Intimation of Audited Financial results for the quarter and year ended 31st March, 2026
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Innovative Tech Pack Ltd reported annual revenue of Rs 12,711.78 Lakhs for FY26, down 5.2% from Rs 13,409.53 Lakhs in FY25. The company returned to profitability with PAT of Rs 186.72 Lakhs compared to a loss of Rs 1.81 Lakhs in the prior year. Q4 FY26 showed revenue of Rs 3,320.18 Lakhs with PAT of Rs 52.02 Lakhs versus a loss of Rs 329.32 Lakhs in Q4 FY25. The auditor issued an unmodified opinion but highlighted 7 emphasis of matter items including write-off of Rs 141.20 Lakhs in doubtful debtors (NCLT case) and Rs 651.47 Lakhs written off for Majestic Engineering, no actuarial valuation for gratuity since FY23, pending bonus payments of Rs 15.32 Lakhs, and no internal audit conducted. Deferred tax not recognized due to uncertainty about future profits.
While the company returned to profit, multiple auditor concerns around governance, receivables reconciliation, and cash wage payments raise red flags. The sharp rise in trade receivables (Rs 2,247.44L vs Rs 1,158.24L) and increased short-term borrowings warrant monitoring. The unmodified audit opinion provides some comfort despite the emphasis of matter items.