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Indian Toners & Developers Ltd. Interim / Quarterly Report 2026
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Interim / Quarterly Report
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Indian Toners & Developers Ltd.
(A Govt. recognized Export House) CIN No.: L74993UP1990PLC015721
Corporate Office: 1223, DLF Tower B, Jasola, New Delhi - 110 025 (India)
ITDL/STOCK/27-B
11.05.2026
The Secretary,
M/s. B S E Limited,
Phiroze Jeejeebhoy Tower,
Dalal Street,
Mumbai - 400 001.
SCRIP CODE: 523586
Sub.: AUDITED FINANCIAL RESULTS ALONG WITH AUDITOR'S REPORT
Dear Sir,
Pursuant to the provisions of Listing Regulations, we are sending herewith the following:
- Audited Financial Results of the Company for the quarter and Year ended 31.03.2026
- Auditor’s Report on Audited Financial Results for the quarter and Year ended 31.03.2026.
Meeting Commenced at 11.30 a.m.
Meeting Concluded at 2.30 p.m.
This is for your information and record.
Thanking you,
Yours faithfully,
for INDIAN TONERS & DEVELOPERS LTD.
VISHESH CHATURVEDI
Digitally signed by VISHESH CHATURVEDI
Date: 2026.05.11 14:29:07 +05'30'
(Vishesh Chaturvedi)
Company Secretary
Encl. As Above.
+91-11-4501 7000
+91-11-4501 7043
[email protected]
Registered. Office & UNIT (1) : 10.5 km, Milestone, Rampur-Bareilly Road, Rampur – 244901 (U.P.) INDIA
Phone: +91-595-2356271 (20 Lines) Fax: +91-595-2356273
UNIT (2) : D-11, Phase-II, Eldeco-Sidcul Industrial Park, Sitarganj, (Uttarakhand) INDIA - 262405
SUPREMO
ITBL
INDIAN TONERS AND DEVELOPERS LIMITED
Regd.Off.: 10.5 KM Milestone, Rampur-Bareilly Road, Rampur-244901
CIN: L74993UP1990PLC015721
Website: www.indiantoners.com, e-mail: [email protected], Phone: 011-45017000
Statement of Audited Financial Results for the Quarter and Year Ended 31st March,2026
Rs. In Lakh
| S No. | Particulars | Quarter Ended | Year Ended | |||
|---|---|---|---|---|---|---|
| Mar 31, 2026 (Audited) | Dec 31, 2025 (Unaudited) | Mar 31, 2025 (Audited) | Mar 31, 2026 (Audited) | Mar 31, 2025 (Audited) | ||
| 1 | Income | |||||
| Total revenue from operations | 4574.36 | 4211.03 | 4069.96 | 16581.14 | 15298.82 | |
| 2 | Other income | 135.26 | 150.68 | 155.11 | 568.14 | 611.06 |
| 3 | Total income (1+2) | 4,709.62 | 4,361.71 | 4,225.07 | 17,149.28 | 15,909.88 |
| 4 | Expenses | |||||
| a) Cost of materials consumed | 1917.41 | 1712.55 | 1842.23 | 7200.50 | 6976.28 | |
| b) Purchases of stock-in-trade | 30.05 | 24.79 | 29.00 | 103.30 | 81.88 | |
| c) Change in inventories of finished goods and work-in-progress & Stock In Trade | 162.23 | 276.47 | 22.50 | 378.02 | (199.73) | |
| d) Employee benefits expense | 549.35 | 535.52 | 508.47 | 2145.06 | 1976.97 | |
| e) Finance costs | 3.87 | 4.37 | 4.92 | 17.42 | 21.03 | |
| f) Depreciation and amortisation expense | 129.95 | 130.59 | 118.11 | 525.87 | 541.57 | |
| g) Other expenses: | ||||||
| - Power & Fuel | 397.34 | 333.90 | 357.84 | 1432.69 | 1378.42 | |
| - Other expenses | 499.63 | 457.25 | 438.49 | 1840.17 | 1782.58 | |
| 5 | Total Expenses | 3,689.83 | 3,475.44 | 3,321.56 | 13,643.03 | 12,559.00 |
| Profit/(Loss) before exceptional items and tax (3-4) | 1,019.79 | 886.27 | 903.51 | 3,506.25 | 3,350.88 | |
| 6 | Exceptional items (Refer note no.-4) | - | 35.84 | - | 35.84 | - |
