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Business Standard
4 days 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.
India.com
03-05-2025
- Politics
- India.com
Prez Murmu, PM Modi Express Condolences Over Goa Temple Stampede
Goa Stampede: President Draupadi Murmu and Prime Minister Narendra Modi on Saturday expressed condolences to the people who lost their lives in the stampede that occurred during the annual Jatra procession at the Shirgão temple in Goa on Friday. In a post on the social media platform X, President Murmu extended her condolences to the bereaved families. 'Sad to know about the unfortunate incident of a stampede in Shirgao, Goa which claimed several lives. I extend my condolences to bereaved family members and pray for quick recovery of the injured,' the President said. Sad to know about the unfortunate incident of a stampede in Shirgao, Goa which claimed several lives. I extend my condolences to bereaved family members and pray for quick recovery of the injured.— President of India (@rashtrapatibhvn) May 3, 2025 The Prime Minister's Office also posted on X and wrote, 'Saddened by the loss of lives due to a stampede in Shirgao, Goa. Condolences to those who lost their loved ones. May the injured recover soon. The local administration is assisting those affected: PM @narendramodi.' Saddened by the loss of lives due to a stampede in Shirgao, Goa. Condolences to those who lost their loved ones. May the injured recover soon. The local administration is assisting those affected: PM @narendramodi — PMO India (@PMOIndia) May 3, 2025 According to IANS, PM Modi spoke with Goa Chief Minister Pramod Sawant and reviewed the Goa stampede situation in detail. He also offered full support from the Centre. Also Read: 7 Killed, Over 30 Injured In Stampede At Goa Temple On the other hand, CM Sawant, in a post on X, informed that he had visited the hospital where the injured were receiving treatment and added that he is "personally monitoring" the situation. The CM said, "Deeply saddened by the tragic stampede at the Lairai Zatra in Shirgaon this morning. I visited the hospital to meet the injured and have assured all possible support to the affected families. I am personally monitoring the situation to ensure that every necessary measure is being taken." Goa Stampede The Goa stampede occurred during the Shri Lairai Yatra, an annual religious event that draws thousands of devotees to the temple in North Goa. During the ritual, 'dhonds' participate barefoot and walk across a bed of burning embers. The number of devotees and a sudden surge in the crowd reportedly led to the Goa stampede. The situation turned chaotic due to a downward slope on a stretch of the route, where the crowd reportedly surged forward rapidly, leading to a crush, IANS reported. According to preliminary reports, severe overcrowding and insufficient crowd management arrangements could have been the probable causes behind the stampede. Goa Health Minister Vishwajit Rane has confirmed that all district hospitals are on high alert. Health Minister Rane added that the hospitals are fully equipped to handle the emergency, and that the medical infrastructure at Goa Medical College (GMC) and other district hospitals has been strengthened.
