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📋 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, net worth remains eroded

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 30 Oct 2026, 06:37 PM IST  ·  BSE ID: 122b5750-4575-4634-8076-50dff985043f
View Original BSE Filing (PDF)
💡
In Simple Terms
The company made a profit this quarter, but its total losses are still very high, and it lacks enough assets to cover all debts.
🤖 AI Summary
  • IITL Projects reported a Net Profit of 122.48 lakhs for the quarter ended September 30, 2026.
  • Accumulated loss of 780.51 lakhs exceeds paid-up capital, with net worth fully eroded.
  • Company's total liabilities (3,556.58 lakhs) exceed total assets (3,276.86 lakhs) as of September 30, 2026.
  • Financial statements are prepared on a realizable value basis due to the company being a 'not going concern'.
  • An impairment loss of 100.00 lakhs was reversed during the September 2026 quarter.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Profit/(Loss) after tax (Quarter ended 30.09.2026)
122.48 lakhs
Not comparable — limited prior period data.
Net Profit/(Loss) after tax (Half year ended 30.09.2026)
(256.76) lakhs
Not comparable — limited prior period data.
Total Income (Quarter ended 30.09.2026)
42.31 lakhs
Not comparable — limited prior period data.
Total Income (Half year ended 30.09.2026)
86.71 lakhs
Not comparable — limited prior period data.
Accumulated Loss (As on 30.09.2026)
780.51 lakhs
Total Equity (As on 30.09.2026)
(279.72) lakhs
Cash and cash equivalents (As on 30.09.2026)
1,067.21 lakhs
🏢 How This Affects the Company
📈
Business Impact
The company generates revenue from real estate related activities and interest on bank deposits, but the current cash flows are insufficient to meet its liabilities.
💰
Financial Impact
Net Profit for the quarter ended September 30, 2026, was 122.48 lakhs, but the accumulated loss stands at 780.51 lakhs, leading to fully eroded net worth and total liabilities exceeding total assets by 279.72 lakhs.
⚙️
Operational Impact
The company continues to prepare financial statements on a realizable value basis, valuing assets at their realization value where lower than cost and fully providing for known liabilities.
⚠️
Risk Impact
The company faces significant financial risk due to its 'not going concern' status, eroded net worth, and total liabilities exceeding total assets.
👥 What This Means For Shareholders
✅
Action Required
No action required based on this specific financial results filing.
👤
Who Is Affected
All shareholders are affected by the company's reported financial state, including the 780.51 lakhs accumulated loss and the 'not going concern' declaration.
🔍
Management Signal
Management is continuing to pursue recovery of outstanding amounts from cancelled MOU, indicating efforts to address past financial setbacks.

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

👁 Watch List — track these upcoming events
Q3 FY27 financial results — review net profit and net worth status.
Updates on recovery of 3.05 Crores outstanding amount from cancelled MOU.
Changes in 'not going concern' declaration and associated financial reporting basis.
HIGH RISK Company's net worth is fully eroded, total liabilities exceed assets, and it is declared 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 780.51 lakhs continues to erode net worth, and it remains a 'not going concern' with total liabilities exceeding total assets.
⚖️ Strengths & Concerns

✅ Positives

  • Net Profit of 122.48 lakhs reported for the quarter ended September 30, 2026, an improvement from the prior quarter's loss.
  • Cash and cash equivalents increased to 1,067.21 lakhs as of September 30, 2026, from 8.95 lakhs at March 31, 2026.

⚠️ Concerns

  • Accumulated loss of 780.51 lakhs has fully eroded the company's net worth as of September 30, 2026.
  • Total liabilities (3,556.58 lakhs) exceed total assets (3,276.86 lakhs), highlighting a precarious financial position.
📅 Company Track Record
IITL Projects reported a net loss of (379.24) lakhs in Q1 FY27, preceded by a net profit of 122.48 lakhs in Q2 FY27, after being declared a non-going concern. Prior filings indicated significant net loss and eroded net worth. The company had an impairment loss of 405.05 lakhs in Q1 FY27 related to a cancelled MOU.

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 Limited 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 780.51 lakhs exceeds the paid-up capital, leading to the company's net worth being fully eroded.
Does IITL Projects have sufficient assets to cover its liabilities?
No, as of September 30, 2026, the total liabilities of IITL Projects (3,556.58 lakhs) exceed its total assets (3,276.86 lakhs).
Why is IITL Projects stated as a 'not going concern'?
IITL Projects continues to be a 'not going concern' because its present cash flows are not adequate to meet the liabilities, and the financial statements are prepared on a realizable value basis.

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.
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