IITL board okays Rs 25 crore buyback, strong Q1 results; subsidiary a going concern risk
IITL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.5 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved Q1 FY27 results: standalone PAT at Rs. 1,803 lakhs (up from Rs. 1,015 lakhs YoY), EPS Rs. 8. Approved buyback of up to 16.67 lakh shares (7.39%) at Rs. 150 each, totaling Rs. 25 crore. Promoters will not participate. Proposed appointment of Mr. Sahil Agarwal (Promoter MD's son) as Additional Director, subject to RBI nod. Auditor flagged subsidiary IITL Projects as no longer a going concern with net worth fully eroded.
Buyback supportive for stock; strong Q1 numbers positive; subsidiary going concern flag remains a worry.