IVC2023-07-012023-09-30 IVC2023-07-012023-09-30 IVC2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member IVC2023-07-012023-09-30in-bse-fin:OneOperatingExpenses02Member IVC2023-07-012023-09-30in-bse-fin:OneOperatingExpenses03Member IVC2023-07-012023-09-30in-bse-fin:OneOperatingExpenses04Member IVC2023-07-012023-09-30in-bse-fin:OneOperatingExpenses05Member IVC2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member IVC2023-07-012023-09-30in-bse-fin:FourOperatingExpenses02Member IVC2023-07-012023-09-30in-bse-fin:FourOperatingExpenses03Member IVC2023-07-012023-09-30in-bse-fin:FourOperatingExpenses04Member IVC2023-07-012023-09-30in-bse-fin:FourOperatingExpenses05Member IVC2023-09-30 IVC2023-09-30 IVC2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member IVC2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member IVC2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member IVC2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 511208 IVC NOTLISTED IL&FS Investment Managers Limited Equity 2023-04-01 2024-03-31 2023-11-09 2023-10-12 INR Lakhs Half yearly 2023-11-09 12:00:00 2023-11-09 13:10:00 true Cash Flow Indirect Not applicable Single segment Management Fee 2023-07-01 2023-09-30 Unaudited Consolidated 0.00 0.00 0.00 0.00 0.00 0.00 0.00 116341000.00 116341000.00 32109000.00 148450000.00 0.00 0.00 0.00 30017000.00 0.00 510000.00 0.00 0.00 0.00 0.00 100281000.00 130808000.00 17642000.00 0.00 17642000.00 8250000.00 -8128000.00 122000.00 17521000.00 0.00 0.00 0.00 -52000.00 17469000.00 7950000.00 25418000.00 22261000.00 -4792000.00 30228000.00 -4810000.00 628085000.00 2 0.07 0.07 0.00 0.00 0.07 0.07 0.00 0.00 0.00 NOTES : (1) The aforesaid consolidated financial results of IL&FS Investment Managers Limited (the “Holding Company”), its subsidiaries (the Holding Company & its subsidiaries together constitute the “Group”) & jointly controlled entities for the quarter and half year ended 30-09-2023 along-with comparative period have been reviewed by Audit Committee & subsequently approved by Board of Directors of the Company at its meeting held on 09-11-2023 in terms of Regulation 33 of SEBI LODR Regulations, 2015. The financial results for the quarter and half year ended 30-09-2023 have been subjected to Limited Review by Statutory Auditors of the Company (2) The financial results have been prepared in accordance with the recognition & measurement principles laid down in Ind AS 34 – Interim Financial Reporting, notified under Sec 133 of the Companies Act 2013 read with Companies (Indian Accounting Standards) Rules 2015, as amended from time to time & other accounting principles generally accepted in India (3) As per requirements of Ind AS 108 on ‘Operating Segments’, based on evaluation of financial information for allocation of resources & assessing performance, the Group has identified a single segment i.e. providing asset management services & other related services. As such, there are no separate reportable business or geographical segments as per Ind AS 108 (4) MCA, Government of India, has vide its letter dated 01-10-2018 initiated investigation by SFIO against Infrastructure Leasing & Financial Services Limited (IL&FS), the Holding Company & its subsidiaries (including the Group) under Sec 212(1) of the Companies Act, 2013. On 03-12-2018, MCA on the directions of NCLT, Mumbai has impleaded various Group Companies of IL&FS (which includes the Group) as Respondents to the Petition filed by them on 01-10-2018. Further based on another petition of the MCA under Sect 130(1) of the Companies Act, 2013, NCLT has, on 01-01-2019, ordered re-opening of books of accounts for the past FY 2012-13 to FY 2017-18 of ‘IL&FS’ (‘the Ultimate Holding Company’), IL&FS Financial Services Limited & IL&FS Transportation Networks Limited. While the Group, based on its current understanding, believes that the above would not have a