IVC
IL&FS Investment Managers financials
- Market cap
- ₹286 Cr
- Sector
- Financial Services
What IL&FS Investment Managers Limited does
IL&FS Investment Managers Limited operates in a single business segment: fund management and related services. Through its subsidiary it manages the Infrastructure Debt Fund (IDF), which has 5 closed-ended schemes, and its offshore subsidiary acts as Investment Manager to Tara India Fund III LLC. A joint venture with the Government of Andhra Pradesh (in which IIML holds 51%) provides urban infrastructure project development and program management to Urban Local Bodies in the state. Following the IL&FS Group crisis, the Company is in maintenance mode, focused on divesting its remaining fund portfolio and returning capital to Fund investors rather than raising new funds.
Segments
- Fund management and related services
- Infrastructure Debt Fund (IDF)
- Andhra Pradesh urban infrastructure JV
- Offshore PE fund advisory
- Employees
- 15
- Permanent employees on rolls
- 16
- IDF closed-ended schemes
- 5
- Domestic subsidiaries
- 4 (IL&FS Urban Infrastructure Managers, Andhra Pradesh Urban Infrastructure Asset Management, IL&FS Infra Asset Management, IL&FS AMC Trustee)
- Offshore subsidiary
- 1 (IL&FS Investment Advisors LLC, Mauritius)
- Joint ventures
- 1 (IL&FS Milestone Realty Advisors Private Limited)
Quarterly results
Q1 FY27: net profit down 504.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 −100% | 0 | 0 | 0 |
| EBITDA | -3 | -2 | -2 | -2 | -3 −1% | -2 −5% | -2 +27% | -2 −7% |
| Net profit | -1 | 1 | 1 | -0 | 28 +3191% | -2 −213% | 22 +3272% | -1 −504% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +3.5% 1Y
1Y: ₹8.8 on 10 Sept 2025 → ₹9.11. High ₹10.28 (7 Sept 2026), low ₹6.24 (30 Mar 2026).
Financials, as filed
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹47 Cr | ₹2 Cr | ₹1 Cr | ₹0 Cr |
| Operating profit | ₹3 Cr | ₹-8 Cr | ₹-11 Cr | ₹-8 Cr |
| Operating margin | 5.5% | -502.6% | -1412.0% | — |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹15 Cr | ₹22 Cr | ₹-2 Cr | ₹48 Cr |
| Net margin | 32.9% | 1415.4% | -290.7% | — |
| Cash from operations | ₹-8 Cr | ₹-10 Cr | ₹-8 Cr | ₹-7 Cr |
| Free cash flow | ₹-8 Cr | ₹-10 Cr | ₹-8 Cr | ₹-7 Cr |
| ROCE | 22.0% | 20.0% | -2.0% | 47.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹63 Cr | ₹63 Cr | ₹63 Cr | ₹63 Cr | ₹63 Cr | ₹63 Cr |
| Reserves | ₹35 Cr | ₹38 Cr | ₹50 Cr | ₹117 Cr | ₹28 Cr | ₹51 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹7 Cr | ₹5 Cr | ₹4 Cr | ₹44 Cr | ₹3 Cr | ₹3 Cr |
| Total liabilities | ₹105 Cr | ₹106 Cr | ₹116 Cr | ₹224 Cr | ₹93 Cr | ₹117 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹84 Cr | ₹74 Cr | ₹106 Cr | ₹40 Cr | ₹80 Cr | ₹107 Cr |
| Other assets | ₹20 Cr | ₹32 Cr | ₹11 Cr | ₹184 Cr | ₹14 Cr | ₹10 Cr |
| Total assets | ₹105 Cr | ₹106 Cr | ₹116 Cr | ₹224 Cr | ₹93 Cr | ₹117 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 2% to 1,01,714.
- Promoters
- 50.4%
- Public
- 49.6%
Since Jun 2025
- FIIs −0.06 pp
- Public +0.05 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 50.4%, Public 49.6%.Dec '23: Promoters 50.4%, Public 49.6%.Mar '24: Promoters 50.4%, Public 49.6%.Jun '24: Promoters 50.4%, FIIs 0.4%, Public 49.2%.Sep '24: Promoters 50.4%, Public 49.6%.Dec '24: Promoters 50.4%, FIIs 0.0%, Public 49.6%.Mar '25: Promoters 50.4%, Public 49.6%.Jun '25: Promoters 50.4%, FIIs 0.1%, Public 49.5%.Sep '25: Promoters 50.4%, Public 49.6%.Dec '25: Promoters 50.4%, FIIs 0.0%, Public 49.5%.Mar '26: Promoters 50.4%, Public 49.6%.Jun '26: Promoters 50.4%, Public 49.6%.
Who is on the register
Named in the Jun 2026 filing
Every holder of IL&FS Investment Managers Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Infrastructure Leasing and Financial Services Limited NBFC / DFI | 50.42% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.44% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse IL&FS Investment Managers Limited
Guides on how to read this kind of business and the numbers that matter.