ITI Ltd revises net profit to ₹43,610 crore in corrigendum

1 min read Updated on 17 Jun 2026, 04:11 AM

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Shriram SScanX News Team

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ITI Limited published a corrigendum to its audited financial results for the quarter and year ended March 31, 2026, revising the quarterly net profit after tax to ₹43,610 crore from ₹37,514 crore. The standalone profit after tax for the quarter was also revised to ₹43,591 crore.

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ITI Limited has issued a corrigendum to its audited financial results for the quarter and year ended March 31, 2026. The corrigendum was published in The Hindu Business Line, Dakshin Bharat Rashtramat Hindi Daily, and Sanjevani on June 5, 2026. The filing was submitted to the stock exchanges under Regulation 47(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated Financial Performance

For the quarter ended March 31, 2026, the company reported a total income from operations of ₹62,765 crore. The net profit after tax for the quarter was revised to ₹43,610 crore, compared to the previously reported ₹37,514 crore. For the full year ended March 31, 2026, the total income from operations was ₹218,372 crore. The other comprehensive income for the year was reported as a loss of ₹849 crore.

Key Consolidated Metrics (₹ in crore)

Particulars	Quarter Ended 31-03-2026	Year Ended 31-03-2026
Total Income from Operations	62,765	218,372
Net Profit / (Loss) for the period before tax	(2,294)	(15,636)
Net Profit / (Loss) for the period after tax	43,610	29,283
Other comprehensive Income / (Loss) for the period	(849)	(849)
Total Comprehensive Income / (Loss) for the period	42,761	28,434
Earnings Per Share (Basic) (₹)	4.53	3.04

Standalone Financial Performance

On a standalone basis, the total income from operations for the quarter ended March 31, 2026, was ₹62,765 crore. The profit before tax and profit after tax for the quarter were both revised to ₹43,591 crore, up from the previously reported ₹37,536 crore. The other comprehensive income for the year was a loss of ₹849 crore, resulting in a total comprehensive income of ₹42,742 crore for the quarter.

The Audit Committee reviewed the financial results on May 28, 2026, and the Board of Directors approved them on the same day. The company confirmed that the substituted figures do not impact the consolidated and standalone profit for the financial year ended March 31, 2026.

Historical Stock Returns for ITI

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.90%	-1.50%	+4.50%	-3.67%	-5.71%	+130.58%

What specific accounting errors or adjustments led to the significant upward revision in net profit for the quarter?

How will the restated financials affect investor confidence and the stock's valuation in the upcoming trading sessions?

Will ITI Limited face any regulatory scrutiny or penalties from SEBI due to the delayed corrigendum?

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ITI Limited extends Rajesh Rai's Director (HR) role for 1 year

1 min read Updated on 16 Jun 2026, 01:01 AM

Reviewed by

Riya DScanX News Team

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The Appointments Committee of the Cabinet has approved a one-year extension for Shri Rajesh Rai to hold the additional charge of Director (HR) at ITI Limited, effective May 28, 2026. This supersedes a prior three-month extension. Rai, who is also the Chairman and Managing Director, will not receive additional remuneration for this role.

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The Appointments Committee of the Cabinet (ACC) has approved the extension of the additional charge for the post of Director (HR) at ITI Limited assigned to Shri Rajesh Rai. The extension is valid for a further period of one year effective May 28, 2026, or until further orders, whichever is earlier. This decision impacts the leadership structure of the state-owned telecommunications manufacturing company.

The Ministry of Communications, Department of Telecommunications, conveyed the approval through Order No. E-14-4/2021-PSA dated June 12, 2026. This order follows a previous communication dated May 27, 2026, which had initially entrusted the extension of the post for three months. The latest approval supersedes the earlier three-month tenure with a longer one-year mandate.

Shri Rajesh Rai currently serves as the Chairman and Managing Director of ITI Limited. While holding the additional charge of Director (HR), he will not be entitled to any additional remuneration beyond his existing emoluments. The appointment is subject to the conditions outlined by the Department of Personnel and Training (DoPT).

The company informed the stock exchanges regarding this development in a filing submitted on June 15, 2026. The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was signed by Y Sathyan, Company Secretary & Compliance Officer of ITI Limited.

Key Appointment Details

Detail	Information
Appointee	Shri Rajesh Rai
Role	Director (HR) - Additional Charge
Existing Role	Chairman and Managing Director
Extension Period	1 year
Effective Date	May 28, 2026
Order Date	June 12, 2026
Additional Remuneration	Not entitled