material impact on the financial results, the implications, if any, arising from the aforesaid developments would be known only after the aforesaid matters are concluded & hence are not determinable at this stage (5) The term of most of the existing funds being managed/advised by the Group has already been over. Other funds being managed/advised by the Group are approaching end of their term in near future which has resulted/is likely to result in significant reduction in the Group’s fee revenue. Management expects that its future income from existing funds being managed/advised together with liquid assets held by the Group as at 30-09-2023 will be adequately sufficient to meet the Group 's existing & future obligations arising over the next 12 months (6) The Board of Directors of the Company at its meeting held on 14-02-2022 approved a Scheme of Amalgamation of its two WOS, IL&FS Asian Infrastructure Managers Limited & IIML Asset Advisors Limited with the Company, subject to approval of shareholders and/or creditors of the respective companies & necessary regulatory approvals. The Appointed Date for the said Scheme of Amalgamation is scheduled to be 01-04-2022. The Company has filed an application for the same with NCLT, Mumbai (7) The financial statements of its subsidiary IIML Fund Managers (Singapore) Pte Ltd & its Joint Ventures IL&FS Milestone Realty Advisors Private Limited & Standard Chartered IL&FS Management (Singapore) Pte Ltd have been prepared on the basis that it does not continue as a going concern (8) Previous year numbers are regrouped/reclassified wherever necessary Single segment 2023-04-01 2023-09-30 Unaudited Consolidated 0.00 0.00 0.00 0.00 0.00 0.00 0.00 249298000.00 249298000.00 81234000.00 330532000.00 0.00 0.00 0.00 66742000.00 0.00 915000.00 0.00 0.00 0.00 0.00 191422000.00 259079000.00 71453000.00 0.00 71453000.00 25579000.00 -2611000.00 22968000.00 48486000.00 0.00 0.00 0.00 -229000.00 48257000.00 6977000.00 55233000.00 39244000.00 9013000.00 46302000.00 8931000.00 628085000.00 2 1331167000.00 0.12 0.12 0.00 0.00 0.12 0.12 0.00 0.00 0.00 Expected Credit Loss arising on Receivables 24130000.00 Legal and Professional Expenses 57261000.00 Net Loss on sale of non-current Investments 0.00 Other Expenses 15358000.00 Rent Expense 3532000.00 Expected Credit Loss arising on Receivables 34066000.00 Legal and Professional Expenses 99734000.00 Net Loss on sale of non-current Investments 13420000.00 Other Expenses 36736000.00 Rent Expense 7467000.00 61508000.00 1458268000.00 0.00 199466000.00 2825000.00 441407000.00 120100000.00 2283572000.00 0.00 68821000.00 5424000.00 0.00 14000.00 67137000.00 141396000.00 2424968000.00 628086000.00 1331167000.00 2172767000.00 1762000.00 70943000.00 0.00 72704000.00 27407000.00 96460000.00 55631000.00 179497000.00 2424968000.00 Actuarial Gain of the defined benefit plans -1636000.00 Actuarial Gain of the defined benefit plans -850000.00 -1636000.00 -850000.00 1386000.00 1269000.00 Exchange differences in translating the financial statements of foreign operations 10972000.00 Exchange differences in translating the financial statements of foreign operations 9096000.00 10972000.00 9096000.00 0.00 0.00 7950000.00 6977000.00 0.00 0.00 -64421000.00 0.00 0.00 0.00 -612000.00 -8160000.00 0.00 -23369000.00 0.00 -24247000.00 0.00 915000.00 0.00 34066000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4210000.00 0.00 0.00 -20755000.00 -229000.00 0.00 -111022000.00 -39569000.00 -6000.00 0.00 -40746000.00 9239000.00 0.00 -89560000.00 0.00 0.00 292697000.00 143000.00 0.00 0.00 0.00 0.00 2000.00 2406000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 662000.00 157522000.00 0.00 0.00 0.00 0.00 0.00 24680000.00 0.00 0.00 0.00 157969000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 251226000.00 0.00 0.00 0.00 -251226000.00 -182817000.00 9096000.00 -173721000.00 235228000.00 61507000.00