ITI

Q3 Results: Net loss narrows to ₹48.9 crore as revenue surges nearly 300%

Q3 Results: State-run telecom equipment manufacturer ITI posted strong results for the quarter ended December 31, 2024 (Q3FY25). It reported a net loss of ₹48.9 crore for the quarter, significantly improving from the ₹101.3 crore loss recorded in the same quarter of the previous fiscal (Q3FY24). Meanwhile, the company’s revenue from operations soared 299.73 percent year-over-year (YoY) to ₹1,034.5 crore, compared to ₹258.8 crore in the corresponding period last year. This sharp increase was driven by strong operational performance despite rising raw material costs. At the operating level, ITI Ltd reduced its EBITDA loss to ₹10.6 crore in Q3 FY24, compared to a loss of ₹43.5 crore in the year-ago period. Other Highlights The company's financial performance was supported by key projects, including ASCON Phase IV, BSNL 4G rollout, Mahanet, Tanfinet, the NFS project, Gujnet, and the Indian Air Force's 3G-to-4G/5G network upgrade initiative.