Financial Performance Highlights (Consolidated)

Income Statement (₹ in Lakhs):

  • Revenue from Operations: Q2 FY2026: ₹48,190; H1 FY2026: ₹90,702
  • Other Income: Q2 FY2026: ₹1,328; H1 FY2026: ₹2,166
  • Total Revenue: Q2 FY2026: ₹49,528; H1 FY2026: ₹92,868
  • Total Expenses: Q2 FY2026: ₹52,783; H1 FY2026: ₹99,356
  • Net Loss before tax: Q2 FY2026: ₹(3,255); H1 FY2026: ₹(6,488)
  • Exceptional Items: Q2 FY2026: ₹87 (Grant-in-Aid Capital: ₹109.70; Interest on Gratuity & PL: ₹37.18; Net: ₹72.52)
  • Net Loss for period: Q2 FY2026: ₹(3,144); H1 FY2026: ₹(6,368)
  • EPS (Basic & Diluted): Q2 FY2026: ₹(0.33); H1 FY2026: ₹(0.66)

Balance Sheet Position (as of September 30, 2026, ₹ in Lakhs):

  • Total Assets: ₹9,56,354 (Previous: ₹9,34,653)
  • Non-current Assets: ₹2,55,715
  • Current Assets: ₹7,00,639
  • Equity: ₹1,84,085 (Equity Share Capital: ₹96,285; Other Equity: ₹87,800)
  • Liabilities: ₹7,72,269 (Non-current: ₹18,117; Current: ₹7,53,152)

Standalone Performance

Income Statement (₹ in Lakhs):

  • Revenue from Operations: Q2 FY2026: ₹48,199; H1 FY2026: ₹90,702
  • Other Income: Q2 FY2026: ₹1,329; H1 FY2026: ₹2,166
  • Total Revenue: Q2 FY2026: ₹49,528; H1 FY2026: ₹92,868
  • Total Expenses: Q2 FY2026: ₹52,783; H1 FY2026: ₹99,356
  • Net Loss for period: Q2 FY2026: ₹(3,168); H1 FY2026: ₹(6,415)
  • EPS (Basic & Diluted): Q2 FY2026: ₹(0.33); H1 FY2026: ₹(0.67)

Key Operational and Contextual Notes

1. Revival Plan: The company is under a revival plan approved by the Cabinet Committee on Economic Affairs (CCEA) involving financial assistance of ₹4,15,679 lakhs, of which ₹3,08,435 lakhs has been received as of date.

2. Business Segments: Primarily engaged in manufacturing, trading, and servicing of telecommunications equipment and rendering associated ancillary services, including Defence projects. Operating primarily in India as a single geographical segment.

3. Shareholding Compliance: SEBI's minimum public shareholding requirement of 25% is not met (current promoter holding: 90.02%, public holding: 9.98%). The Ministry of Finance granted an extension till August 2026, and the matter is under consideration with DoT.

4. ASCON Project: The company has a contract with the Ministry of Defence worth ₹8,280.36 Crore for Army Static Switched Communication Network (ASCON) Phase IV, to be completed in three years with ten-year maintenance.

5. Going Concern: Management believes the going concern basis is appropriate due to:

  • Order book of ₹18,22,063 lakhs
  • Expected conversion of unbilled revenue of ₹2,40,848 lakhs
  • Adequate working capital from consortium banks
  • Continued government support
  • Land monetization plans

Cash Flow Highlights (Consolidated, ₹ in Lakhs)

  • Net cash from operating activities: ₹(34,832.25)
  • Net cash from investing activities: ₹8,586.37
  • Net cash from financing activities: ₹25,676.65
  • Net decrease in cash: ₹(569.23)
  • Cash equivalents at end: ₹1,870.33

Additional Information

  • Investor Complaints: Nil for the half year ended September 30, 2026
  • Results Availability: www.itiltd.in, www.bseindia.com, and www.nseindia.com
  • Board Composition: Not compliant with SEBI Listing Regulations due to insufficient independent directors; appointment process underway with Administrative Ministry