Shares of ITI Ltd fell 3.62% on Friday despite the company posting improved financial results for Q3FY25.
The state-run telecom equipment manufacturer reduced its net loss to ₹48.9 crore, a significant improvement from the ₹101.3 crore loss in Q3FY24.
The company’s revenue surged 299.73% YoY to ₹1,034.5 crore, up from ₹258.8 crore in the corresponding quarter last year. This rise was attributed to strong operational performance and key projects, including BSNL 4G rollout, ASCON Phase IV, and various network upgrade initiatives.
At the operating level, EBITDA loss narrowed to ₹10.6 crore in Q3FY25, compared to a loss of ₹43.5 crore in Q3FY24, showcasing improved cost management.
Despite the strong numbers, shares of ITI Ltd were down 3.62% to ₹274.05 from the previous close of ₹284.35, indicating possible profit booking or investor caution.
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