Latest news with #ITI
Business Standard
19 hours ago
- Business
- Business Standard
ITI jumps after Q4 net loss narrows to Rs 4 cr
ITI rallied 7.44% to Rs 332.10 after the company's consolidated net loss narrowed to Rs 4.38 crore in Q4 FY25, compared with net loss of Rs 238.82 crore in Q4 FY24. Revenue from operations jumped 73.9% YoY to Rs 1,045.70 crore in Q4 FY25. The company reported pre-tax loss of 4.38 crore in Q4 FY25, compared with pre-tax loss of Rs 238.82 crore in Q4 FY24. Total expenses jumped 35.17% to Rs 1,148.29 crore in Q4 FY25, compared with Rs 849.49 crore in Q4 FY24. Cost of material consumed & services stood at Rs 294.16 crore (down 18.57% YoY), employee benefit expenses was at Rs 61.57 crore (down 2.13% YoY), finance cost (down 24.46% YoY) during the period under review. For the full year, the companys consolidated net loss narrowed to Rs 214.89 crore in FY25, compared with net loss Rs 568.92 crore in FY24. Revenue from operations zoomed 186.2% to Rs 3,616.42 crore in FY25. Meanwhile, the companys board approved allotment of equity shares on preferential basis to President of India against capex received of Rs 59 crore. ITI is a public sector undertaking in the telecommunications technology segment. It offers a diverse suite of products including manufactured products like gigabit passive optical network (GPON), managed leased line network (MLLN) products, stand alone signaling transfer point(SSTP), wi-fi access point, radio modem, SMPS, set top box, defence products like multi-capacity encryption units, bulk encryption units (BEU), terminal end secrecy devices (TESD), passive infrastructure products such as optical fiber cable, HDPE duct, antenna, diversified products such as smart energy meters, smart cards, solar panels, mini personal computers.
Business Standard
a day ago
- Business
- Business Standard
ITI reports consolidated net loss of Rs 4.38 crore in the March 2025 quarter
Sales rise 73.91% to Rs 1045.70 crore Net Loss of ITI reported to Rs 4.38 crore in the quarter ended March 2025 as against net loss of Rs 238.82 crore during the previous quarter ended March 2024. Sales rose 73.91% to Rs 1045.70 crore in the quarter ended March 2025 as against Rs 601.28 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 214.89 crore in the year ended March 2025 as against net loss of Rs 568.92 crore during the previous year ended March 2024. Sales rose 186.19% to Rs 3616.42 crore in the year ended March 2025 as against Rs 1263.63 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1045.70601.28 74 3616.421263.63 186 OPM % -2.69-28.91 - -1.66-25.29 - PBDT -37.87-224.64 83 -180.73-515.80 65 PBT -66.79-238.82 72 -249.93-568.92 56 NP -4.38-238.82 98 -214.89-568.92 62
Mint
a day ago
- Business
- Mint
ITI shares surge 9% as Q4 loss narrows sharply, revenue jumps nearly 74%
Shares of ITI Ltd rallied sharply on Wednesday, May 28, climbing as much as 9 percent in intra-day trade after the company reported a substantial improvement in its March quarter earnings. The stock touched a high of ₹ 336.75, marking its strongest level since January 30, 2025. Investor confidence was bolstered by ITI's March 2025 quarter results, which showed a significant reduction in net losses and a robust improvement in revenue. The company reported a net loss of just ₹ 4.4 crore, compared to a steep ₹ 239 crore loss in the corresponding quarter of the previous year. Revenue for the quarter surged 73.9 percent year-on-year, reaching ₹ 1,046 crore from ₹ 601 crore in Q4FY24. Furthermore, EBITDA loss narrowed to ₹ 28.2 crore from ₹ 174 crore, indicating a meaningful improvement in the company's operational performance. In addition to the strong earnings, ITI announced that its Board of Directors approved the allotment of equity shares on a preferential basis to the President of India, against a CAPEX infusion of ₹ 59 crore in line with a BIFR Order dated January 8, 2013. Founded in 1948, ITI Limited is India's first public sector undertaking (PSU) in the telecommunications space. Over the years, it has built a strong manufacturing footprint with facilities