Shares of ITI Ltd fell 3.06% to ₹293.35 on Thursday morning after the telecom equipment maker reported a 4.2% year-on-year (YoY) drop in consolidated revenue for Q1 FY26 to ₹498 crore, down from ₹520 crore in the same quarter last year.
The company posted an EBITDA loss of ₹7.4 crore, narrowing from a ₹12.7 crore loss in Q1 FY25. Net loss also contracted to ₹63.6 crore from ₹91.3 crore a year earlier, indicating some improvement in operating performance despite the topline pressure.
Separately, ITI announced plans to launch an AI-powered road safety pilot project in Uttar Pradesh, signalling its continued push into new technology-driven initiatives beyond its core telecom business.
The stock’s decline came on higher-than-average volumes, suggesting increased investor activity following the earnings announcement.
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