ITI Q2 Results FY27 Preview: Results Date, Expectations and the Numbers That Will Decide the September 2026 Quarter
- September 18, 2026
- Posted by: Harsh Piplani
- Category: Results
Track the latest ITI Ltd. share price on Univest. As the September 2026 quarter draws to a close, market watchers are turning to the upcoming ITI Q2 results, which will cover this public sector telecom equipment maker’s performance between July and September 2026. This preview relies only on figures already reported and on qualitative factors, without predicting any specific number for the ITI Q2 results, since that quarter has not yet been reported.
Jun26 revenue Rs 425 Cr, net loss Rs 32 Cr. Mar26 net profit spiked to Rs 436 Cr, likely including a one-off item. CMP Rs 255.9. PE not meaningful on a trailing loss.
ITI is a public sector telecommunications equipment and network solutions company whose quarterly profitability has been highly volatile over the last five reported quarters. This volatility is exactly why the ITI Q2 results deserve careful reading rather than a quick glance at the headline number, particularly given one unusual quarter in the recent record.
ITI Q2 Results: Likely Announcement Date
Indian listed companies typically announce their September quarter (Q2) results between mid-October and mid-November, once the board has approved the financials. Based purely on this general market pattern, and not on any confirmed communication from the company, the ITI Q2 results could be expected sometime within that window. No official date has been disclosed yet, so readers should check the exchange filing or the company’s own investor communication for the confirmed date of the ITI Q2 results.
What to Expect From the ITI Q2 Results
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Because the September 2026 quarter has not yet been reported, this section is deliberately qualitative and avoids stating any forecast figure. The ITI Q2 results will likely be judged on whether revenue can stabilise after the sequential decline seen in Jun26, whether the company returns to positive operating profit, and whether net profit moves out of loss territory without relying on a one-off item of the kind seen in Mar26. Order inflows from telecom and government network projects, along with execution timelines, are the qualitative factors most likely to influence the ITI Q2 results.
Previous Quarter (Jun26) Performance
In the quarter ended June 2026, the most recent reported quarter ahead of the ITI Q2 results, revenue was Rs 425 Cr, the lowest of the last five quarters, with a thin operating profit of Rs 2 Cr and an operating margin of just 0.47%. The company posted a net loss of Rs 32 Cr for the quarter. This was a clear step down from the March 2026 quarter, which had shown revenue of Rs 628 Cr and a large net profit of Rs 436 Cr, though that Mar26 profit figure appears to include a one-off or exceptional item and should not be read as a sustainable run-rate ahead of the ITI Q2 results.
Q2 FY26 (Sep25) Base Quarter for Comparison
The base quarter against which the ITI Q2 results will eventually be compared on a year-on-year basis is September 2025. In that quarter, revenue was Rs 543 Cr, operating profit was marginally negative at Rs -1 Cr with an operating margin of -0.18%, and the company posted a net loss of Rs 54 Cr. Since this base quarter was itself loss-making, any year-on-year narrative built around the ITI Q2 results should account for the fact that the comparison base was already weak rather than treating a smaller loss as a strong improvement on its own.
Recent Trend Across the Last Five Quarters
Across the five quarters on record, revenue moved from Rs 498 Cr in Jun25, up to Rs 543 Cr in Sep25, then Rs 515 Cr in Dec25 and Rs 628 Cr in Mar26, before falling back to Rs 425 Cr in Jun26. Net profit tells a more dramatic story: losses of Rs 64 Cr, Rs 54 Cr and Rs 25 Cr across Jun25, Sep25 and Dec25, followed by a sharp jump to a net profit of Rs 436 Cr in Mar26 that stands well outside the pattern of the surrounding quarters and likely reflects a one-off or exceptional item rather than a repeatable operating outcome, before reverting to a net loss of Rs 32 Cr in Jun26. This outlier in Mar26 should be treated as an exception, not a trend, when reading the run-up to the ITI Q2 results.
Check live ITI price updates and quarterly filings on Univest ahead of the ITI Q2 results
Key Factors to Watch
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Several qualitative factors could shape the ITI Q2 results. Order book execution on telecom network and government communication contracts is a central driver, along with the timing of any large project billing that can cause lumpy quarterly revenue. Working capital and receivables from government clients have historically weighed on cash flow at PSU telecom companies. Any update on new order wins or capacity expansion would also be a useful qualitative signal ahead of the ITI Q2 results.
Valuation Snapshot
On valuation, ITI trades at a current market price of Rs 255.9, below both its 50-day moving average of Rs 276.33 and its 200-day moving average of Rs 287.16. The 52-week range is Rs 237 to Rs 372.85. Price to book is a high 12.92 against a book value of Rs 19.8, and return on equity is negative at -8.86%, reflecting the losses booked in most of the last five quarters. The trailing PE and EPS for ITI are both stated as not meaningful, because trailing twelve-month earnings are negative or too distorted by the Mar26 one-off item to produce a reliable multiple, and this should be read plainly rather than as a data gap. Market capitalisation is around Rs 24,628 Cr, and the debt to equity ratio is 0.4. These are the levels the market will likely revisit once the ITI Q2 results are announced.
What to Watch Around the ITI Q2 Results
Beyond the headline numbers, readers tracking the ITI Q2 results should watch whether revenue recovers from the Jun26 low, whether operating profit turns meaningfully positive on a recurring basis, and whether net profit returns to loss or profit without another one-off item distorting the picture. The relative strength index of 17.97 indicates the stock has been in oversold territory recently, which is worth noting alongside the fundamentals heading into the results.
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Conclusion
The ITI Q2 results will be a key data point for a company whose profitability has swung sharply over the last five quarters, including one Mar26 quarter whose large net profit likely reflects a one-off item rather than a sustainable trend. Investors would do well to look past that single outlier quarter and focus on the more consistent pattern of thin or negative operating profit across the other four quarters. Until the actual filing is out, that broader loss-making pattern, rather than the Mar26 spike, remains the more reliable qualitative guide to the ITI Q2 results.
Disclaimer: Univest Securities Private Limited is a SEBI-registered Research Analyst (Registration No. INH000013776). This article is for educational and informational purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Figures cited are historical, publicly disclosed quarterly financials and current market data; no specific Q2 FY27 results, estimates, or forecasts are implied. Please consult a SEBI-registered investment adviser and verify data independently before making any investment decision.
FAQs
When will the ITI Q2 results be announced?
Ans. No confirmed date has been disclosed yet. Based on the general pattern of Indian companies announcing September quarter results between mid-October and mid-November, the ITI Q2 results are likely to fall in that window, but investors should check the official exchange filing for the confirmed date.
Why was ITI’s net profit so high in the March 2026 quarter?
Ans. ITI reported a net profit of Rs 436 Cr in the March 2026 quarter, far higher than the losses seen in the surrounding quarters. This spike likely includes a one-off or exceptional item and should not be treated as a sustainable earnings trend heading into the ITI Q2 results.
What was ITI’s revenue and profit in the previous quarter, Jun26?
Ans. In the June 2026 quarter, ITI reported revenue of Rs 425 Cr and a net loss of Rs 32 Cr, with an operating margin of just 0.47%, a sharp step down from the March 2026 quarter.
Why does ITI not show a PE ratio?
Ans. ITI’s PE and EPS are marked as not meaningful because trailing twelve-month earnings are negative or heavily distorted by the one-off item recorded in the March 2026 quarter. A PE ratio built on such earnings would not give a reliable valuation signal, which is why it is stated plainly rather than shown as a number. This will remain relevant even after the ITI Q2 results are announced.
