ITI shares spurt ~9% in response to Q4 results

28 May 2025 , 03:06 PM

ITI Limited saw a sharp increase of about 9% in its share price on Wednesday after the company announced its results for the quarter ended March 2025. The business almost swung back to profit after posting a net loss of ₹4.4 Crore. In the previous corresponding quarter, the business posted a net loss of ₹238.80 Crore.

However, the company also informed that the company’s net loss in the quarter narrowed due to an exceptional gain of ₹62.41 Crore.

The last instance of bottomline being at these levels was back in 2022. It reported a net profit of ₹356 Crore in the quarter ended March 2022.

The business also said that revenue from operations witnessed a 74% year-on-year growth at 1,045.70 Crore. In the previous corresponding quarter, the business posted a revenue of ₹601 Crore.

The business also posted a negative EBITDA of ₹28.20 Crore for the quarter ended March 2025. In the previous corresponding quarter, the business logged a negative EBITDA of ₹173.80 Crore. 

As per the reports, this PSU stock does not have a major market free float. At the end of March 2025 quarter, the government held a 90% stake.

At around 2.53 PM, ITI was trading 9.49% higher at ₹338.60, against the previous close of ₹309.25 on NSE. The counter touched an intraday high of ₹340.15.

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