ITI Ltd

ITI announced that in pursuance to the revised order of the AMRCD, the company has received further tranche of Rs. 25 crore from C-DOT, as part of executed sale agreement between ITI and C-DOT. The balance remaining part of the consideration is expected to be received after completion of remaining statutory formalities by the company in this regard. The AMRCD order stipulates that ITI transfer its 22.258 acres of land situated at Electronic City, Bangalore to C-DOT through a sale deed for a consideration of Rs. 200 crore.Powered by Capital Market - Live

ITI Ltd lost 4.3% today to trade at Rs 349.05. The BSE Teck index is down 0.44% to quote at 17996.38. The index is up 3.89 % over last one month. Among the other constituents of the index, Infosys Ltd decreased 1.37% and Tech Mahindra Ltd lost 1.03% on the day. The BSE Teck index went up 13.85 % over last one year compared to the 10.26% surge in benchmark SENSEX. ITI Ltd has added 36.59% over last one month compared to 3.89% gain in BSE Teck index and 1.52% rise in the SENSEX. On the BSE, 65790 shares were traded in the counter so far compared with average daily volumes of 1.32 lakh shares in the past one month. The stock hit a record high of Rs 592.85 on 07 Jan 2025. The stock hit a 52-week low of Rs 210.2 on 25 Oct 2024.Powered by Capital Market - Live

The domestic equity benchmarks traded with moderate losses in the early-afternoon trade despite positive global cues, as fund outflows triggered by large block deals and heightened primary market activity weighed on investor sentiment. The Nifty traded below the 24,800 level. Metal shares extended losses for the second consecutive trading session. At 12:30 ST, the barometer index, the S94% of LPA). Buzzing Index: The Nifty Metal index slipped 0.64% to 9,235.40. The index declined 1.03% in past two consecutive trading sessions. NMDC (down 2.21%), JSW Steel (down 1.26%), Hindalco Industries (down 1.15%), Steel Authority of India (down 0.77%), Vedanta (down 0.71%), Tata Steel (down 0.49%), Jindal Steel & Power (down 0.4%), APL Apollo Tubes (down 0.38%), Adani Enterprises (down 0.32%) and Jindal Stainless (down 0.32%) declined. On the other hand, Welspun Corp (up 2.85%), Hindustan Copper (up 1.68%) and Hindustan Zinc (up 0.68%) edged higher. Stocks in Spotlight: ITI surged 8.04% 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. JK Lakshmi Cement shed 0.45%. The company reported a 3.08% decline in standalone net profit to Rs 137.96 crore in Q4 FY25 as against Rs 142.35 crore posted in the same quarter last year. However, revenue from operations increased by 5.52% year-on-year (YoY) to Rs 1,738.82 crore in the fourth quarter. Powered by Capital Market - Live

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 company's 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 company' board approved allotment of equity shares on preferential basis to President of India against capex received of Rs 59 crore. ITI 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.Powered by Capital Market - Live

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. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1045.70601.28 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 Powered by Capital Market - Live

ITI announced that India Ratings & Research has assigned credit rating of IND BB+/Stable/IND A4+ to the various debt facilities of the company. Powered by Capital Market - Live

ITI will hold a meeting of the Board of Directors of the Company on 27 May 2025.Powered by Capital Market - Live

ITI has commenced the work for State Network Operations Center (S-NOC) of the monumental BharatNet Phase-III Project at Solan in Himachal Pradesh in coordination with BSNL. S-NOC is a centralized location performance, security, where and ITI availability will of monitor project's and network manage the infrastructure, ensuring efficient delivery of services. In November 2024, ITI had emerged as L1 for BharatNet Phase-III Project in the states of Himachal Pradesh for Package No. 8, and in West Bengal, and Andaman & Nicobar Islands for Package No. 9 with total order value of Rs. 5050 crore. This project is envisaged for the Development of Middle Mile Network of BharatNet Project on a Design Build Operate and Maintain (DBOM) Model and is funded by Universal Service Obligation Fund (USOF), Government of India. The Government of India launched BharatNet Phase-III Project to connect all gram panchayats across the country to the IP-MPLS Ring Network. This modern S-NOC will monitor the connectivity of all gram panchayats (GPs) in Himachal Pradesh and will assist in providing connectivity to consumers at the last mile. The project will be implemented by ITI in Himachal Pradesh and under this scheme, 3,615 gram panchayats will be connected to 91 block headquarters via 10 Gbps bandwidth, which will be connected to the BSNL IP-MPLS Ring Network. This connectivity will be extended to 15,538 villages across the state. Approximately 20,000 kilometers of optical fiber cable (OFC) will be laid in across Himachal Pradesh for this project. Powered by Capital Market - Live

Net Loss of ITI reported to Rs 48.88 crore in the quarter ended December 2024 as against net loss of Rs 101.25 crore during the previous quarter ended December 2023. Sales rose 299.68% to Rs 1034.54 crore in the quarter ended December 2024 as against Rs 258.84 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1034.54258.84 300 OPM %-1.02-16.80 - PBDT-36.21-87.66 59 PBT-48.88-101.25 52 NP-48.88-101.25 52 Powered by Capital Market - Live

ITI will hold a meeting of the Board of Directors of the Company on 13 February 2025.Powered by Capital Market - Live