Ansal Properties & Infrastructure Limited (APIL), a real estate company currently undergoing Corporate Insolvency Resolution Process (CIRP), has reported a significant financial setback for the fiscal year ended March 31, 2025. The company's financial results, released under the supervision of Resolution Professional Navneet Kumar Gupta, reveal the extent of its financial challenges.

Substantial Loss and Negative Net Worth

APIL reported a comprehensive loss of Rs 1,629.16 crore for FY 2024-25, a stark contrast to the profit of Rs 2.48 crore in the previous year. This substantial loss has exacerbated the company's financial woes, with accumulated losses reaching Rs 3,154.70 crore. As a result, APIL's net worth has turned negative, standing at Rs 1,816.21 crore.

Key Financial Metrics

The company's financial position is further strained by a significant liquidity crunch. Current liabilities exceed current assets by Rs 2,234.83 crore, indicating severe short-term financial stress. The following table summarizes key financial metrics:

Insolvency Proceedings and Management

APIL has been under CIRP since February 25, 2025, following an order by the National Company Law Tribunal (NCLT), New Delhi. Navneet Kumar Gupta has been appointed as the Resolution Professional to oversee the company's affairs during this process.

Audit Qualifications and Ongoing Challenges

The company's auditors, MRKS & Associates, have issued a qualified opinion on the financial statements. Key issues highlighted include:

1. Non-recognition of interest on NPA borrowings amounting to Rs 30.05 crore.
2. Inability to provide consolidated financial results due to difficulties in obtaining statements from subsidiaries.
3. Multiple legal challenges, including arbitration awards and RERA deregistrations.

Outlook and Dividend

Given the company's financial distress, no dividend has been declared for the fiscal year 2024-25. The resolution process under the Insolvency and Bankruptcy Code, 2016, will be crucial in determining APIL's future trajectory.

The company's ability to continue as a going concern remains uncertain, contingent on the outcome of the CIRP and potential restructuring efforts. Stakeholders, including homebuyers and creditors, will be closely watching the developments in the coming months as Ansal Properties & Infrastructure navigates through this critical phase of insolvency resolution.

Ansal Properties & Infrastructure Limited (APIL) has announced plans to release its audited standalone financial results for the fiscal year ending March 31, 2025, on November 7, 2025. This development comes as the company navigates through a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016.

Key Highlights

• Financial Results Release: APIL will disseminate its audited standalone financial results for FY 2024-25 on November 7, 2025.
• Consolidated Results Unavailable: The company is unable to provide consolidated financial results due to difficulties in obtaining financial statements from its subsidiaries and other entities to be consolidated under IND AS-110.
• Insolvency Process: APIL is currently undergoing CIRP, with its affairs managed by Resolution Professional Navneet Kumar Gupta, appointed by the National Company Law Tribunal (NCLT).
• Trading Window Closure: The trading window for APIL shares has been closed since April 1, 2025, and will remain so until 48 hours after the financial results are disseminated.

Project-Specific Developments

Corporate Governance and Compliance

APIL has emphasized its commitment to regulatory compliance, citing adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's decision to release standalone financial results aligns with these regulations, given the challenges in consolidating financial data from its subsidiaries.

The ongoing insolvency process and the separate management of key housing projects underscore the complex financial and operational landscape APIL is currently navigating. Stakeholders and investors will be closely watching the upcoming financial results for insights into the company's financial health and future prospects amidst these challenges.

As the real estate sector continues to face headwinds, APIL's situation reflects broader industry trends and the regulatory environment's impact on distressed companies in the sector. The forthcoming financial results may provide crucial information for creditors, investors, and industry observers alike.