ITI Ltd e-auction for Bengaluru land parcel at ₹1685.40 crore reserve

National Land Monetization Corporation (NLMC) has initiated the process to monetize a significant real estate asset held by ITI Limited through an electronic auction. NLMC issued a request for proposal (RFP) on behalf of ITI Limited for the sale of a land parcel located in Krishnarajapuram, Bengaluru, Karnataka. The transaction involves a land extent of 44.03 acres, with the reserve price for the e-auction fixed at ₹1685.40 crore. This move aligns with broader corporate strategies to unlock value from non-core or idle assets, providing liquidity through structured monetization channels.

Transaction details

The key parameters of the proposed e-auction are as follows:

Parameter:	Details
Asset location:	Krishnarajapuram, Bengaluru, Karnataka
Land extent:	44.03 acres
Reserve price:	₹1685.40 crore
Auction type:	E-Auction
Intermediary:	National Land Monetization Corporation (NLMC)

Regulatory disclosure

ITI Limited made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company notified both the Bombay Stock Exchange and the National Stock Exchange of India Limited regarding the RFP issuance. Further details concerning the tender process are available on the ITI Official Website under the "Tender" section. The disclosure was signed by Y Sathyan, Company Secretary and Compliance Officer of ITI Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.91%	-0.91%	+0.39%	-1.01%	-3.82%	+142.31%

Indian Telephone Industries (ITI) Limited reported a consolidated net loss of ₹322.5 crore for the quarter ended June 30, 2026, compared to a net loss of ₹636.1 crore in the corresponding period of FY25. The company’s total income from operations stood at ₹4,250.3 crore, marking a 14.7% decline from ₹4,980.1 crore recorded in Q1FY26.

The Board of Directors approved the unaudited standalone and consolidated financial results during its meeting held on August 13, 2026. The results were reviewed by the Audit Committee on the same date.

Financial Performance

The company’s pre-tax loss narrowed to ₹323.3 crore in Q1FY27, down from ₹597.1 crore in Q1FY26. Basic earnings per share (EPS) were negative at ₹0.33, compared to a loss of ₹0.66 per share in the previous year’s quarter.

Metric	Q1FY27	Q1FY26	Change
Total Income	₹4,250.3 crore	₹4,980.1 crore	-14.7%
Net Profit / (Loss)	(₹322.5 crore)	(₹636.1 crore)	+49.3%
EPS (Basic)	(₹0.33)	(₹0.66)	+50.0%

On a standalone basis, ITI reported a net loss of ₹324.7 crore for the quarter, compared to a loss of ₹633.2 crore in Q1FY26. Standalone revenue remained consistent with consolidated figures at ₹4,250.3 crore.

What the Numbers Show

The divergence between the narrowing operational loss and the decline in top-line revenue suggests improved cost containment or margin stabilization despite lower sales volumes. While revenue contracted by nearly 15%, the absolute reduction in net loss was significantly sharper at approximately 49%. This indicates that fixed costs or specific expense lines may have been better managed relative to the drop in operational income, or that non-operating factors contributed to the variance in the bottom line compared to the top line.

Regulatory Disclosures

The financial results were published in compliance with Regulation 47(1)(b) and 47(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The newspaper publication appeared in The Hindu Business Line, Sanjevani, and Dakshin Bharat Rashtramath on August 14 and 15, 2026. C V Ramana Babu, Director Finance & Chief Financial Officer, signed off on the financial statement.