ITI Ltd's Q3FY25 Quarterly Results

Result Summary

• ITI Ltd reported a 2.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 288.5%.
• Its expenses for the quarter were up by 2.0% QoQ and 200.6% YoY.
• The net profit decreased 30.5% QoQ and decreased 51.7% YoY.
• The earnings per share (EPS) of ITI Ltd declined at 0.5 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

ITI Ltd, a public sector company, operates within the telecommunications sector in India. Historically, the company has been involved in the manufacturing and supply of telecom equipment and infrastructure services. ITI Ltd's product portfolio primarily includes electronic and communication equipment, such as switching, transmission products, and network management systems, among others. The company often collaborates with government projects and has been a key player in providing solutions for defense, railways, and various other sectors. Recent developments or specific new product launches are not available from the provided data.

Revenue

In the third quarter of the financial year 2025 (Q3FY25), ITI Ltd reported a total income of ₹1054.70 crores. This represents a quarter-over-quarter (QoQ) increase of 2.3% compared to ₹1030.87 crores in the second quarter of FY25 (Q2FY25). Year-over-year (YoY), the company saw a substantial increase of 288.5% from ₹271.47 crores in Q3FY24. This significant rise in total income over the year indicates a notable improvement in revenue generation. The consistent growth over the recent quarters suggests a positive trajectory in revenue performance.

Profitability

The company's profitability metrics for Q3FY25 show a loss, with a profit before tax (PBT) of -₹67.12 crores. This marks a slight improvement of 4.3% from the previous quarter's PBT of -₹70.11 crores. Compared to the same quarter last year (Q3FY24), where the PBT was -₹101.70 crores, there is a decrease in the loss by 34.0%. However, the profit after tax (PAT) for Q3FY25 stands at -₹48.88 crores, which is a significant improvement from -₹70.33 crores in Q2FY25, and from -₹101.25 crores in Q3FY24, reflecting a YoY improvement of 51.7%. Earnings per share (EPS) also improved to -₹0.50 in Q3FY25 from -₹0.70 in Q2FY25, and further compared to -₹1.10 in Q3FY24, indicating a YoY improvement of 54.5%.

Operating Metrics

In terms of operating expenses, ITI Ltd reported total expenses of ₹1121.82 crores for Q3FY25. This represents a 2.0% increase from ₹1100.07 crores in Q2FY25, and a substantial increase of 200.6% from ₹373.18 crores in Q3FY24. Despite the increase in expenses, the company managed to reduce its net loss compared to both the previous quarter and the same quarter last year. The absence of tax expenses in the financial data for the quarters under review indicates either a continued tax exemption status or losses carried forward offsetting taxable income. These financial metrics provide insights into the company's operational scale and cost structure dynamics over the analyzed periods.