This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
ITI Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
ITI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts less than Nifty Smallcap 250 and 0.1 pts more than its Telecom - Equipment & Accessories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
ITI Limited reported consolidated revenue of ₹2,18,372 Lakhs for FY26, a steep decline from ₹3,61,642 Lakhs in FY25 (down ~40%). The company posted a profit after tax of ₹29,283 Lakhs versus a loss of ₹21,489 Lakhs in the prior year, but this turnaround was driven entirely by exceptional items (₹44,915 Lakhs), primarily the ₹83,219.21 Lakhs profit from sale of 21 acres of land to Central Tax Department, partially offset by bad debts write-off of ₹30,168 Lakhs. The statutory auditor (B.K. Ramadhyani & Co. LLP) issued a DISCLAIMER OF OPINION, citing 31 major audit qualifications including inadequate internal financial controls, unreliable land sale accounting (questioning whether derecognition criteria under IndAS-16 were met), unwritten-off prior period adjustments, unreconciled trade receivables, inventory verification gaps, and non-compliance with multiple IndAS standards. Unbilled revenue of ₹2,24,111 Lakhs lacks proper milestone documentation. The company is under a BIFR-linked revival plan with government financial assistance of ₹4,15,679 Lakhs (₹3,08,435 Lakhs received). The board composition does not comply with SEBI regulations due to insufficient Independent Directors.
The disclaimer of opinion and going concern flag represent extreme red flags for investors. Revenue decline of 40%, combined with current liabilities exceeding current assets, raises serious doubts about financial stability even with the government-backed revival plan. Any reversal of the ₹83,219 Lakhs land sale profit could turn the reported profit into a massive loss (EPS would drop from ₹3.04 to ₹-8.65 per share).
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Revenue | ₹627.7 Cr | ₹1,046 Cr | −40.0% |
| Operating profit | −₹36.37 Cr | −₹102.6 Cr | loss narrowed |
| Profit after tax | ₹436.1 Cr | −₹4.38 Cr | turned positive |
| EBITDA margin | 77.4% | 3.3% | +74.1 pp |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.