Intimation for the approval of unaudited financial results for the quarter ended 30th June, 2025 along with Limited Review report.
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Awaiting price reaction for this filing.
Innovative Tech Pack Ltd posted revenue of ₹3,258.25 lakhs in Q1 FY26, down about 4.5% from ₹3,412.10 lakhs in the same quarter last year. Profit after tax came in at ₹131.83 lakhs versus ₹151.10 lakhs YoY, with EPS of ₹0.59 (vs ₹0.67). The company returned to profit after a ₹329.32 lakh loss in the previous quarter (Q4 FY25). Finance costs nearly halved to ₹63.26 lakhs, which helped support margins. The auditor (Mahesh Yadav & Co.) issued an unqualified review report but flagged five Emphasis of Matter items, including cash wage payments to contract workers, unpaid bonus of ₹24.61 lakhs from prior years, a defaulted customer receivable of ₹169 lakhs (only ₹35 lakhs recovered), no internal audit conducted during the quarter, and delayed payments to MSME creditors beyond 45 days. A ₹651.47 lakh receivable from Majestic Engineering was already written off in FY25.
Sequentially, the swing back to profit from a loss is a positive signal, but the YoY decline in both revenue and profit, combined with multiple governance and recoverability red flags flagged by the auditor, suggests the underlying business remains weak. Shareholders should watch for improvement in top-line growth and resolution of the highlighted audit matters in coming quarters.