IL&FS Engineering Reports 51.8% Revenue Decline and Widened Losses in Q1 Aug 11, 2025
IL&FS Engineering & Construction Company experienced a 51.8% drop in revenue to Rs 41.22 crore and increased net loss to Rs 9.42 crore in Q1. The company faces operational challenges due to project completions and contract cancellations. With fully eroded net worth and current liabilities exceeding assets by Rs 3,829.36 crore, IL&FS is categorized as a 'Red' entity. A resolution process is underway, with a bid from an unincorporated consortium approved by creditors, awaiting further approvals. The company's future depends on the successful implementation of this resolution plan.
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