ITI Q1 FY27: Loss at Rs 32 Cr, Auditor Issues Disclaimer on Going Concern
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 1.6 pts less than Nifty Smallcap 250 and 1.9 pts less than its Telecom - Equipment & Accessories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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ITI posted Q1 FY27 consolidated revenue of Rs 42,503 lakhs, down from Rs 49,801 lakhs YoY. Net loss narrowed to Rs 3,225 lakhs from Rs 6,361 lakhs. EPS was negative Rs 0.33. Auditor issued a disclaimer of conclusion citing weak internal controls, unresolved balances, and revenue recognition issues. Material uncertainty on going concern flagged. Company is under government revival plan with Rs 3,08,435 lakhs received of Rs 4,15,679 lakhs sanctioned.
Persistent losses, auditor disclaimer, and going concern doubts weigh on stock despite government support. Order book of about Rs 13,88,281 lakhs provides some visibility.