India Steel Works Ltd — Results, 31-07-2025: Result

India Steel Works reported a net loss of Rs 1.48 Cr for the quarter. The company's Board also approved forming a Joint Venture, LLOYDS IHL LLP, to develop its land at Khopoli, reclassifying the land as 'Assets Held for Sale'. However, the auditor issued an adverse opinion, highlighting severe concerns about the company's ability to continue as a going concern due to ceased operations and liabilities exceeding assets. Key issues include inventories (Rs 135.32 Cr) not being properly valued and an unapproved insurance claim (Rs 19.13 Cr) inflating assets, raising significant questions about the true financial health.