Integrated Thermoplastics reported a net profit of ₹4.96 crore for the financial year ended March 31, 2026 (FY26), reversing a net loss of ₹6.06 crore in the previous year. The company also announced that its 32nd Annual General Meeting will be held on September 30, 2026.

The turnaround in profitability was primarily driven by a significant increase in other income, which rose to ₹9.84 crore from just ₹0.05 crore in FY25. This non-operating gain offset a sharp decline in core business performance, as revenue from operations fell 62% to ₹2.45 crore from ₹6.50 crore in the prior year.

Financial Performance

Total income for the company increased by approximately 87.70% to ₹12.29 crore in FY26, up from ₹6.55 crore in FY25. Despite the lower top-line revenue, total expenses decreased significantly to ₹7.22 crore from ₹12.47 crore in the previous financial year.

The company reported earnings per share (basic) of ₹7.88 for FY26, compared to a loss per share of ₹9.64 in FY25. The Board of Directors did not recommend any dividend for the financial year, citing the need to conserve resources for operational and financial obligations.

What the Numbers Show

The reported profitability masks underlying operational challenges. While the bottom line turned positive, the operating profit margin deteriorated to (181.87%) from -91.86% in the previous year. This divergence highlights that the net profit was not derived from core manufacturing or trading activities but was substantially supported by other income. Consequently, the improvement in reported profitability should not be construed as a recovery in core operating performance.

Balance Sheet and Liquidity

The company continues to face liquidity pressures, with a current ratio declining to 0.04:1 from 0.19:1 in FY25. Total equity remains negative at ₹53.71 crore, although this is an improvement from the negative net worth of ₹58.66 crore in FY25. Trade payables stood at ₹26.85 crore, significantly higher than the material consumption of ₹2.22 crore during the year, indicating reliance on supplier credit to fund operations.

Governance and Compliance

The statutory auditors issued a qualified opinion on the financial statements. Key qualifications included the inability to obtain sufficient audit evidence for certain debtors and creditors due to pending confirmations. Additionally, the company has not appointed an internal auditor as required under Section 138 of the Companies Act, 2013, though management stated that the process for appointment is underway.

The secretarial audit report highlighted several compliance gaps, including deactivated Director Identification Numbers (DINs) for three independent directors and the non-constitution of an Internal Complaints Committee under the Sexual Harassment of Women at Workplace Act. The company also noted that provisions related to Corporate Social Responsibility (CSR) will become applicable from FY27 based on its financial parameters.

Integrated Thermoplastics Limited has scheduled a board meeting for September 7, 2026, to approve its annual report and secretarial audit findings for the fiscal year ending March 2026.

The company notified the BSE Limited under Regulation 29 of the SEBI (LODR) Regulations, 2015, regarding the upcoming session. The notice was issued on September 2, 2026, by Chief Financial Officer Vydana Venkata Rao.

Agenda Details

The board will consider three primary items during the meeting:

• Take note of the Secretarial Audit Report for FY26.
• Review and approve the Annual Report, including the Directors' Report, for FY26.
• Finalize the date, time, and venue for the 32nd Annual General Meeting (AGM).

The corporate office is located in Hyderabad, while the registered office is in Medak district, Telangana.