IST Limited reported a consolidated net profit of ₹15,340.96 lakhs for the financial year ended March 31, 2026, despite recording a consolidated net loss of ₹850.24 lakhs for the quarter ended March 31, 2026. The company had posted a net profit of ₹1,676.53 lakhs in the corresponding quarter of the previous year. On a standalone basis, the company posted a net loss of ₹506.13 lakhs for the quarter, against a net profit of ₹59.31 lakhs in Q4 FY25, while the annual standalone net profit stood at ₹3,709.26 lakhs.

The Board of Directors at its meeting held on May 29, 2026, approved the audited annual financial statements, including the audited consolidated financial statements for FY26. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated Financial Performance

The consolidated total income for Q4 FY26 stood at ₹1,641.96 lakhs, a decrease from ₹3,250.73 lakhs in the prior year quarter. For the full year, consolidated total income rose to ₹25,932.34 lakhs from ₹22,251.80 lakhs in FY25. Total expenses for the quarter increased to ₹2,355.07 lakhs from ₹1,106.73 lakhs in the same period last year. The company reported a basic earnings per share (EPS) of (₹8.15) for the quarter and ₹131.90 for the year ended March 31, 2026, on a consolidated basis.

Segment Performance

The Group operates two reportable segments: Manufacturing and SEZ Operations. The SEZ Segment reported revenue of ₹2,475.93 lakhs for the quarter, while the Manufacturing Segment generated ₹965.86 lakhs. For the full year, the SEZ Segment contributed ₹9,219.45 lakhs to the total revenue, and the Manufacturing Segment contributed ₹3,396.59 lakhs. The Manufacturing Segment recorded a loss before tax and finance cost of ₹646.70 lakhs for the quarter, whereas the SEZ Segment posted a profit of ₹7.04 lakhs before tax and finance cost.

Financial Position and Cash Flows

As of March 31, 2026, the consolidated total assets stood at ₹1,82,241.91 lakhs, up from ₹1,56,087.87 lakhs in the previous year. Total equity increased to ₹1,69,221.69 lakhs from ₹1,47,322.42 lakhs. The company reported a net decrease in cash and cash equivalents of ₹298.84 lakhs for the year, bringing the closing balance to ₹471.11 lakhs. Other income for the quarter was negative at ₹(1,799.83) lakhs, primarily due to a loss on the fair value of investments measured at FVTPL.

ist has complied with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the financial year ended March 31, 2026, except for a specific instance of delayed filing. A practicing company secretary examined the entity's documents, records, and submissions to the stock exchanges to verify adherence to regulatory requirements during the review period.

The report highlights a single deviation regarding the non-submission of the Annual Report within the prescribed period. The Bombay Stock Exchange imposed a fine of ₹2360 on the listed entity for this late submission. The management has stated that it will ensure timely filing of all returns in the future to avoid such penalties.

Compliance Status and Subsidiaries

The company confirmed that all applicable policies under SEBI Regulations have been adopted by the board of directors and are updated regularly. It maintains a functional website where information is disseminated in a timely manner. The entity disclosed that it has one material subsidiary, Gurgaon Infospace Limited. None of the directors are disqualified under Section 164 of the Companies Act, 2013.

Governance and Disclosures

IST Limited conducted performance evaluations of the Board, Independent Directors, and Committees as prescribed. Prior approval of the Audit Committee was obtained for all related party transactions. The company is also in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, specifically regarding the maintenance of a structured digital database for unpublished price-sensitive information (UPSI).

The statutory auditors have not resigned from the company, and their term is valid until FY 2028-29. The report notes that the company does not have any Employee Benefit Scheme, and therefore, the related disclosure requirements are not applicable.