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ITI Limited

5 articles
ITI Limited's financial performance in FY26 was significantly impacted by a ₹449 crore gain from land sales, resulting in a profit of ₹293 crore, a stark contrast to the previous year’s loss. However, this positive outcome is tempered by a disclaimer opinion from auditors regarding internal controls and revenue recognition practices, alongside ongoing title deed uncertainties. Despite operational challenges and SEBI penalties related to board governance, the company maintains a robust order book of ₹18,637 crore, bolstered by key defense and telecom projects like ASCON Phase-IV and BharatNet Phase-III, suggesting continued government support will be crucial for navigating these complexities and ensuring sustainable future growth.