Integrated Thermoplastics Ltd — Results, 13-06-2025: Result

Integrated Thermoplastics Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The auditors issued a qualified opinion citing: pending confirmations on receivables and payables, non-appointment of internal auditor, and default in repayment of long-term loans including from Andhra Pradesh State Financial Corporation and Union Bank of India, with loans classified as non-performing assets. The company reported an accumulated loss eroding its net worth and posted a net loss of Rs. 60.60 million this year. There are ongoing legal disputes over factory land and unsettled statutory dues including GST and income tax disputes totaling over Rs.116 lakh. Internal financial controls have significant weaknesses, including lack of proper segregation of duties, inadequate documentation of collections, and insufficient written policies on credit and recruitment. Despite these challenges, the statutory auditors confirmed that the books are maintained properly and there is no evidence of fraud or pending litigation that materially impacts financials. Earnings per share stood at a loss of Rs. 4.55. This financial stress and operational risk warrant close monitoring by investors.