Indian Toners & Developers Limited has announced the reaffirmation of its credit ratings by CRISIL Ratings on December 23, 2025. The company communicated this development to BSE Limited under Regulation 30 of SEBI (LODR) Regulations, 2015, providing transparency regarding its outstanding debt instruments and facilities ratings.

Credit Rating Details

CRISIL Ratings has reaffirmed the company's credit ratings across both long-term and short-term bank facilities. The rating action demonstrates the agency's continued confidence in the company's creditworthiness and financial position.

Regulatory Compliance

The rating intimation was filed with BSE Limited, where the company's scrip code is 523586. Company Secretary and Compliance Officer Vishesh Chaturvedi signed the regulatory filing, ensuring compliance with SEBI's listing obligations and disclosure requirements. The communication maintains transparency with stakeholders regarding the company's credit profile and outstanding ratings on debt instruments and banking facilities.

Corporate Structure

Indian Toners & Developers Limited operates from its corporate office located at 1223, DLF Tower B, Jasola, New Delhi-110025. The company maintains registered offices across multiple locations including Rampur-Bareilly Road in Uttar Pradesh and Sidcul Industrial Park in Uttarakhand, supporting its operational infrastructure and business activities.

Indian Toners & Developers Ltd , a key player in the toner manufacturing industry, has released its financial results for the second quarter and half-year ended September 30, 2025, showcasing a mixed performance with growth in revenue but a slight dip in quarterly profits.

Financial Highlights

Key Takeaways

1. Revenue Growth: The company's total revenue from operations for Q2 FY2026 increased to Rs 3885.49 lakh, up 3.12% from Rs 3767.90 lakh in the same quarter last year.

2. Profit Performance: Despite the revenue growth, net profit for Q2 FY2026 slightly decreased to Rs 538.45 lakh, compared to Rs 550.59 lakh in Q2 FY2025, marking a 2.20% decline.

3. Half-Year Performance: For the half-year period, Indian Toners & Developers showed significant improvement, with net profit rising to Rs 1322.51 lakh from Rs 931.72 lakh in the previous year, representing a 41.94% increase.

4. Earnings Per Share: The company's EPS for the quarter stood at Rs 5.18, slightly higher than Rs 5.07 in the same quarter last year.

Dividend Declaration

The Board of Directors has declared an interim dividend of Rs 6.00 per equity share for the financial year 2025-26. The record date for dividend eligibility is set for November 14, 2025, with the payment expected to be made on or before December 9, 2025.

New Business Venture

Indian Toners & Developers has approved a proposal to commence a new business project. This venture will focus on trading, assembling, and manufacturing stationery items, marking the company's entry into a new market segment. This diversification move aims to expand business operations and explore new growth opportunities.

Market Implications

While the quarterly profit showed a marginal decline, the substantial half-yearly growth and the announcement of a significant interim dividend may impact investor sentiment. The company's venture into the stationery sector could potentially open up new revenue streams, although its impact on the company's financials remains to be seen in the coming quarters.

Investors and market analysts will likely monitor how Indian Toners & Developers balances its core toner business with this new stationery venture, and how it might affect the company's overall growth trajectory and profitability in the medium to long term.

As the company navigates through these strategic changes and market conditions, stakeholders will be keen to see how these initiatives translate into financial performance and shareholder value in the upcoming quarters.