ITL Industries reported a 31% year-on-year rise in net profit to ₹3.00 crore for the quarter ended June 30, 2026, driven by significant growth in its trading activities. The company’s operating income from operations expanded 26% to ₹52.19 crore, reflecting improved operational execution across its core segments.

The Board of Directors approved the unaudited financial results and recommended a dividend for FY26 during its meeting held on August 13, 2026. The company also announced that M.M. Metals Private Limited ceased to be a subsidiary effective March 20, 2026, following the disinvestment of its entire shareholding.

Financial Performance

Operating expenses rose in line with revenue growth, with cost of raw materials increasing to ₹24.71 crore and employee benefit expenses rising to ₹5.12 crore. Finance costs remained stable at ₹0.44 crore. Tax expenses were recorded at ₹0.88 crore, comprising current tax of ₹0.85 crore and deferred tax of ₹0.03 crore.

Segment-Wise Analysis

The trading activities segment emerged as the primary growth driver, contributing significantly to the overall profit expansion.

Machine manufacturing revenue stood at ₹36.26 crore, generating a pre-tax profit of ₹2.98 crore. Trading activities revenue grew sharply to ₹21.05 crore from ₹14.81 crore in the same period last year, with segment profit jumping to ₹1.34 crore from ₹0.99 crore. Inter-segment revenue was eliminated at ₹4.62 crore.

What the Numbers Show

The divergence between revenue growth and profit expansion highlights the improving contribution margin in the trading segment. While machine manufacturing revenue grew moderately, the trading segment’s profit nearly doubled, indicating higher value realization or volume efficiency in trading operations compared to the previous year.

Corporate Actions

The Board approved several administrative and governance measures:

• Re-appointment of the Cost Auditor for FY27.
• Enhancement of remuneration ceilings for Mr. Ravish Jain, Mr. Prakhar Jain, Mr. Manish Jain, and Mr. Shekhar Jain, subject to member approval.
• Approval of material related-party transactions under Section 188 of the Companies Act, 2013.
• Adoption of new Memorandum and Articles of Association aligned with Schedule I of the Companies Act, 2013.

The 38th Annual General Meeting is scheduled for September 22, 2026, with the record date for dividend entitlement set as September 15, 2026. I G & Associates have been appointed as the scrutinizer for e-voting and the AGM.

ITL Industries has closed its trading window effective July 1, 2026, to ensure compliance with insider trading regulations ahead of its financial announcement for the quarter ended June 30, 2026. The window will remain shut until 48 hours after the company declares its unaudited financial results for the period. This measure restricts designated insiders from dealing in the company's shares to prevent the misuse of unpublished price-sensitive information.

The closure follows the provisions of the SEBI (Prohibition of Insider Trading) Regulation, 2015, and relevant BSE circulars. The restriction applies to all promoters and members of the promoter group, directors, key managerial personnel (KMPs), designated persons, employees, and their immediate relatives. Connected persons, including statutory, internal, cost, and secretarial auditors, are also prohibited from trading in the shares during this period.

Compliance and Restrictions

The company's internal code of conduct mandates that no specified person should deal in shares either directly or indirectly while the trading window is closed. Dealing in shares includes buying, selling, or agreeing to buy or sell shares as a principal or agent. Designated employees must obtain pre-clearance from the compliance officer before trading in equity shares once the window reopens.

The table below details the categories of personnel affected by the trading window closure:

Board Meeting Schedule

The company stated that the date of the board meeting to approve the unaudited financial results for the quarter ended June 30, 2026, will be informed in due course. Manoj Maheshwari, Company Secretary & Compliance Officer, signed the circular dated June 23, 2026, notifying the stakeholders of the closure.