IL&FS Transportation Networks Ltd
Adoption of Revised Audited Standalone Financial Results for FY 2018-19
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 26 Jun 2026, 02:47 PM IST · BSE ID: 85abf589-06eb-48be-a6be-907104ab4c67
View Original BSE Filing (PDF)
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In Simple Terms
The company has formally adopted updated financial results for the 2018-19 financial year, showing a large loss and liabilities.
🤖 AI Summary
- IL&FS Transportation Networks Ltd adopted revised audited standalone financial results for FY 2018-19.
- Revision followed Hon’ble NCLT order dated March 07, 2025, for recasting financial statements FY 2013-14 to FY 2017-18.
- Company reported a revised net loss of Rs 14,147.83 Crores for the year ended March 31, 2019.
- Net liabilities stood at a revised Rs. 13,866.91 Crores as of March 31, 2019.
- Auditors issued a qualified opinion on revised results, noting a material uncertainty related to going concern.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revised Net Loss for FY 2018-19 (including other comprehensive income)
Rs 14,147.83 Crores
Original Net Loss for FY 2018-19 (including other comprehensive income)
Rs. 16,956.12 Crores
Revised Net Liabilities as at March 31, 2019
Rs. 13,866.91 Crores
Original Net Liabilities as at March 31, 2019
Rs. 13,884.41 Crores
🏢 How This Affects the Company
The revision updates the reported net loss for FY 2018-19 to Rs 14,147.83 Crores and net liabilities to Rs. 13,866.91 Crores. This formally incorporates impacts from the financial statement recasting for prior periods.
The auditors identified a material uncertainty related to going concern due to the significant loss, net liabilities, and impaired ability to raise funds. The qualified opinion and various emphasis of matters highlight unresolved issues including forensic audit observations and ongoing investigations.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are not required to take any immediate action based on this specific filing.
👤
Who Is Affected
All shareholders are affected as this filing provides an updated financial picture for FY 2018-19, confirming substantial past losses and net liabilities impacting company valuation.
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Management Signal
The management's action to adopt these revised financials reflects compliance with the NCLT order and efforts to restate historical financial positions, despite ongoing uncertainties.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Updates on ongoing SFIO and CBI investigations mentioned in audit notes.
Further clarity on the Company's plan to address going concern uncertainty.
Filing of revised tax returns with the Income Tax department for adjustments.
HIGH RISK
Significant net loss, net liabilities, going concern uncertainty, and ongoing investigations are highlighted by auditors.
💡 Investor Takeaway
IL&FS Transportation Networks Ltd has adopted its revised audited standalone FY 2018-19 results, confirming a net loss of Rs 14,147.83 Crores and net liabilities of Rs. 13,866.91 Crores. The audit report includes a qualified opinion and highlights material uncertainty regarding going concern.
⚖️ Strengths & Concerns
⚠️ Concerns
- The company reported a revised net loss (including other comprehensive income) of Rs 14,147.83 Crores for FY 2018-19.
- Net liabilities stood at Rs. 13,866.91 Crores as of March 31, 2019, indicating significant financial stress.
📅 Company Track Record
IL&FS Transportation Networks Ltd previously announced on June 17, 2026, its Board would approve revised FY 2018-19 standalone financials on June 26, 2026. This follows an NCLT order dated March 07, 2025, for recasting financial statements from FY 2013-14 to FY 2017-18.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What were IL&FS Transportation Networks Ltd's revised net loss for FY 2018-19?
IL&FS Transportation Networks Ltd reported a revised net loss (including other comprehensive income) of Rs 14,147.83 Crores for the year ended March 31, 2019.
What were the revised net liabilities for IL&FS Transportation Networks Ltd as of March 31, 2019?
As of March 31, 2019, the revised net liabilities for IL&FS Transportation Networks Ltd stood at Rs. 13,866.91 Crores.
Why were the FY 2018-19 financial results revised for IL&FS Transportation Networks Ltd?
The financial results were revised consequent to recasting of the company's financial statements for the five-year period ended March 31, 2018, as approved by Hon’ble NCLT vide order dated March 07, 2025.
Did the auditors issue a qualified opinion on the revised financial results for IL&FS Transportation Networks Ltd?
Yes, the auditors issued a qualified opinion on the revised financial results for FY 2018-19 due to matters covered in the disclaimer of opinion from the original audit.
Questions based on this BSE filing only. For information purposes.