ITI Limited , a state-owned telecommunications technology company, has reported a narrowed net loss for the quarter ended September 30, 2025, despite a significant drop in revenue. The company continues to operate under a government-approved revival plan.

Financial Performance

ITI Limited posted a net loss of Rs 5,436.00 lakhs for the quarter ended September 30, 2025, compared to a loss of Rs 7,033.00 lakhs in the previous quarter. This represents a 22.7% reduction in net loss. However, the company's revenue from operations saw a substantial decline, dropping to Rs 4,340.00 lakhs from Rs 49,801.00 lakhs in the previous quarter.

Revenue Decline and Order Book

The sharp decrease in revenue is a cause for concern, as it represents a 91.3% decline quarter-over-quarter. Despite this, ITI Limited maintains a substantial order book worth Rs 1,87,261.00 lakhs, which may provide some stability for future operations.

Government Revival Plan

ITI Limited continues to operate under a government-approved revival plan. The plan, sanctioned by the Cabinet Committee on Economic Affairs (CCEA), involves a total financial assistance of Rs 4,15,679.00 lakhs. As of the reporting date, the company has received Rs 3,02,535.00 lakhs of this assistance.

Key Projects and Challenges

The company is currently engaged in the execution of the Army Static Switched Communication Network (ASCON) Phase IV project, valued at Rs 8,280.36 crore. This project includes:

• Installation, commissioning, and maintenance of telecom equipment
• Network Management System (NMS)
• Mobile nodes
• Civil works for providing complete infrastructure at various sites
• Roll-out of the optical fiber network

However, the project has faced delays, primarily due to Country-of-Origin issues, which have now been resolved. The project timeline has been revised to December 2025.

Going Concern and Future Outlook

Despite the current losses, the management maintains that the going concern basis of accounting is appropriate. This view is supported by:

1. The high value of the existing order book (Rs 1,87,261.00 lakhs)
2. Expected conversion of unbilled revenue (Rs 203,480.00 lakhs) into billed revenue within the next 12 months
3. Adequate working capital borrowing sanctions from consortium banks
4. Continued support from the Government of India

Conclusion

While ITI Limited has managed to narrow its quarterly loss, the significant decline in revenue presents a major challenge. The company's ability to execute its substantial order book efficiently and convert unbilled revenue into cash flow will be crucial for its financial recovery and long-term sustainability.

ITI Limited , India's premier telecom manufacturing company, has announced a significant partnership with the Government of Kerala to introduce Kerala Savaari 2.0, an upgraded version of the state's online auto and cab booking platform. This collaboration marks a notable step in the modernization of Kerala's transportation system.

Key Highlights of Kerala Savaari 2.0

• Launch Date: The project was officially launched on November 4, 2025, by the State Minister for Labour, Mr. Sivankyutty, in Thiruvananthapuram.
• Current Operations: Fully operational in Thiruvananthapuram and Kochi cities.
• Future Expansion: Plans to extend to other districts and cities after full-fledged operation in the initial two cities.
• Multi-Modal Integration: Set to become a multi-modal transport system app by December 2025, integrating metro, water metro, metro feeder buses, autos, and cabs.

Project Performance

Unique Features

• Subscription Model: Unlike other platforms, Kerala Savaari operates on a subscription mode with fixed rates set by the government.
• Driver Benefits: The subscription model ensures higher income for drivers.
• Multi-Mobility Approach: Designed to sync with various transportation and ticketing systems, including metro, water metro, tourism, temple ticketing, railway, and pre-paid auto counters.

Statements from Key Figures

Mr. Rajesh Rai, Chairman and Managing Director of ITI Limited, expressed enthusiasm about the partnership, stating, "ITI Limited is delighted to partner with the Government of Kerala to launch this commuter-friendly online platform called Kerala Savaari in Kerala." He emphasized the company's commitment to providing continuous technical support for the smooth functioning of the app.

Mr. Sivankyutty, Labour Minister of Kerala, highlighted the significance of the project, saying, "Kerala Savaari is not just an app, it is a symbol of the Kerala government's commitment to ensuring worker welfare and safe travel at affordable rates for the public."

Future Prospects

The Kerala Savaari project aims to set a new standard in public transportation, potentially becoming a model for the whole of India. With its focus on worker welfare and public convenience, this initiative represents a significant step towards modernizing Kerala's transportation infrastructure while prioritizing the interests of both service providers and users.

As ITI Limited continues to expand its portfolio beyond telecom manufacturing into digital services, this partnership showcases the company's versatility and commitment to contributing to India's technological advancement across various sectors.