This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Regulation 30 & 33 of SEBI LODR - Outcome of Board Meeting - Audited Financial Statements for the quarter and Year ended 31st March 2026
ITI · price
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ITI Ltd has reported audited financial results for FY2026 with Revenue from Operations declining to Rs 2,18,372 lakhs from Rs 3,61,642 lakhs in FY2025, a fall of approximately 40%. However, the company returned to profitability with PAT of Rs 29,283 lakhs compared to a loss of Rs 21,489 lakhs in the previous year. The profit was boosted by an exceptional gain of Rs 83,219 lakhs from sale of land and buildings to the Central Tax Department, partially offset by bad debts write-off of Rs 30,168 lakhs. The auditors (B.K. Ramadhyani & Co. LLP) have issued a DISCLAIMER of Opinion citing 31 basis paragraphs covering inadequate internal controls, unreliable fixed asset records, unreconciled land titles, incomplete GST/income tax reconciliation, improper revenue recognition, and unassessed contingent liabilities. The auditors have also flagged a Material Uncertainty regarding Going Concern as current liabilities exceed current assets.
The Disclaimer of Opinion from auditors is a severe red flag indicating fundamental concerns about financial statement reliability. Investors should be cautious as multiple accounting standards (Ind AS 2, 16, 36, 40, 109, 115, 116, 119) appear to be non-compliant. The Going Concern uncertainty combined with the company's ongoing revival plan status adds further risk. The revenue decline of ~40% YoY also signals operational challenges beyond accounting issues.
| 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.