Intimation of Un-audited financial results for the quarter ended 30th September, 2025
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Awaiting price reaction for this filing.
Innovative Tech Pack Ltd swung to a loss of ₹110.13 lakhs in Q2 FY26 (quarter ended September 30, 2025), compared to a profit of ₹154.76 lakhs in the same quarter last year. Revenue from operations fell to ₹2,887.46 lakhs from ₹3,535.91 lakhs YoY, an 18.3% decline. For the half year (H1 FY26), revenue dropped to ₹6,145.71 lakhs from ₹6,948.01 lakhs, while profit shrank sharply to just ₹21.70 lakhs from ₹305.86 lakhs a year ago, indicating steep EBITDA margin compression from ~12% to ~7%. The auditor included an 'Emphasis of Matter' flagging concerns such as wages paid in cash (₹90.83 lakhs), pending bonus payments of ₹24.08 lakhs, no internal audit conducted for the period, delayed payments to MSME creditors, and ongoing NCLT recovery cases (including a ₹651.47 lakhs write-off from Majestic Engineering).
Negative for shareholders — the company moved from profit to loss with falling revenues and shrinking margins, while auditor's emphasis on governance and compliance issues (cash wages, no internal audit, delayed MSME payments) is likely to weigh on investor sentiment.