ITI Limited has announced its financial results for the third quarter of FY25, posting a significant increase in revenue while continuing to report losses due to rising expenses.
The company’s revenue from operations surged to ₹1,034.54 crore, compared to ₹258.84 crore in Q3 FY24, marking a substantial 300% year-on-year (YoY) growth. However, despite this sharp increase, higher operational costs resulted in a net loss of ₹48.88 crore, an improvement from the ₹101.25 crore loss reported in Q3 FY24.
Key Financial Highlights (YoY Comparison):
- Revenue from Operations: ₹1,034.54 crore vs ₹258.84 crore (↑300%)
- Total Income: ₹1,054.70 crore vs ₹271.44 crore (↑288%)
- Total Expenses: ₹1,121.82 crore vs ₹373.17 crore (↑200%)
- Net Loss: ₹48.88 crore vs ₹101.25 crore (↓51.7%)
- EBITDA: Loss of ₹67.12 crore vs ₹101.69 crore loss in Q3 FY24
For the nine-month period ending December 31, 2024, ITI reported a total revenue of ₹2,629.05 crore, compared to ₹697.59 crore in the same period last year. Despite strong revenue growth, the company’s cumulative net loss stood at ₹210.52 crore, down from ₹330.07 crore loss in the same period last year.
The significant revenue growth was driven by strong operational performance, but increased expenses in raw material costs and employee benefits weighed on the company’s profitability. ITI Limited continues to focus on cost optimization and expansion strategies to strengthen its financial position in upcoming quarters.
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