ITDC Q2 FY26 Results: Revenue and PAT Decline; Auditor Issues Qualified Opinion

Qualified OpinionEmphasis Of MatterRevenue DeclineResults View source PDF Explain this filing

ITDC · price

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Price reactionminutes from the announcement price · days from the prior close

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₹585.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.9%+1.5% vs market

Hotels & Resorts peers, median of 53sector+0.0%+2.4% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 2.4 pts more than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

ITDC's Q2 FY26 standalone revenue fell 19% YoY to Rs 117.15 crore; net profit dropped 31% to Rs 16.77 crore. H1 FY26 revenue was Rs 203.56 crore, PAT Rs 26.96 crore. Auditor HDSG & Associates issued a qualified conclusion citing ATT Delhi's GSA agreement non-compliance with SPYJ (Rs 22.6 crore receivable versus Rs 15.6 crore security cover). Emphasis of matter noted pending reconciliations, undetermined PPE losses, and over Rs 9.9 crore dues from DDA. Audit committee lacked quorum.

Likely market impact

Revenue and profits declined year-on-year. Auditor flagged controls and recoverability concerns, which may weigh on near-term investor sentiment.