| 7 | Profit/(Loss) before tax (5 + 6) | 1,019.79 | 850.43 | 903.51 | 3,470.41 | 3,350.88 |
| 8 | Tax expense: | |||||
| - Current tax | 219.06 | 203.51 | 203.68 | 789.43 | 888.66 | |
| - Taxes in respect of earlier years | 5.24 | - | - | 5.24 | (2.51) | |
| '-Deferred Tax Charge/(Credit) | 33.33 | 8.30 | 30.60 | (47.56) | 220.45 | |
| 9 | Net Profit/(Loss) for the period (7 - 8) | 762.17 | 638.63 | 669.23 | 2,723.30 | 2,244.28 |
| 10 | Other Comprehensive Income (OCI) | |||||
| i) a) Items that will not be reclassified to profit or loss | 20.83 | 2.81 | 16.54 | 31.30 | 28.25 | |
| b) Income tax relating to items that will not be reclassified to profit or loss | (5.24) | (0.71) | (4.82) | (7.88) | (8.23) | |
| c) Revaluation of Land | 1077.44 | - | - | 1077.44 | - | |
| d) Income tax expenses on above | (154.07) | - | - | (154.07) | - | |
| ii) a) Items that will be reclassified to profit or loss | 0.57 | (0.33) | (0.52) | (0.90) | 0.46 | |
| b) Income tax relating to items that will be reclassified to profit or loss | (0.14) | 0.08 | 0.15 | 0.23 | (0.13) | |
| 11 | Total Comprehensive Income for the period (9 + 10) | 1,701.54 | 640.49 | 680.58 | 3,669.41 | 2,264.64 |
| 12 | Paid-up Equity share capital (Face value per share Rs 10 each) | 1039.17 | 1039.17 | 1039.17 | 1039.17 | 1039.17 |
| 13 | Other Equity | 19141.61 | ||||
| 14 | Earnings per share of Rs 10 each | |||||
| (a) Basic (Rs) | 7.33 | 6.15 | 6.30 | 26.21 | 21.13 | |
| (b) Diluted (Rs) | 7.33 | 6.15 | 6.30 | 26.21 | 21.13 | |
| Weighted Average no. shares for calculating EPS | 103.92 | 103.92 | 106.21 | 103.92 | 106.21 |
1223, DLF Tower-B, Jascio, New Delhi-25
For Indian Toners & Developers Ltd.
Chairman
C
-
The above financial results were reviewed by the Audit committee in its meeting held on 11th May, 2026 and have been approved by the Board of Directors in its meeting held on 11th May, 2026.
-
These Financial results have been prepared in accordance with Indian Accounting Standards (IND-AS) notified under the Companies (Indian Accounting Standards) Rules 2015 as amended from time to time.
-
Company has adopted New Tax Regime u/s 115BAA of Income Tax Act w.e.f. financial year 2025-26 to optimize the net tax liability and which has consequently impacted deferred tax recognition.
-
Effective 21 November 2025, The Government of India has consolidated multiple existing labour legislations into a unified framework comprising four Labour Codes collectively referred to as the ‘New Labour Codes’. Under Ind AS 19, changes to employee benefit plans arising from legislative amendments constitute a plan amendment, requiring recognition of past service cost immediately in the statement of profit and Loss.
The New Labour Codes has resulted in estimated one time increase in provision for employee benefit of the company of Rs 35.84 lakh and the same has been recognized as an exceptional item in the current reporting period. The Government is in the process of notifying related rules to the New Labour Codes and impact of these will be evaluated and accounted for in accordance with applicable accounting standards in the period in which they are notified.
- The figures of the previous periods have been regrouped/reclassified, wherever necessary, to conform to current period’s classification.
