Latest news about India Lease Development
India Lease Development Reports Widening Losses in Q1 Aug 11, 2025
India Lease Development Limited (ILDL) reported a net loss of ₹11.72 lakhs in Q1, up from ₹5.69 lakhs in the previous quarter and ₹6.60 lakhs in the same quarter last year. Total comprehensive income showed a loss of ₹56.02 lakhs. The company's reserves stand at -₹423.49 lakhs, indicating ongoing financial challenges. ILDL has discontinued fresh hire purchase and leasing operations but remains optimistic about continuing as a going concern. The auditor's review noted that fair value changes in long-term investments will be considered in the year-end audited accounts.