IL&FS Engineering and Construction Announces Audited Financial Results for FY 2025-2026

IL&FS Engineering and Construction Announces Audited Financial Results for FY 2025-2026​

IL&FS Engineering and Construction Company Limited announced the approval of its audited Standalone and Consolidated Financial Results for the Quarter and Financial Year ended March 31, 2026. The Board of Directors approved these results during its meeting held on May 27, 2026.

The company's financial results detail the operational and financial status for the fiscal period 2025-2026, including performance data for the quarter ending March 31, 2026, compared to prior periods.

Audit Findings and Qualifications​

The statutory auditors issued separate reports for the standalone and consolidated financial statements.

For the Standalone Financial Results, the auditors rendered an opinion that the Statement gives a true and fair view, subject to several qualifications. Key points raised in the standalone audit report include:

• Material Uncertainty: The auditors highlighted a material uncertainty concerning the Company's ability to continue as a going concern. This concern is based on continued losses, erosion of net worth, and a significant reduction in the company's income from operations and other sources.
• Emphasis of Matter: The report drew attention to ongoing investigations by regulatory and investigative agencies, such as the Serious Fraud Investigation Office (SFIO) and Enforcement Directorate (ED). Additionally, the auditors noted the non-recognition of interest expense on borrowings, amounting to approximately Rs. 46,044 Lakhs (excluding penal/other interest and charges) for the year ended March 31, 2026.

For the Consolidated Financial Results, the auditors issued a Qualified Opinion. The audit report noted that the Consolidated Financial Results include financial results from subsidiaries and joint ventures, such as Maytas Vasista Varadhi Limited, Maytas Metro Limited, Angeerasa Green Fields Private Limited, Ekadanta Green Fields Private Limited, Saptaswara Agro Farms Private Limited, and Maytas Infra Assets Limited, and joint ventures including Maytas NCC JV and NCC - Maytas - ZVS (JV).

The consolidated report similarly noted the material uncertainty regarding the going concern status, attributing it to continued losses and the erosion of net worth. The qualified opinion was also influenced by the non-inclusion of the financial results and other financial information of the overseas entity, Maytas Infra Saudi Arabia Company, due to its cessation of operations for a period exceeding three years.

Financial Highlights​

The annual audited financial results provide a comparison of key metrics across the reporting periods.

The total income for the Company across the audited financial years is presented below:


(All figures in Rs. Lakhs)

IL&FSENGG Stock Price Movement​

On Wednesday, shares of IL&FS Engineering and Construction Company Limited closed higher, gaining 4.97% to settle at ₹31.87. The stock traded on a volume of 50,982 shares, highlighting the significant buying momentum during the session.