Un-audited financial results of the company for the quarter ended 30th June, 2025
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Intec Capital reported a strong turnaround in Q1 FY26 with standalone total revenue of Rs. 623.09 lakhs (up sharply from Rs. 1.19 lakhs in Q1 FY25) and a profit after tax of Rs. 301.29 lakhs, compared to a loss of Rs. 129.84 lakhs a year ago. The company completed a One-Time Settlement (OTS) with all lender banks during the quarter, paying them off fully and receiving No Due Certificates, which resulted in a net loss of Rs. 124.38 lakhs booked as an exceptional item. The board also appointed a new Company Secretary and revised the remuneration of two senior managers (related party transactions). Despite the quarterly profit, the auditor flagged material uncertainty about the company's ability to continue as a going concern, citing huge accumulated losses, suspended lending operations, poor recoveries, eroded net worth, and delays in paying employee and statutory dues.
While the headline numbers look very strong, the going concern flag and continued operational challenges suggest the company remains financially fragile. The OTS closure is a positive step as it removes lender pressure, but the lack of active lending business and the small revenue base mean sustainability of these profits is questionable. Shareholders should treat the result with caution despite the apparent turnaround.