ITI (523610) Q1 25/26 earnings summary

Executive summary

• Reported consolidated revenue for Q1 FY26 was ₹51,105 lakhs, down from ₹108,103 lakhs in the previous quarter and ₹53,502 lakhs in Q1 FY25.

• Net loss for the quarter was ₹6,361 lakhs, compared to a net loss of ₹439 lakhs in the previous quarter and ₹9,131 lakhs in Q1 FY25.

• The company continues to operate under a government-approved revival plan, with ongoing support and financial assistance.

Financial highlights

• Revenue from operations for Q1 FY26 was ₹49,801 lakhs, with other income of ₹1,304 lakhs.

• Total expenses for the quarter were ₹57,076 lakhs, with major costs in purchases of stock-in-trade (₹44,337 lakhs) and finance costs (₹5,087 lakhs).

• Loss before tax stood at ₹6,361 lakhs, with an additional comprehensive loss of ₹530 lakhs.

• Basic and diluted EPS for the quarter was (₹0.66), reflecting continued losses.

Outlook and guidance

• Management maintains a going concern basis, citing a high-value order book of ₹19,158 crores and expected conversion of ₹1,862.22 crores in unbilled revenue within 12 months.

• Ongoing recovery processes and adequate working capital facilities are in place, with continued government support.