ITI Ltd. shares extended gains today during the early trade after the company’s loss for the March quarter narrowed sharply. The company, on Tuesday, disclosed its earnings for the fourth quarter of FY25, in which it reported a 74% on-year jump in its consolidated revenue for the period.
The stock ended 10% higher on Wednesday, a day after ITI informed the exchanges about its financials. It has gained over 18% since then. Today, it has soared as much as 7.5% to its intraday high on the NSE Including today’s rally, ITI stock has climbed for the last four consecutive sessions, gaining over 31% in this week so far.
ITI’s consolidated loss narrowed by 98% during the March quarter to Rs 4.38 crore. A fall in input costs along with a steep rise in consolidated sales bucked the impact of a more than two-fold rise in costs related to purchase of stock in trade. Sequentially, its consolidated revenue rose over 1% while its loss narrowed by over 91%.
For the full financial year ended March 2025, the state-owned telecommunication technology company’s consolidated loss more than halved, while its revenue during the period nearly tripled on year.
In addition to the strong earnings that bolstered investors’ confidence, ITI announced that its board has approved the allotment of equity shares to the President of India on a preferential basis, against a capex infusion of Rs 59 crore.
ITI is a public sector undertaking in the telecommunications technology segment. The company has manufacturing facilities in Bengaluru, Naini, Rae Bareli, Mankapur and Palakkad along with a research and development centre in Bengaluru and 11 Marketing, Services & Projects centers in India.
The stock has risen nearly 22% in the last one year and over 40% in the last one month. Currently, it trades 38% below its 52-week high level, while 74% higher than its 52-week low level, which it touched in October last year.
