The Investment Trust Of India Limited has informed the Exchange regarding Appointment of Mr Sidharth and Prabhakar as Independent Director of the company w.e.f. May 09, 2025.
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The board approved audited consolidated and standalone financial results for Q4 and FY ended March 31, 2025. On a consolidated basis, total income rose to ₹36,499 lakhs (FY24: ₹30,567 lakhs) and net profit more than doubled to ₹4,592 lakhs (FY24: ₹1,997 lakhs), with EPS at ₹8.14 vs ₹3.56. Standalone FY25 results were weak with a marginal profit after tax of ₹16.55 lakhs. Mr. Alok Kumar Misra resigned as Independent Director citing pre-occupation and personal commitments. Mr. Sidharth Rath and Mr. Banavar Anantharamaiah Prabhakar were appointed as Additional Independent Directors, subject to shareholder approval via postal ballot. The board also approved transferring the fund/asset management and advisory business to wholly owned subsidiary ITI Asset Management Limited.
Strong consolidated earnings growth, driven by broking and financing segments, is a positive for shareholders. Board reshuffle and the proposed hive-off of the asset management business to a subsidiary could streamline the group's structure, but the weak standalone performance and pending demerger scheme keep some uncertainty. Stock may react neutrally to positively on the earnings beat.