ITI Ltd Q3 results: Net loss reported at Rs 48.9 crore, revenue surges to multifold at Rs 1034.5 crore
The company's revenue from operations surged 299.73% to Rs 1,034.5 crore from Rs 258.8 crore in the corresponding period of the previous fiscal, driven by strong operational performance.
Telecom major PSU ITI Ltd reported a net loss of Rs 48.9 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, ITI posted a net loss of Rs 101.3 crore, the company said in a regulatory filing.
The company's revenue from operations surged 299.73% to Rs 1,034.5 crore from Rs 258.8 crore in the corresponding period of the previous fiscal, driven by strong operational performance. At the operating level, the EBITDA loss stood at Rs 10.6 crore in the third quarter of this fiscal over a loss of Rs 43.5 crore in the corresponding period in the previous fiscal.
Join PSU Connect on WhatsApp now for quick updates! Click here
Read Also : Place Your Bets and Win: Why Megapari is the Best Choice for Players in India
The company has been actively participating in projects like ASCON Phase IV, BSNL 4G Rollout, Mahanet, TanfiNet, NFS Project, Gujnet, and IAF project for Upgradation of 3G network to 4G/5G.
Read Also : IEW 2025: Petroleum Minister Hardeep S. Puri visited ONGC PavilionFurther, the company had also recently announced multiple order wins including a Rs 95 crore project from the Directorate of Geology & Mining, Government of Uttarakhand. Similarly, the company along with its consortium partner emerged as the Lowest Bidder for BharatNet project packages worth Rs 4559 crore.
Shares of ITI Ltd ended at Rs 284.35, down by 1.34% on the BSE.
Read Also : Himalayan Honey & Almond Cake for the perfect Valentine's Day Dinner