ITI shares hit 5% lower circuit as Q3 net loss narrows to ₹49 crore, revenue jumps 300%

However, the PSU’s revenue from operations surged 299.68% year-on-year (YoY) to ₹1,034.54 crore in the December quarter of FY25, compared to ₹258.84 crore in the third quarter of the 2023-24 fiscal year (Q3FY24).

The telecom company’s total expenses stood at ₹1,121.82 crore in Q3 FY25, jumping 200.62% from ₹373.17 crore in the year-ago period.

On the operational front, the company’s EBITDA loss contracted to ₹10.6 crore in the quarter under review from ₹43.5 crore in Q3 FY24.

Past stock performance

Shares of ITI Ltd tanked 11.45% over the past five days and 16.35% in the last month. The scrip lost 30% in the past six months and also on a year-to-date basis.

The company has a total market capitalisation of ₹26,107.30 crore as of February 14, 2025, on the NSE.

Recent orders

On January 22, 2025, the company bagged an order worth ₹167 crore with the Government of Maharashtra to set up, operationalise, roll out, and monitor the implementation of Aaple Sarkar Seva Kendra (ASSK) in Gram Panchayats (ASSK-GP) in Nagpur.

In another press release dated January 13, 2025,the company revealed that it bagged contracts from Sambalpur University in Odisha for Wi-Fi & LAN worth ₹35 crore, and Integrated Security System from Central Railways worth ₹29.14 crore, totalling ₹64 crore.

About the company

ITI Limited is a public sector enterprise that manufactures, trades, and services telecommunication equipment and offers other associated and ancillary services. The company is focused on offering telephone communication services.