ITI shares surge over 18% in two days after Q4 loss narrows sharply
Shares of ITI surged more than 18% over the past two trading sessions after the company reported a sharp reduction in its quarterly loss. On Thursday, the stock rose 7.6% to ₹365.9 on the BSE.The state-run company nearly turned profitable in the March quarter, posting a net loss of just ₹4.4 crore compared to ₹238.8 crore in the same period last year. The improvement was supported by an exceptional gain of ₹62.41 crore.This is the closest ITI has come to profitability since March 2022, when it reported a net profit of ₹356 crore.Revenue rose 74% year-on-year to ₹1,045.7 crore, up from ₹601 crore in the corresponding quarter last year.
EBITDA loss also narrowed significantly to ₹28.2 crore, from a loss of ₹173.8 crore in the year-ago period.
ITI remains a tightly held PSU stock, with the government owning a 90% stake as of the March quarter. Of the remaining public shareholding, the Special National Investment Fund holds 7.9%, resulting in a limited free float.
While
ITI shares
have gained 46% over the past three months, they are down 6% so far in 2025. The company's market capitalisation currently stands at ₹34,673 crore.
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