IL&FS Investment Managers Limited reported a consolidated net profit of ₹478.75 lakh for the financial year ended March 31, 2026, a decline of 66% from ₹1,424.37 lakh in the previous year. The company’s total revenue for FY26 stood at ₹6,553.18 lakh, driven by revenue from operations of ₹5,490.80 lakh and other income of ₹1,062.38 lakh. The board recommended a final dividend of ₹0.70 per equity share, amounting to ₹2,198.23 lakh, subject to shareholder approval.

The board approved the audited consolidated financial results in a meeting held on May 30, 2026. KKC & Associates LLP, the statutory auditors, issued a qualified opinion on the consolidated financial results. The qualification arises from an ongoing investigation by the Serious Fraud Investigation Office (SFIO) against the holding company, Infrastructure Leasing & Financial Services Limited, and its subsidiaries. The auditors stated they are unable to comment on the consequential impacts of the investigation upon its conclusion. This qualification has appeared for the eighth time.

The auditors also flagged material uncertainties relating to unbilled revenue at a subsidiary, Andhra Pradesh Urban Infrastructure Asset Management Limited. Unbilled revenue balances aggregating to ₹1,036.61 lakh (net of write-off of ₹921.02 lakh) remained outstanding as of March 31, 2026, with ₹600.81 lakh outstanding for more than a year. Due to insufficient documentation, the auditors could not determine the recoverability of these amounts. Additionally, the subsidiary did not recognise provisions for penalties related to non-compliance with the Companies Act, 2013, including delays in board meetings and the appointment of a Chief Financial Officer.

The company faces a material uncertainty relating to its going concern status. The extended term of existing funds managed by the company ended during the year, resulting in no fee income for the holding company and a significant reduction in fee revenue for certain subsidiaries. Despite this, management assessed that existing earnings and liquid assets are sufficient to meet obligations over the next 12 months. The resolution plan for the IL&FS Group, which involves the sale of assets including the company's stake, is currently underway following an Expression of Interest invited in December 2023.

Total expenses for the year increased to ₹5,662.86 lakh from ₹3,211.91 lakh in the previous year. Profit before tax for FY26 was reported at ₹890.32 lakh compared to ₹1,452.06 lakh in FY25. Earnings per share (basic and diluted) stood at ₹0.12 for the year, down from ₹0.42 in the prior year. The company’s joint venture, IL&FS Milestone Realty Advisors Pvt Ltd, has ceased operations and its financial statements are not prepared on a going concern basis.

Consolidated Financial Performance for FY26

Key Segment and Dividend Details

The company operates as a single reportable segment providing asset management services. The board has proposed a total dividend payout of ₹2,198.23 lakh for FY26. The record date for dividend entitlement will be intimated separately. The company continues to monitor the finalization of rules related to the Labour Codes notified by the Government of India, having recognized an incremental expense of ₹77.54 lakh for the year towards gratuity obligations.

IL&FS Investment Managers Limited has announced that its board of directors will meet on Friday, May 29, 2026. The meeting has been convened pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda for the Meeting

The primary agenda for the upcoming board meeting includes the consideration and approval of the audited standalone and consolidated financial statements and results of the company. These financials pertain to the quarter and financial year ended March 31, 2026.

Additionally, the board will deliberate upon the recommendation of a final dividend on the equity shares of the company for the financial year 2025-2026, subject to the board's decision.

Trading Window Closure

The company has informed the exchanges that the trading window for dealing in the securities of the company shall remain closed. This closure is in accordance with the company's Code of Conduct for Prevention of Insider Trading and will remain in effect until 48 hours after the declaration of the financial results.