in Bengaluru, Naini, Rae Bareli, Mankapur, and Palakkad, and a dedicated R&D centre in Bengaluru. The company also operates 11 Marketing, Services & Projects (MSP) centres across India in cities such as Mumbai, Chennai, Hyderabad, Kolkata, Delhi, and Chandigarh, among others. ITI's diverse product portfolio includes advanced telecom and defence equipment such as Gigabit Passive Optical Networks (GPON), Managed Leased Line Network (MLLN) products, Wi-Fi access points, encryption units, smart energy meters, smart cards, and mini PCs. It also manufactures passive infrastructure products like optical fibre cables, HDPE ducts, and antennas. Following Wednesday's rally, ITI shares were trading 43 percent below their 52-week high of ₹ 592.85, hit in January 2025. However, the stock has recovered significantly from its 52-week low of ₹ 210.20, touched in October 2024—marking a rebound of over 60 percent. Over the past year, the PSU stock have declined 8.5 percent, but recent months have shown a turnaround. The stock has gained 29.5 percent in May alone, following a 2.5 percent rise in April and a 1.2 percent gain in March. Prior to this recovery, it had shed 16 percent in January and 24 percent in February. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
a day ago
- Time of India
ITI student, 36-yr-old man killed in separate road accidents in Ahmedabad
1 2 3 4 Ahmedabad: Two individuals — an 18-year-old ITI student and a 36-year-old man — died in two separate road accidents in Ahmedabad on Monday. In the first incident, Mohammad Hamza , a resident of Sarkhej and a second-year electronics trainee at the govt Industrial Training Institute (ITI), lost his life in a hit and run near Meldi Mata Mandir, close to the APMC Crossroads in Vejalpur. According to an FIR filed by his uncle Sarfaraz Ansari with M Division traffic police, Hamza took the family's electric scooter to visit a friend. While returning late at night, a truck hit the scooter from behind. Hamza sustained serious head injuries and multiple fractures. He was rushed to Sola Civil Hospital, where he was declared dead. His friend, who was riding with him, suffered facial injuries and is currently receiving treatment. The dumper driver fled the scene. The FIR was registered on Tuesday under several sections of the Bharatiya Nyaya Sanhita (BNS), including Section 106(1) for causing death by negligent act, Section 281 for endangering public safety, Section 125(a)(b) for causing hurt by negligent driving, and Section 324(4) for causing hurt by dangerous means. Sections 177 and 184 of the Motor Vehicles Act, 1988, have also been invoked. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tips for the Purchasing of Used Vehicles: latest competitive rates answerpedia Learn More Undo In the second incident, Alpesh Madhvi, a 36-year-old from Maninagar, died after his motorcycle hit a divider and a light pole on the Riverfront East Road near Sardar Bridge. He was riding with a friend, Prakash Parmar, when he reportedly lost control of the vehicle. Madhvi suffered fatal head injuries and died on the spot. Parmar sustained minor injuries and was admitted for treatment. An FIR for this accident was filed at the B Division traffic police station. Officials have begun an inquiry into the cause, which may include over-speeding or road surface issues.
The Hindu
2 days ago
- Automotive
- The Hindu
Admissions open to government ITI in Karur
: The last day for the submission of filled-in applications for admissions to the Government Industrial Training Institute (ITI) at Karur will be July 13. The ITI offers courses in Sewing Technology, Desktop Publishing Operator, Mechanic Auto Body Repair, and Operator Advanced Machine Tools. Sewing Technology and Desktop Publishing Operator courses are open only to women candidates while both men and women can apply for the rest. Selected candidates will be eligible for a monthly stipend, free bus fare, textbooks, uniforms, and bicycles. Candidates can apply online or in-person at the ITI, it added. For more details, dial 04324-222111, 9499055711, or 9499055712.