By Order of the Board
For Indian Toners and Developers Limited
(SUSHIL JAIN)
Chairman
DIN: 00323952)
Place: New Delhi
Date: 11th May, 2026
| INDIAN TONERS & DEVELOPERS LIMITED
STATEMENT OF ASSETS AND LIABILITIES
(Rs in Lakhs) | | | |
| --- | --- | --- | --- |
| | | STANDALONE | |
| Sr. No. | Particulars | As at
31st Mar 2026
(Audited) | As at
31st Mar 2025
(Audited) |
| A | ASSETS | | |
| (1) | Non-current assets | | |
| | Property, plant and equipment | 8,890.70 | 8,015.41 |
| | Capital work-in-progress | 27.84 | 26.93 |
| | Intangible assets | - | 1.62 |
| | Financial assets: | | |
| | Investments | 317.01 | 507.51 |
| | Other financial assets | 346.67 | 724.72 |
| | Other non-current assets | 18.38 | 10.85 |
| | Total non-current assets | 9,600.60 | 9,287.04 |
| (2) | Current assets | | |
| | Inventories | 1,988.83 | 2,324.88 |
| | Financial assets: | | |
| | Trade receivables | 2,719.22 | 2,341.81 |
| | Cash and cash equivalents | 862.02 | 3,166.55 |
| | Bank Balances other than above | 629.98 | 181.04 |
| | Investments | 9,888.96 | 4,719.17 |
| | Other financial assets | 43.52 | 50.61 |
| | Current Tax Assets(Net) | 36.64 | - |
| | Other current assets | 336.75 | 886.13 |
| | Total current assets | 16,505.92 | 13,670.19 |
| | Total assets | 26,106.52 | 22,957.23 |
| B | EQUITY AND LIABILITIES | | |
| (1) | Equity | | |
| | Equity capital | 1,039.17 | 1,039.17 |
| | Other equity | 22,187.50 | 19,141.61 |
| | Total equity attributable to equity holders | 23,226.68 | 20,180.78 |
| (2) | Liabilities | | |
| | Non-current liabilities | | |
| | Financial liabilities | | |
| | Other financial liabilities | 59.48 | 111.96 |
| | Provisions | 83.93 | 81.75 |
| | Deferred tax liabilities (net) | 1,142.38 | 1,028.22 |
| | Total non-current liabilities | 1,285.79 | 1,221.93 |
| | Current liabilities | | |
| | Financial liabilities | | |
| | Trade payables | | |
| | ‘Total Outstanding dues of MSME | 34.84 | 9.52 |
| | ‘Total outstanding dues of creditors other than Micro Small & Medium Enterprises | | |
| | | 760.59 | 949.95 |
| | Other financial liabilities | 247.74 | 202.14 |
| | Other current liabilities | 498.10 | 317.13 |
| | Provisions | 52.78 | 48.50 |
| | Current Tax Liabilities (Net) | - | 27.28 |
| | Total current liabilities | 1,594.05 | 1,554.52 |
| | Total equity and liabilities | 26,106.52 | 22,957.23 |
For Indian Toners & Developers Ltd.
1223, DLF Tower-B, Jassila, New Delhi-25
100000000000000000000000000000000000000000000000000000000000000000000000
INDIAN TONERS AND DEVELOPERS LIMITED
STATEMENT OF CASH FLOW FOR THE YEAR ENDED MAR 31st, 2026
(Rs. In Lakhs)
| Particulars | Year ended 31st March 2026 | Year ended 31st March 2025 | |
|---|---|---|---|
| Sr. No | CASH FLOW FROM OPERATING ACTIVITIES : | ||
| A. | Net Profit Before Tax | 3470.41 | 3350.88 |
| Adjustment for : | |||
| Depreciation & Amortization | 525.87 | 541.57 | |
| Loss/(profit) on sale of PPE | (3.54) | (8.01) | |
| Loss/(profit) on sale of Investments | (6.99) | (31.70) | |
| Finance Cost | 17.42 | 21.03 | |
| Interest income | (197.78) | (186.55) | |
| Statutory Impact of new Labour Codes | 35.84 | - | |
| Liabilities / provisions no longer required written back/Sundry Balances write off/ back | (11.63) | (2.43) | |
| Gain on Mark to Market of Investments | (341.02) | (372.91) | |
| Operating Profit before Working Capital Changes | 3488.58 | 3311.88 | |
| Adjustment for : | |||
| (Increase)/Decrease in Inventories | 336.05 | (673.64) | |
| (Increase)/Decrease in Trade Receivables | (377.41) | 265.10 | |
| (Increase)/Decrease in Loans & Other Assets | 936.15 | (3.97) | |
| Increase/(Decrease) in Trade & Other Payables | 44.01 | 311.70 | |
| Cash Generated from Operations | 4427.37 | 3211.07 | |
| Direct Taxes Paid/Refund (Net) | (835.94) | (603.65) | |
| Net Cash Inflow /(Outflow) from Operating Activities (A) | 3591.43 | 2607.42 | |
| CASH FLOW FROM INVESTING ACTIVITIES : | |||
| Purchase of PPE / Capital Advances & Capital Work-in-Progress | (351.57) | (1037.29) | |
| (Purchase) / Sale of Investments | (4,631.28) | 2131.17 | |
| Proceeds from Sale of Property ,Plant & Equipments | 22.68 | 224.16 | |
| Movement in Other Bank Balances (Including unclaimed dividend) | (448.94) | 141.67 | |
| Interest Received | 197.78 | 186.55 | |
| Net Cash Inflow/(outflow) from Investing Activities (B) | (5211.34) | 1646.26 | |
| CASH FLOW FROM FINANCING ACTIVITIES : | |||
| Finance Cost | (2.88) | (12.06) | |
| Dividend Paid | (623.50) | (467.63) | |
| Buyback of Shares (Including Transaction Cost & Tax) | - | (2,573.10) | |
| Payment of Lease Liabilities | (58.23) | (55.45) | |
| Net cash Inflow/(outflow) from financing activities (C) | (684.61) | (3108.24) | |
| Net Increase/ (Decrease) in Cash and Cash Equivalents (A+B+C) | (2304.53) | 1145.43 | |
| Add: Cash and Cash Equivalents at the Beginning of the year | 3166.55 | 2021.12 | |
| Cash and Cash Equivalents at the End of the year | 862.02 | 3166.55 | |
| Components of cash & cash equivalents: | |||
| - Balance with Banks : On current accounts | 858.79 | 3162.91 | |
| - Cash on hand | 3.23 | 3.64 | |
| 862.02 | 3166.55 | ||
| Note: The Cash Flow Statement has been prepared under the Indirect Method as set out in Indian Accounting Standard - 7 "Cash Flow Statements" as notified by the Central Government of India. Acquisition/Purchase of Property Plant & Equipments includes movement of capital work in progress, Intangible assets under development and capital advances & capital payable, paid during the year. Previous year's figures have been re-grouped / re-arranged wherever considered necessary to confirm and to make them comparable. |
For Indian Toners & Developers Ltd.
