Not comparable — limited prior period data.
Net Profit/(Loss) after tax for Quarter ended June 30, 2025
18.15 lakhs
Total Income for Quarter ended June 30, 2026
44.40 lakhs
Not comparable — limited prior period data.
Total Income for Quarter ended June 30, 2025
47.74 lakhs
Impairment loss for Quarter ended June 30, 2026
405.05 lakhs
Accumulated loss as on June 30, 2026
903.01 lakhs
🏢 How This Affects the Company
The company has no business of its own, indicating no revenue-generating operations or market presence.
The accumulated loss of Rs 903.01 lakhs has led to full erosion of net worth, and total liabilities exceed total assets, directly impacting solvency.
Financial statements are prepared on a non-going concern basis, meaning assets are valued at realization value and all known liabilities are provided for.
The non-going concern status, coupled with eroded net worth and outstanding recoverables, introduces significant financial and operational risks.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the company's significant net loss, eroded net worth, and non-going concern status, which indicate severe financial challenges.
🔍
Management Signal
The decision to prepare financial statements on a non-going concern basis signals management's assessment of the company's fundamental financial instability.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Recovery status of the remaining Rs. 4.05 Crore overdue advance payment.
Any future announcements regarding changes in the company's business activities.
Next quarterly financial results to assess ongoing financial performance.
HIGH RISK
The company reported a net loss, has eroded net worth, and is a non-going concern, indicating severe financial instability.
💡 Investor Takeaway
IITL Projects Limited reported a Net Loss after tax of (379.24) lakhs for Q1 FY27. Accumulated losses of Rs 903.01 lakhs have fully eroded net worth, leading to the company's financial statements being prepared on a non-going concern basis.
⚖️ Strengths & Concerns
⚠️ Concerns
- Net Loss after tax of (379.24) lakhs for Q1 FY27, a decline from a profit of 18.15 lakhs in Q1 FY26.
- Accumulated losses of Rs 903.01 lakhs exceed paid-up capital and net worth is fully eroded, impacting financial stability.
📅 Company Track Record
Previous filing on August 04, 2026, confirmed IITL Projects reported a Net Loss of (379.24) lakhs in Q1 FY27 and disclosed a non-going concern status, consistent with the details in this filing.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was IITL Projects' Net Profit or Loss for the quarter ended June 30, 2026?
IITL Projects Limited reported a Net Loss after tax of (379.24) lakhs for the quarter ended June 30, 2026.
What is the status of IITL Projects' net worth as of June 30, 2026?
As of June 30, 2026, IITL Projects Limited's accumulated loss of Rs 903.01 lakhs exceeds its paid-up capital, resulting in its net worth being fully eroded.
Why are IITL Projects' financial statements prepared on a non-going concern basis?
IITL Projects' financial statements are prepared on a non-going concern basis because its accumulated losses exceed its net worth, total liabilities exceed total assets, and the company has no business or cash flows of its own.
What impairment loss did IITL Projects recognize during the quarter?
IITL Projects recognized an impairment loss of Rs. 405.05 lakhs during the quarter ended June 30, 2026, related to an overdue advance payment from a cancelled property purchase MOU.
Who was appointed as Secretarial Auditor for IITL Projects for FY2026-2027?
CS Payal Vyas was appointed as the Secretarial Auditor of IITL Projects Limited for the Financial Year 2026-2027, effective August 04, 2026.
Questions based on this BSE filing only. For information purposes.