As of end March 2019, total assets stood at Rs 4,148 crore, a pale shadow of Rs 23,868 crore year-ago, a company statement said, adding its liabilities rose to Rs 21,083 crore from Rs 18,276 crore in FY18.
It said the board adopted prudent provisioning on loans/impairment for investments, besides taking a conservative view on fair market value and recovery estimates.
In October 2018, the government seized control of the debt-trapped company by superseding its board, and set up a new board led by Uday Kotak as the chairman.
The new board, as part of the overall resolution process for the IL&FS Group, has sold a number of assets to clear the dues and debt.
As of October 8, 2018, the group has an external fund based debt of Rs 94,216 crore and an additional non-fund based debt of Rs 5,139 crore.