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IL&FS Investment Managers Limited informed the National Stock Exchange Limited and BSE Limited that its board of directors accepted the resignation of M/s KKC & Associates LLP as statutory auditors, effective August 13, 2026, and appointed M/s C N K & Associates LLP as statutory auditors to fill the vacancy, initially until the 40th Annual General Meeting, and subsequently for a five-year term subject to shareholder approval at the same meeting.

IL&FS Investment Managers Limited informed the National Stock Exchange Limited and BSE Limited that its board of directors accepted the resignation of M/s KKC & Associates LLP as statutory auditors, effective August 13, 2026, and appointed M/s C N K & Associates LLP to fill the vacancy until the 40th Annual General Meeting, with a subsequent five-year term subject to shareholder approval at the same meeting.

IL&FS Investment Managers Ltd share price inched up 2.28% to Rs 8.54. The Company`s net profit plunged by 69.11% to Rs 1.22 crore, while revenue from operations nosedived 76.80% to Rs 8.17 crore in Q2FY26 over Q1FY26. The market capitalization of Asset Management Company industry group stocks on BSE stood at Rs 3.92 lakh crore, easing 6.85%. It has slipped by 0.87% over last one week and rallied by 26.99% in last one month while the market capitalization of IL&FS Investment Managers Ltd has marginally improved by 5.04% and 11.63% in the same period respectively. Profit before tax (PBT) of IL&FS Investment Managers Ltd stood at Rs 2.88 crore in Q2 FY26, jumping 569.77% year-on-year, and nosediving by 55.00% quarter-on-quarter. EBITDA came in at Rs 3 crore, crashing by 38.77% YoY and tanking 417.27% sequentially. Total expenses saw a steep drop of 69.04% to Rs 9.75 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 1.91 crore, tanking by 21.40% YoY. For the TTM ended FY26, revenue from operations sank 43.99% to Rs 29.08 crore, while net profit registered a growth of 17.26% to Rs 14.13 crore, compared to previous TTM. EBITDA saw a sharp decline of 1413% to Rs 20.35 crore, and PBT dipped slightly 6.92% to Rs 14.52 crore compared to previous TTM. IL&FS Investment Managers Ltd declined by 1.84% in last one year, performing in line with the benchmark BSE Sensex which has eased by 2.83% during the same period.

IL&FS Investment Managers will hold a meeting of the Board of Directors of the Company on 13 August 2026.

Net profit of IL&FS Investment Managers declined 81.92% to Rs 2.22 crore in the quarter ended March 2026 as against Rs 12.28 crore during the previous quarter ended March 2025. Sales rose 364.51% to Rs 35.21 crore in the quarter ended March 2026 as against Rs 7.58 crore during the previous quarter ended March 2025.For the full year,net profit declined 70.65% to Rs 3.86 crore in the year ended March 2026 as against Rs 13.15 crore during the previous year ended March 2025. Sales rose 88.82% to Rs 54.91 crore in the year ended March 2026 as against Rs 29.08 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales35.217.58 365 54.9129.08 89 OPM %10.7416.49 --2.77-9.59 - PBDT6.458.70 -26 9.1014.77 -38 PBT6.408.64 -26 8.9014.52 -39 NP2.2212.28 -82 3.8613.15 -71 Powered by Capital Market - Live News