IST LIMITED

Disclosure Context

IST Limited submitted regulatory filings to BSE Limited regarding the outcome of its Board Meeting held on November 12, 2026. The Board, on recommendation of the Audit Committee, approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026. The meeting commenced at 12:30 PM IST and concluded at 4:00 PM IST.

Financial Results - Standalone Performance

Quarter Ended September 30, 2026 (Q2 FY2026):

  • Total Income: ₹(-)174.77 lakhs (compared to ₹5,024.64 lakhs in Q2 FY2025)
  • Total Expenses: ₹936.07 lakhs
  • Profit/(Loss) before tax: ₹(-)1,110.84 lakhs (loss)
  • Tax Expense: ₹(-)125.01 lakhs
  • Net Profit/(Loss) after tax: ₹(-)985.83 lakhs (loss)
  • Basic EPS: ₹(-)8.45 (loss per share)

Half Year Ended September 30, 2026 (H1 FY2026):

  • Total Income: ₹3,977.99 lakhs
  • Total Expenses: ₹897.35 lakhs
  • Profit before tax: ₹4,127.29 lakhs
  • Tax Expense: ₹629.16 lakhs
  • Net Profit after tax: ₹3,498.13 lakhs
  • Basic EPS: ₹29.99

Financial Results - Consolidated Performance

Quarter Ended September 30, 2026 (Q2 FY2026):

  • Total Income: ₹3,610.70 lakhs (compared to ₹2,868.90 lakhs in Q2 FY2025)
  • Total Expenses: ₹3,973.10 lakhs
  • Profit before share of associate and tax: ₹2,476.85 lakhs
  • Share of profit of associate: ₹41.99 lakhs
  • Profit before tax: ₹2,518.84 lakhs
  • Tax Expense: ₹768.11 lakhs
  • Net Profit after tax: ₹1,750.73 lakhs (attributable to owners)
  • Other Comprehensive Income: ₹9,761.41 lakhs
  • Total Comprehensive Income: ₹11,512.14 lakhs
  • Basic EPS: ₹15.01

Half Year Ended September 30, 2026 (H1 FY2026):

  • Total Income: ₹7,099.90 lakhs
  • Total Expenses: ₹12,181.29 lakhs
  • Profit before share of associate and tax: ₹9,918.05 lakhs
  • Share of profit of associate: ₹6.06 lakhs
  • Profit before tax: ₹9,924.11 lakhs
  • Tax Expense: ₹1,613.25 lakhs
  • Net Profit after tax: ₹8,310.86 lakhs (attributable to owners)
  • Other Comprehensive Income: ₹4,904.30 lakhs
  • Total Comprehensive Income: ₹13,215.16 lakhs
  • Basic EPS: ₹71.25

Segment Analysis - Consolidated

The Group has two reportable segments:

Manufacturing Segment:

  • Q2 FY2026 Revenue: ₹950.10 lakhs
  • H1 FY2026 Revenue: ₹1,996.75 lakhs
  • Q2 FY2026 Profit before tax & finance cost: ₹(-)1,101.66 lakhs (loss)
  • H1 FY2026 Profit before tax & finance cost: ₹3,035.22 lakhs

SEZ Segment:

  • Q2 FY2026 Revenue: ₹2,660.60 lakhs
  • H1 FY2026 Revenue: ₹5,103.15 lakhs
  • Q2 FY2026 Profit before tax & finance cost: ₹3,737.40 lakhs
  • H1 FY2026 Profit before tax & finance cost: ₹9,728.63 lakhs

Balance Sheet Position (as at September 30, 2026)

Standalone:

  • Total Assets: ₹37,119.33 lakhs
  • Total Equity: ₹34,538.30 lakhs
  • Paid-up Equity Share Capital: ₹584.68 lakhs (Face value ₹5 per share)
  • Other Equity: ₹33,953.62 lakhs

Consolidated:

  • Total Assets: ₹2,08,851.51 lakhs
  • Total Equity: ₹1,93,948.94 lakhs
  • Paid-up Equity Share Capital: ₹584.68 lakhs
  • Other Equity: ₹1,93,364.26 lakhs

Cash Flow Analysis (H1 FY2026)

Standalone:

  • Cash from Operating Activities: ₹181.93 lakhs
  • Cash from Investing Activities: ₹(-)188.22 lakhs
  • Cash from Financing Activities: ₹(-)62.40 lakhs
  • Net decrease in cash: ₹(-)68.69 lakhs

Consolidated:

  • Cash from Operating Activities: ₹2,950.43 lakhs
  • Cash from Investing Activities: ₹(-)2,992.33 lakhs
  • Cash from Financing Activities: ₹(-)108.90 lakhs
  • Net decrease in cash: ₹(-)150.80 lakhs

Auditor's Review

M/s. VSVG & Co. issued unmodified review reports for both standalone and consolidated financial results. Key qualifications:

  • Did not review interim financial statements of wholly owned subsidiary Gurgaon Infospace Limited (total assets: ₹1,70,434.88 lakhs as at September 30, 2026)
  • Relied on review reports of other auditors for subsidiary figures
  • Associate company IST Steel and Power Limited results were unaudited and furnished by management
  • Considered subsidiary and associate figures not material to the Group

Notes to Financial Results

1. Prepared in accordance with Indian Accounting Standards (Ind AS)

2. Reviewed by Audit Committee and approved by Board of Directors on November 12, 2026

3. Two reportable segments on consolidated basis: manufacturing and SEZ segments

4. Other income for Q2 FY2026 is negative due to loss on fair value of investments measured at FVTPL

5. Previous period figures have been re-grouped/re-arranged where necessary