ITI Share Price Hit 5% Upper Circuit on ₹200 Crore Land Deal

ITI Limited share price hit the 5% upper circuit at ₹284 on February 21, 2025. The surge came after the company announced a revised order from the AMRCD regarding land transfer.

Land Sale to C-DoT

ITI is set to transfer 22.258 acres of land in Electronic City, Bangalore, to C-DoT for ₹200 crore. The company has already received ₹100 crore as the first payment on February 19, 2025. The remaining amount will be received after completing statutory formalities.

Company Announcement

In an exchange filing, ITI stated, “The company has received a revised order from AMRCD, directing ITI to transfer its land to C-DoT for ₹200 crore through a sale deed.”

ITI Q3 FY25 Results

State-run telecom equipment maker ITI Limited reported a reduced net loss of ₹48.9 crore for the quarter ending December 31, 2024 (Q3FY25), improving from a ₹101.3 crore loss in Q3FY24.

The company’s revenue from operations surged 299.73% year-over-year (YoY) to ₹1,034.5 crore, up from ₹258.8 crore in the same quarter last year. This sharp rise was driven by strong operational performance despite higher raw material costs. At the operating level, ITI lowered its EBITDA loss to ₹10.6 crore in Q3FY25, compared to a ₹43.5 crore loss in the previous year.

About ITI Limited

ITI Limited, formerly known as Indian Telephone Industries Limited, is a government-owned enterprise in India. It operates under the Department of Telecommunications, Ministry of Communications.

At 10:09 AM, ITI share price was trading 3.05% higher at ₹308.90, while the BSE Sensex was up 0.31% at 82,387.36.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.