Indian Toners & Developers reported a 22% year-on-year decline in net profit to ₹6.09 crore for the quarter ended June 30, 2026, as revenue from operations contracted by 7% to ₹36.21 crore. The results, approved by the Board of Directors on July 28, 2026, reflect softer operational performance compared to the prior year period, where net profit stood at ₹7.84 crore.

The company’s total income for the quarter was ₹38.70 crore, down from ₹40.68 crore in Q1FY26. This decline was primarily driven by a drop in revenue from operations, which fell from ₹39.10 crore to ₹36.21 crore. While other income increased to ₹2.50 crore from ₹1.58 crore, it was insufficient to offset the revenue contraction. Total expenses decreased slightly to ₹30.74 crore from ₹31.82 crore in the same quarter last year, aided by a reduction in cost of materials consumed and power & fuel expenses.

Financial Performance Highlights

Earnings per share (EPS) for the quarter were reported at ₹1.17, down from ₹1.51 in Q1FY26. The EPS figures have been restated to reflect a recent corporate action. The company completed a sub-division (stock split) of its equity shares from ₹10 each to ₹2 each on a 1:5 basis. The record date for this split was July 17, 2026. Prior to the split, the basic EPS for Q1FY27 would have been ₹5.87.

What the Numbers Show

The divergence between revenue decline and expense management indicates operational pressure. While revenue fell by 7.4%, total expenses decreased by only 3.4%, leading to a sharper contraction in profit before tax (10.1%) and net profit (22.2%). Notably, finance costs remained stable at ₹3.87 lakh, suggesting no significant change in debt servicing obligations. However, the increase in other income by 58.1% to ₹2.50 lakh provided a minor cushion, though it did not alter the overall negative trend in profitability. The company continues to monitor regulatory changes under the New Labour Codes, having previously accounted for a one-time exceptional impact of ₹35.84 lakh in FY26.

The financial results were reviewed by the Audit Committee and approved by the Board on July 28, 2026. B.K. Shroff & Co., the statutory auditors, issued a limited review report under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditors stated that nothing came to their attention to suggest the unaudited financial results contained any material misstatement.

Indian Toners & Developers Ltd confirmed an interim dividend of ₹6.00 per equity share as the final dividend for FY 2025-26 at its 36th Annual General Meeting held on July 13, 2026. The meeting, held at the company's Registered Office in Rampur, saw the approval of audited financial statements for the year ended March 31, 2026. All resolutions were passed with the requisite majority, and the statutory auditors' and secretarial audit reports were unqualified.

The company secured shareholder approval for the re-appointment of key personnel to its board. Sh. Sushil Jain was re-appointed as Whole-time Director for a term of three years effective August 16, 2026. Sh. Satyendra Paroothi was re-appointed as Whole-time Director for a term of two years effective May 27, 2026. Additionally, Sh. Sanjay Gupta was re-appointed as Independent Director for a second term of five years effective June 22, 2026.

Sh. Akshat Jain was re-appointed as Director, retiring by rotation. The meeting was chaired by Sh. Sushil Jain, with attendance from directors including Shri Arun Kumar Garg, Chairman of the Audit Committee, and executive officers Mr. Surya Pratap Singh, Chief Financial Officer, and Mr. Vishesh Chaturvedi, Company Secretary.

Key Approvals

The Annual General Meeting ratified several governance and financial matters:

• Financial Results: Audited financial statements for FY 2025-26 were adopted.
• Dividend: Interim dividend of ₹6.00 per share confirmed as final dividend for FY 2025-26.
• Leadership: Re-appointment of Whole-time Directors and an Independent Director.

Director Re-appointments