Chartered Accountants
Asai Ali Road, New Delhi-110002
Phone : 011-42831400
E-mail : [email protected]
Independent Auditor's Report on Audited standalone Quarterly Financial Results and Year to Date Results Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
To
The Board of Directors of
INDIAN TONERS AND DEVELOPERS LIMITED
Opinion
We have audited the accompanying standalone quarterly financial results INDIAN TONERS AND DEVELOPERS LIMITED (the company) for the quarter ended 31st March, 2026 and the year-to-date results for the period from 1st April, 2025 to 31st March, 2026, attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us these standalone financial results:
i. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
ii. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India of the net profit before tax and other comprehensive income and other financial information for the quarter and year ended, 31st March, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the standalone financial results.
Kolkata Address : 23-A, Netaji Subhash Road, Kolkata-700001, Phone : 22300751, 22300752, Fax : 22300680
Chartered Accountants
Assaf Ali Road, New Delhi-110002
Phone : 011-42831400
E-mail : [email protected]
Responsibilities of Management and Those Charged with Governance for the Standalone Financial Statements
These financial results have been prepared on the basis of standalone annual financial statements. The Company's Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with Applicable Accounting standard prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the standalone financial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
Kolkata Address : 23-A, Netaji Subhash Road, Kolkata-700001, Phone : 22300751, 22300752, Fax : 22300680
Chartered Accountants
Assa Ali Roau, New Delhi-110002
Phone : 011-42831400
E-mail : [email protected]
-
Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for under section 143 (3) (1) of the Act, we are also responsible for expressing our opinion whether the company has adequate Internal Financial Controls with reference to financial statements in place & the operating effectiveness of such controls.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
-
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.
Materiality is the magnitude of misstatements in the standalone financial statements that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the financial statements may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the financial statements.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Kolkata Address : 23-A, Netaji Subhash Road, Kolkata-700001, Phone : 22300751, 22300752, Fax : 22300680
Chartered Accountants
Asai Air Road, New Delhi-110002
Phone : 011-42831400
E-mail : [email protected]
Other Matter
The Statement includes the results for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the listing Regulations.
For B. K. SHROFF & CO.
Chartered Accountants
Firm Registration No. 302166E
Kavita Nani
(KAVITA NANGIA)
Partner
Membership No.: 090378
Place: New Delhi
Date: 11.05.2026
UDIN: 26090378 C&ELEN6341
Kolkata Address : 23-A, Netaji Subhash Road, Kolkata-700001, Phone : 22300751, 22300752, Fax : 22300680
Indian Toners & Developers Ltd.
(A Govt. recognized Export House) CIN No.: L74993UP1990PLC015721
Corporate Office: 1223 DLF Tower B, Jasola, New Delhi - 110 025 (India)
DECLARATION
(Under regulation 33(3)(d) of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015
We hereby declare and confirm that the Company’s Statutory Auditors M/s. B.K. Shroff & Co., Chartered Accountants, New Delhi have issued an unmodified opinion in their Audit Reports on the Financial Results of the Company for the Quarter and Year ended 31.03.2026.
for INDIAN TONERS & DEVELOPERS LIMITED
(Surya Pratap Singh)
Chief Financial Officer
Date: 11.05.2026
+91-11-4501 7000 +91-11-4501 7043 [email protected]
Registered. Office & UNIT (1) : 10.5 km, Milestone, Rampur-Bareilly Road, Rampur – 244901 (U.P.) INDIA
Phone: +91-595-2356271 (20 Lines) Fax: +91-595-2356273
UNIT (2) : D-11, Phase-II, Eldeco-Sidcul Industrial Park, Sitarganj, (Uttarakhand) INDIA - 262405
SUPREMO