IST reported a consolidated net profit of ₹831.1 crore for the first quarter ended June 30, 2026, an increase from ₹723.5 crore in the same period last year. The company’s total income rose to ₹1,218.1 crore, compared to ₹1,017.7 crore year-on-year. On a standalone basis, the company posted a net profit of ₹349.8 crore, reversing a loss of ₹95.0 crore recorded in Q1FY26.

The top-line growth of approximately 18.7% outpaced the bottom-line growth of roughly 14.9%, suggesting that operating margins may have contracted during the period despite higher sales volumes. The Board of Directors approved the financial results at its meeting held on August 14, 2026.

Financial Highlights

What the Numbers Show

Revenue grew faster than net profit in the quarter. With consolidated revenue increasing by nearly 19% while net profit climbed by less than 15%, the data indicates a divergence between top-line expansion and bottom-line retention. This pattern suggests that costs or expenses rose at a higher rate than revenue, leading to a slight compression in overall profitability efficiency compared to the prior year period. However, the standalone segment demonstrated significant operational improvement, moving from a loss position to a substantial profit.

Key Operational Metrics

• Total Comprehensive Income (Consolidated): ₹13,215.2 crore for the quarter, compared to a negative ₹3,115.8 crore in Q1FY26.
• Earnings Per Share (Consolidated): Basic EPS stood at ₹71.25, a significant increase from a diluted EPS of -₹8.15 in the previous year’s corresponding quarter.
• Equity Share Capital: Remained unchanged at ₹584.7 crore.

IST Limited has appointed M/s. Pawan K Singla & Co., Chartered Accountants, as its Internal Auditors for the financial year 2026-27. The Board of Directors approved the appointment on July 30, 2026, acting on the recommendation of the Audit Committee. This change follows the completion of the tenure of the previous internal auditors, M/s Jinendra & Co., who are no longer associated with the company in this capacity.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Master Circular No. HO/49/14/14(7)/2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its intimation to the exchanges. The Board meeting commenced at 11:15 A.M. and concluded at 2:15 P.M. on July 30, 2026.

Auditor Profile and Expertise

M/s. Pawan K Singla & Co. is a senior Chartered Accountancy firm with registration number FRN: 021595N and approximately 20 years of professional experience. The firm provides a range of audit services including Statutory Audit, Branch Audit, Concurrent Audit, Internal Audit, Stock Audit, GST Audit, Information System Audit, and Special Investigation Audit.

In addition to audit services, the firm offers corporate consultancy services covering Direct and Indirect Taxation, restructuring, Financial planning, Investment Layering, and Portfolio management for clients and corporates.

Appointment Details

The appointment ensures continuity in internal audit functions for IST Limited as it enters the new financial year. There are no disclosed relationships between the directors of IST Limited and the newly appointed internal auditors.