ITI Limited has reported a consolidated net profit of Rs 375.14 crore for the quarter ended March 31, 2026, compared to a net loss of Rs 4.38 crore in the same quarter last year. Revenue from operations for the quarter stood at Rs 627.65 crore, down from Rs 1,045.70 crore in the corresponding quarter of the previous year. Total income for the quarter was Rs 375.14 crore.
For the full fiscal year 2025-26, the company's consolidated net profit stood at Rs 292.83 crore, compared to a net loss of Rs 214.89 crore in FY25. Full-year revenue from operations was Rs 2,183.72 crore, compared to Rs 3,616.42 crore in the previous fiscal. The company reported earnings per share of Rs 3.04 for the full year, compared to a loss per share of Rs 2.24 in the prior year.
The results were significantly impacted by exceptional items of Rs 449.15 crore for the full year. These included a profit of Rs 832.19 crore from the sale of land and buildings measuring 21 acres to the Central Tax Department. The company also identified long-outstanding debtors for write-off amounting to Rs 301.68 crore during the year, which was disclosed under exceptional items.
ITI Limited's board of directors approved the disposal of identified surplus land parcels covering 10.275 acres and 44.032 acres respectively, with completion expected by March 31, 2027. The company continues execution of the Army Static Switched Communication Network Phase IV project worth Rs 8,280.36 crore for the Ministry of Defence. Proof of concept activities are in process and expected to be completed by December 31, 2026.
The company is under a revival plan after being referred to BIFR, with the CCEA approving financial assistance of Rs 4,156.79 crore, of which Rs 3,084.35 crore has been received. The board meeting for approving these results commenced on May 28, 2026 and concluded on May 29, 2026.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.