IL&FS Engineering and Construction Approves Unaudited Results for Quarter Ending June 30, 2026; Reports Losses Across Statements
IL&FS Engineering and Construction Company Limited has released its Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The results highlight continued operational challenges, with both standalone and consolidated statements reporting losses despite strong revenue figures.The Board of Directors approved these financial results on July 31, 2026.
Financial Overview (Quarter Ended June 30, 2026)
The company's performance metrics across the quarter showed a consistent pattern of operating challenges as reflected in the provided statements:Standalone Financial Results Summary
| Particulars | Qtr Ended Jun-26 (Unaudited) | Qtr Ended Mar-26 (Audited) | Qtr Ended Jun-25 (Unaudited) | Year Ended Mar-26 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 3,760 | 2,981 | 4,122 | 18,792 |
| Total Income | 4,899 | 6,176 | 6,036 | 25,777 |
| Total Expenses | 4,903 | 5,117 | 6,978 | 25.49s |
| Net Profit (loss) after Exceptional Item and tax | (4) | 971 | (642) | 19 |
| Total comprehensive income for the period | (6) | 800 | (64s) | (17s) |
Consolidated Financial Results Summary
| Particulars | Qtr Ended Jun-26 (Unaudited) | Qtr Ended Mar-26 (Audited) | Qtr Ended Jun-25 (Unaudited) | Year Ended Mar-26 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 3,760 | 2,981 | 4,122 | 18,792 |
| Total Income | 4,899 | 6,238 | 6,036 | 25,819 |
| Total Expenses | 4,903 | 5,122 | 6,979 | 25.500 |
| Net Profit/(loss) after Exceptional Items and tax | 1 | 1,096 | (62') | 319 |
| Total comprehensive income for the period | (1) | 838 | (633) | (61) |
Key Operational and Financial Concerns
The results are accompanied by notes highlighting material uncertainties related to the company's financial standing. Management has prepared these figures on a going concern basis, considering the status of the resolution process initiated by the Board and Interim Orders from NCLAT.Going Concern Status:
Attention is drawn to continued losses, erosion of net worth as at the quarter end, and significant reduction in income from operations. These conditions indicate a material uncertainty regarding the ability of the company to continue operating in the normal course of business. The company has incurred an accumulated loss of Rs. 3,60,022 Lakhs as at June 30, 2026.
Ongoing Regulatory and Financial Matters:
The management notes that ongoing investigations by Serious Fraud Investigation Office (SFIO) and Enforcement Directorate (ED), alongside other regulators/agencies, have occurred since 2018-19. The standalone financial results do not include any adjustments that may arise from these ongoing investigations, as the management does not foresee such adjustments at this juncture.
The statements also report non-recognition of interest expense on borrowings availed by the company, pursuant to an Interim Order and Judgment passed by NCLAT specifying October 15, 2018 as the cut off date for initiation of the resolution process. The aggregate amount of interest expense not so recognised is Rs. 3,19,557 Lakhs approximately for the quarter ended June 30, 2026.
Furthermore, in absence of confirmations from some lenders, customers, and vendors as at June 30, 2026, adjustments to the carrying values of assets and liabilities resulting from unsettled transactions cannot be ascertained.
Subsidiaries and Joint Ventures
The consolidated financial results include interim financial results from six subsidiaries, including Ekdanta Greenfields Pvt Limited, Angeerasa Greenfields Pvt Limited, Saptaswara Agro Farms Pvt Limited, Maytas Metro Limited, Maytas Infra Assets Limited, and Maytas Vasishta Varadhi Limited. The Group's share of net profit for the quarter ended June 30, 2026, related to two joint ventures was Rs. 5 Lakhs.IL&FSENGG Stock Price Movement
IL&FS Engineering and Construction Company Limited saw its shares surge today, managing to hit a 52-week high as it settled at ₹36.98, marking a solid gain of 4.84%. The stock traded robustly throughout the session, climbing toward the day's high of ₹37.30 after reaching an intraday low of ₹34.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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