Investment Trust of India has reported its consolidated financial results for the quarter ended September 30, 2025, showing a net profit after tax of ₹561.01 crores. This represents a significant decline from the previous quarter's profit of ₹1,020.80 crores, marking a 45.02% decrease in profitability.

Financial Performance Overview

The company's Q2 performance presents a mixed picture with revenue growth offset by declining profitability. While operational revenue increased substantially, the bottom line was impacted by higher expenses across multiple categories.

Segment-wise Performance

The company's diversified business model spans multiple financial services segments, each contributing differently to overall performance:

Expense Analysis

The quarter saw increased operational expenses that impacted profitability:

Corporate Actions and Developments

The Board has approved several strategic initiatives during the quarter. The extension of the FFSIL-Employee Stock Option Plan 2017 to eligible employees of subsidiary companies covers 30 lakh equity shares with an exercise price at face value of ₹10 per share. Additionally, the company approved the redemption of 10,050 unlisted 0% Optionally Convertible Preference Shares (OCPS) of ₹325 each, due for redemption on December 30, 2025.

Consolidated Structure

The consolidated results encompass performance from multiple subsidiaries including ITI Securities Broking Limited, ITI Credit Limited, ITI Asset Management Limited, Fortune Management Advisors Limited, and Antique Stock Broking Limited, among others. The group also includes its share of profit from associate ITI Finance Limited, which contributed ₹547.45 crores during the quarter.

Outlook Considerations

The company continues to navigate the pending scheme of arrangement for demerging its 'Non-lending Business Undertaking' into Distress Asset Specialist Limited, a wholly owned subsidiary. This demerger, approved by the Board in June 2022, remains subject to approvals from stock exchanges, company members, and the National Company Law Tribunal.

Investment Trust of India Limited (ITI) shareholders have approved the re-appointment of Mrs. Papia Sengupta as an Independent Director for a second term of five years, extending from December 19, 2025, to December 18, 2030. The decision was made during the company's 34th Annual General Meeting (AGM) held on August 25, 2025.

Extensive Banking Experience

Mrs. Sengupta, who holds the Director Identification Number (DIN) 07701564, brings over three decades of banking sector experience to her role. Her impressive career includes serving as Executive Director at Bank of Baroda and Chief General Manager at the State Bank Group.

Areas of Expertise

Her expertise spans several critical areas in the financial sector:

• Corporate & MSME Finance
• Stressed Assets Management
• Risk Management
• Banking
• Treasury & Investment
• Audit & Inspection
• Overseas Banking
• Human Resource Management

Professional Qualifications

Mrs. Sengupta's professional qualifications include:

• CAIIB (Certified Associate of Indian Institute of Bankers) from the Indian Institute of Banking and Finance
• Chartered Financial Analyst (CFA) program from ICFAI (Institute of Chartered Financial Analysts of India)

Independence and Shareholding

The company disclosed that Mrs. Sengupta is not related to any of the company's directors. Additionally, she does not hold any shares in Investment Trust of India Limited.

AGM Details

The 34th AGM of Investment Trust of India Limited was conducted through video conferencing, in compliance with regulatory guidelines. The meeting commenced at 11:00 A.M. and concluded at 12:01 P.M. IST.

Other Key Resolutions

Apart from Mrs. Sengupta's re-appointment, several other resolutions were passed at the AGM, including:

1. Adoption of audited financial statements for the fiscal year ended March 31, 2025
2. Appointment of Mr. Chintan Valia as a director liable to retire by rotation
3. Appointment of a Secretarial Auditor
4. Amendment to the 'FFSIL - Employees Stock Option Plan 2017'
5. Approval for dilution of equity interest in subsidiary ITI Gold Loans Limited
6. Approval of material related party transactions for the company and its subsidiaries

The resolutions were passed with the requisite majority, as confirmed by the scrutinizer's report.

This re-appointment of Mrs. Papia Sengupta underscores Investment Trust of India's commitment to maintaining strong corporate governance and leveraging experienced leadership in the financial sector.