PS IT Infrastructure & Services Ltd: Zero Revenue in Q1 FY27

Rs 0.00 crore Revenue from Operations
Rs (0.94) lakh Net Loss

Reader Takeaway: Company has no operational revenue; focus remains on insolvency resolution process.

What just happened

PS IT Infrastructure & Services Ltd has reported zero revenue from operations for the first quarter ended June 30, 2026. The company posted a net loss of Rs 0.94 lakh for the same period. This reflects severely curtailed operations as the company is undergoing Corporate Insolvency Resolution Process (CIRP).

Why this matters

The absence of operational revenue confirms the company's distressed financial state. While a net loss was also reported in the previous year's quarter, the current figures underscore the impact of the insolvency proceedings on business activity. For shareholders, the key concern is the progress of the CIRP and potential outcomes.

The backstory

The National Company Law Tribunal (NCLT), Mumbai Bench, ordered the commencement of CIRP for PS IT Infrastructure & Services Ltd on April 29, 2026. This led to the suspension of the company's Board of Directors and Key Managerial Personnel. The Resolution Professional, Mr. Rajneesh Kumar Aggarwal, is now responsible for the company's affairs and authorized the financial results for the June 2026 quarter.

What changes now

Operations are currently managed by the Resolution Professional. The company's financial reporting and decisions are dictated by the NCLT process. The results show reliance on 'other income' (Rs 0.16 crore) to meet minimal expenses (Rs 0.17 crore), leading to the net loss.

Risks to watch

The primary risk is the uncertainty surrounding the Corporate Insolvency Resolution Process. The lack of operational revenue poses a significant challenge for any revival plan. Any further delays or unfavorable outcomes from the NCLT proceedings could impact the value for shareholders.

Peer comparison

Due to the company being under CIRP with zero operational revenue, a direct peer comparison based on current financial performance is not meaningful. The focus is on the insolvency process, not market competition.

Context metrics (time-bound)

For the quarter ended June 30, 2026, PS IT Infrastructure & Services Ltd reported:

• Revenue from Operations: Rs 0.00 crore
• Other Income: Rs 0.16 crore
• Total Income: Rs 0.16 crore
• Net Loss: Rs 0.01 crore (Rs 0.94 lakh)

This contrasts with the quarter ended June 30, 2025, which had Revenue from Operations of Rs 0.64 crore and a Net Loss of Rs 0.94 crore.

What to track next

Investors should closely monitor updates from the NCLT regarding the CIRP proceedings, the Resolution Professional's reports, and any proposed resolution plans. Developments concerning the company's future direction and asset management will be crucial.