International Conveyors Limited has informed the Exchange regarding Board meeting held on August 14, 2025.
INTLCONV · price
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Awaiting price reaction for this filing.
The board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations rose ~15% YoY to ₹3,353 lakhs, while total income jumped to ₹9,960 lakhs (from ₹7,143 lakhs) aided by a sharp rise in other income to ₹6,607 lakhs. Standalone profit after tax surged ~66% YoY to ₹5,221 lakhs (EPS of ₹8.24 vs ₹4.96). Consolidated revenue, however, declined ~12% YoY to ₹3,546 lakhs, though consolidated PAT grew ~63% to ₹5,207 lakhs. The board also approved a proposal to explore inorganic expansion through acquisition of assets, lands or targets in Maharashtra for cash consideration, and appointed a new secretarial auditor for a 5-year term. The 52nd AGM is scheduled for September 24, 2025, with dividend (if declared at the AGM) to be paid on or after September 29, 2025.
Strong headline profit growth was largely fuelled by a spike in other income rather than core operations, and consolidated revenue actually declined — so investors should look beyond the headline PAT. The proposed Maharashtra acquisition exploration is a potential growth catalyst, but details on size, funding and targets are awaited. Watch for the AGM outcome and any concrete acquisition announcement.