PS IT Infrastructure & Services FY26 Results: Net loss widens 283% to ₹165.7 lakh
- Net loss widened 284% YoY to ₹165.66 lakh in FY26
- Revenue surged to ₹1,004.13 lakh, driven by ₹1,003.99 lakh from equity share sales
- Company is under Corporate Insolvency Resolution Process since April 2026
- Finance costs rose 194% to ₹71.84 lakh amid rising debt obligations
*this image is generated using AI for illustrative purposes only.
PS IT Infrastructure & Services reported a net loss of ₹165.66 lakh for FY26, a significant widening from the ₹43.14 lakh loss recorded in the previous year. The Mumbai-based finance and investment firm filed its annual report while under the Corporate Insolvency Resolution Process (CIRP), with operations managed by a Resolution Professional.
Financial Performance
Total revenue for the year stood at ₹1,004.13 lakh, a sharp increase from ₹17.04 lakh in FY25. This surge was primarily driven by ₹1,003.99 lakh from the sale of equity shares, rather than core operational growth. Other income contributed a negligible ₹0.14 lakh.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue | ₹1,004.13 lakh | ₹17.04 lakh | +5809% |
| Net Loss | ₹165.66 lakh | ₹43.14 lakh | +284% |
| Finance Costs | ₹71.84 lakh | ₹24.42 lakh | +194% |
Finance costs rose to ₹71.84 lakh from ₹24.42 lakh in the prior year, reflecting higher borrowing costs. Total expenses reached ₹1,225.53 lakh, including ₹1,617.27 lakh in purchases of stock-in-trade, offset by a decrease in inventories of ₹489.44 lakh.
What the Numbers Show
The revenue spike is non-operational in nature. With ₹1,003.99 lakh of the ₹1,004.13 lakh total revenue coming from equity share sales, the company’s core business generated minimal income. This reliance on asset liquidation to generate top-line figures, combined with rising finance costs, underscores the liquidity pressures that led to the insolvency proceedings.
Insolvency Proceedings
The National Company Law Tribunal (NCLT), Mumbai Bench, initiated the CIRP on April 29, 2026, following a petition by operational creditor Golden Medows Export Private Limited. Mr. Rajneesh Kumar Aggarwal was appointed as the Resolution Professional to manage the company’s affairs. Consequently, the powers of the Board of Directors were suspended.
The auditors highlighted material uncertainties regarding the going concern status, noting that the financial statements were prepared based on records provided by the erstwhile management. The company also faced defaults in loan repayments to multiple lenders, including Bahubali Properties Pvt. Ltd and Dove Suppliers Pvt. Ltd.
Governance and AGM
The 44th Annual General Meeting is scheduled for September 21, 2026, to be held via Video Conferencing. Shareholders will vote on the re-appointment of Mr. Kawarlal K. Ojha as a director liable to retire by rotation. No dividend has been recommended for the year due to accumulated losses.
Historical Stock Returns for PS IT Infrastructure & Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.72% | +11.32% | +42.74% | +31.11% | +19.59% | 0.0% |
What is the timeline for the Resolution Professional to submit a resolution plan to the NCLT, and what are the primary hurdles in securing creditor approval?
How might the suspension of the Board of Directors and the ongoing CIRP impact the company's ability to retain key operational staff or pursue new business contracts?
Given the reliance on equity share sales for revenue, are there remaining liquidatable assets that could be used to satisfy creditor claims during the insolvency process?
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