Board meeting outcome
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The board of Titan Intech Ltd approved unaudited financial results for Q2 and H1 FY26 ended September 30, 2025, alongside the limited review report from statutory auditors. Q2 FY26 revenue stood at Rs. 687.49 lakhs (up ~32% YoY from Rs. 520.06 lakhs) with PAT of Rs. 112.69 lakhs (up ~28% YoY from Rs. 87.71 lakhs). For H1 FY26, revenue reached Rs. 1,184.54 lakhs and PAT was Rs. 176.91 lakhs (up ~33% YoY from Rs. 132.75 lakhs). The board also approved capitalization of Rs. 5.05 crores in R&D spending for next-gen 3D display controllers, AI-enabled visualization tech, and RDSO-approved PIS systems for Indian Railways. Additionally, 51.5 lakh equity shares were allotted to Nadem Township Private Limited on conversion of warrants at Rs. 55/share.
Strong YoY revenue and profit growth point to improving business momentum in the display/AI technology segment, but the warrant conversion to Nadem Township Private Limited results in equity dilution for existing shareholders. The Rs. 5.05 crore R&D capitalization signals management's focus on building future-ready IP rather than near-term expense recognition.