ITI shares surge over 18% in two days after Q4 loss narrows sharply

Shares of ITI surged more than 18% over the past two trading sessions after the company reported a sharp reduction in its quarterly loss. On Thursday, the stock rose 7.6% to Rs 365.9 on the BSE.

The state-run company nearly turned profitable in the March quarter, posting a net loss of just Rs 4.4 crore compared to Rs 238.8 crore in the same period last year. The improvement was supported by an exceptional gain of Rs 62.41 crore.

This is the closest ITI has come to profitability since March 2022, when it reported a net profit of Rs 356 crore.


Revenue rose 74% year-on-year to Rs 1,045.7 crore, up from Rs 601 crore in the corresponding quarter last year.

EBITDA loss also narrowed significantly to Rs 28.2 crore, from a loss of Rs 173.8 crore in the year-ago period.

ITI remains a tightly held PSU stock, with the government owning a 90% stake as of the March quarter. Of the remaining public shareholding, the Special National Investment Fund holds 7.9%, resulting in a limited free float.

While ITI shares have gained 46% over the past three months, they are down 6% so far in 2025. The company’s market capitalisation currently stands at Rs 34,673 crore.

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About ITI

Founded in 1948, ITI Limited is India’s first public sector undertaking (PSU) in the telecommunications space. Over the years, it has built a strong manufacturing footprint with facilities in Bengaluru, Naini, Rae Bareli, Mankapur, and Palakkad, and a dedicated R&D centre in Bengaluru.

The company also operates 11 Marketing, Services & Projects (MSP) centres across India in cities such as Mumbai, Chennai, Hyderabad, Kolkata, Delhi, and Chandigarh, among others.

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ITI’s diverse product portfolio includes advanced telecom and defence equipment such as Gigabit Passive Optical Networks (GPON), Managed Leased Line Network (MLLN) products, Wi-Fi access points, encryption units, smart energy meters, smart cards, and mini PCs. It also manufactures passive infrastructure products like optical fibre cables, HDPE ducts, and antennas.

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