Board Meeting Details

The Board of Directors meeting was held on Friday, November 06, 2026, commencing at 03:00 PM and concluding at 06:00 PM. The board approved and took on record:

  • Un-Audited Standalone and Consolidated Financial Results for the Quarter and Half-year ended September 30, 2026
  • Limited Review Report on Un-Audited Standalone and Consolidated Financial Results for the Quarter ended September 30, 2026

Consolidated Financial Performance (₹ in lacs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹28,338.35
  • Other income: ₹50.20
  • Total income: ₹28,388.55
  • Total expenses: ₹27,517.11
  • Profit before tax: ₹871.44
  • Tax expense: ₹40.04
  • Current tax: ₹23.72
  • Deferred tax: ₹19.54
  • Income tax for earlier years: ₹(0.52)
  • Profit for the period: ₹831.40
  • Total Comprehensive Income: ₹3,309.40
  • Basic and diluted EPS: ₹5.10

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹13,963.30
  • Other income: ₹16.75
  • Total income: ₹13,980.05
  • Total expenses: ₹13,528.26
  • Profit before tax: ₹402.95
  • Tax expense: ₹26.07
  • Current tax: ₹10.95
  • Deferred tax: ₹13.82
  • Income tax for earlier years: ₹3.02
  • Profit for the period: ₹376.88
  • Total Comprehensive Income: ₹555.24
  • Basic and diluted EPS: ₹2.31

Standalone Financial Performance (₹ in lacs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹314.99
  • Other income: ₹22.55
  • Total income: ₹337.54
  • Total expenses: ₹263.17
  • Profit before tax: ₹74.37
  • Tax expense: ₹17.30
  • Current tax: ₹12.77
  • Deferred tax: ₹4.53
  • Profit for the period: ₹57.07
  • Total Comprehensive Income: ₹57.88
  • Basic and diluted EPS: ₹0.35

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹644.74
  • Other income: ₹28.59
  • Total income: ₹673.33
  • Total expenses: ₹536.35
  • Profit before tax: ₹136.98
  • Tax expense: ₹21.54
  • Current tax: ₹23.72
  • Deferred tax: ₹(2.18)
  • Profit for the period: ₹115.44
  • Total Comprehensive Income: ₹117.06
  • Basic and diluted EPS: ₹0.71

Capital Structure

Paid-up equity share capital: ₹1,631.17 lacs (face value of ₹10 each, fully paid up)

Subsidiary Information

The consolidated results include the following entities:

1. Intrasoft Ventures Pte Ltd. (Singapore)

2. 123Greetings.com, Inc. (USA)

3. One Two Three Greeting (India) Pvt. Ltd. (India)

4. 123 Stores, Inc. (USA) [Subsidiary of IVPL]

5. 123Stores E commerce Pvt. Ltd. (India) [Subsidiary of 123Stores, Inc.]

Auditor's Review

M/s. K.N. Gutgutia & Co., Chartered Accountants, issued limited review reports on both standalone and consolidated financial results. Their review concluded that nothing came to their attention causing them to believe that the statements contain any material misstatement or fail to disclose required information under Regulation 33 of SEBI Listing Regulations.

The auditors noted that for one step-down subsidiary with significant financials (total assets of ₹30,647.06 lacs, total income of ₹14,324.60 lacs for Q2 FY26), they relied on other auditors' reports. For 3 subsidiaries and one step-down subsidiary with unaudited financials (total assets of ₹16,406.56 lacs), they relied on management-certified accounts.

Additional Information

  • The company operates in a single business segment of Internet-based delivery of products and services
  • Previous period figures have been re-grouped/re-classified wherever necessary
  • Financial results are available on the company's website www.itlindia.com
  • The consolidated group comprises the parent company and five subsidiaries (including two step-down subsidiaries)