ITI Q2 FY26 results: auditor disclaimer, going concern flag

Going-concern doubtEmphasis of matterNet loss reportedRevenue declinedExceptional itemResults View source PDF Explain this filing

ITI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹321.25

prior close

₹318.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.2%-1.8% vs market

Telecom - Equipment & Accessories peers, median of 5sector-2.0%+0.3% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Smallcap 250 and 0.3 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

-0.1

15m

-0.7

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6+0.2-1.8-2.0+0.3

Next day

-1.8+0.9-2.7-1.4-0.4

-3.3-0.2-3.2-2.2-1.2

-4.7-0.6-4.1-3.0-1.7

-4.9-0.7-4.3-4.2-0.8

-7.7-1.9-5.8-4.4-3.3

-3.5-2.4-1.1-9.3+5.8

15d

-5.9-3.3-2.7-6.0+0.1

-5.8-3.5-2.3-10.8+5.0

-6.4-4.5-1.8-20.1+13.7

-12.0-6.3-5.7-30.4+18.4

UpDownMarket · Nifty Smallcap 250Sector · Telecom - Equipment & Accessories peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ITI Limited filed Q2 and H1 FY26 unaudited results. H1 FY26 loss narrowed to Rs 11,795 lakhs from Rs 16,164 lakhs. Revenue fell to Rs 104,142 lakhs from Rs 153,618 lakhs. Auditor issued disclaimer of conclusion citing insufficient evidence on revenue recognition and unresolved audit matters. Auditor flagged material uncertainty on going concern from continued losses. Management cites Government support and order book of Rs 16,72,814 lakhs.

Likely market impact

Auditor disclaimer and going concern flag raise serious concerns for shareholders. Watch unresolved audit issues and losses versus order book support.