ReadProfileString($inifile,"","")
Returnes a string with all sections in the inifile, separated by Chr(10), AND ending with Chr(10)

If only one section exist the returned value by:
ReadProfileString($inifile,"","")
is the sectionname + chr(10)

You could try using this:
code:
$inifile="T:\groups.ini"

$s=Split(ReadProfileString($inifile,"",""),Chr(10))
For Each $x In $s
If $x
$y=ReadProfileString($inifile,$x,"Group")
$z=ReadProfileString($inifile,$x,"Team")

Use x: "\\datl003n\Corporate"

MD "x:\"+$y+"\"+$z
MD "x:\"+$y+"\"+$x+"\"+$z

Use x: /delete
EndIf
Next

-Erik