ITI Shares Jump 18% In Two Days As Q4 Loss Narrows Significantly

Last Updated:May 29, 2025, 11:43 IST

Shares of ITI Limited have rallied more than 18% over past two trading sessions, driven by a sharp reduction in the company’s quarterly loss

ITI Share Price: Shares of ITI Limited have rallied more than 18% over the past two trading sessions, driven by a sharp reduction in the company’s quarterly loss. On Thursday, the stock rose 7.6% to Rs 365.90 on the BSE.

The state-run telecom firm came close to breaking even in the March quarter, reporting a net loss of just Rs 4.4 crore — a significant improvement from the Rs 238.8 crore loss recorded in the same period last year. This turnaround was aided by an exceptional gain of Rs 62.41 crore.

This marks ITI’s closest brush with profitability since March 2022, when it reported a net profit of Rs 356 crore.

Revenue surged 74% year-on-year to Rs 1,045.7 crore, compared to Rs 601 crore in the year-ago quarter. The company also managed to significantly reduce its EBITDA loss to Rs 28.2 crore, down from Rs 173.8 crore.

Despite the recent rally, ITI remains a tightly held PSU stock. As of the March quarter, the government holds a 90% stake, while the Special National Investment Fund owns another 7.9%, leaving a limited free float for public investors.

Over the past three months, ITI shares have climbed 46%. However, they remain down 6% year-to-date in 2025. The company’s current market capitalisation stands at Rs 34,673 crore.

Founded in 1948, ITI Limited was India’s first public sector undertaking in the telecommunications space. The company operates manufacturing facilities in Bengaluru, Naini, Rae Bareli, Mankapur, and Palakkad, along with an R&D centre in Bengaluru. It also runs 11 Marketing, Services & Projects (MSP) centres across major cities including Mumbai, Chennai, Hyderabad, Kolkata, Delhi, and Chandigarh.

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