ITI Share Price Hit Lower Circuit of 5% After Release of Q3FY25 Earnings

On February 14, 2025, ITI share price hit a lower circuit of 5%, reaching a day low of ₹271.85 at 10:50 AM. The fall in ITI share price came after the State-owned telecom equipment manufacturer ITI reported financial results for the quarter ending December 31, 2024 (Q3FY25).

ITI Q3FY25 Results

ITI posted a net loss of ₹48.9 crore for the quarter, a significant improvement compared to the ₹101.3 crore loss in the same period of the previous fiscal year (Q3FY24). Revenue from operations surged by 299.73% year-over-year (YoY), reaching ₹1,034.5 crore, up from ₹258.8 crore in the corresponding quarter last year. This substantial growth was driven by strong operational performance, despite rising raw material costs.

At the operating level, ITI Ltd reduced its EBITDA loss to ₹10.6 crore in Q3 FY25, compared to a loss of ₹43.5 crore in Q3 FY24.

Other Highlights

The company’s strong performance was supported by key projects, including ASCON Phase IV, the BSNL 4G rollout, Mahanet, Tanfinet, the NFS project, Gujnet, and the Indian Air Force’s 3G-to-4G/5G network upgrade initiative.

Additionally, ITI Ltd has secured several new orders, including a ₹95 crore project from the Directorate of Geology & Mining, Government of Uttarakhand. In collaboration with its consortium partner, the company also emerged as the lowest bidder for BharatNet project packages worth ₹4,559 crore.

About ITI Limited

ITI Limited manufactures, sells, and services telecommunication equipment in India. Its offerings include telecom products like switching, transmission, and access solutions, along with smart energy meters, laptops, banking automation products, encryption devices, and defence communication systems. The company also provides IT solutions, network services, contract manufacturing, and turnkey defence projects.

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