ITI Reports Significant Reduction in Q4 Losses, Revenue Surges 73%
ITI Limited, a state-owned telecom tech company, showed marked improvement in Q4 FY2024. Net loss reduced to ₹48.90 crore from ₹101.30 crore year-over-year, while revenue surged 294.59% to ₹1,072.90 crore. Q4 sales increased by 299.73% to ₹1,034.50 crore, and EBITDA turned positive at ₹27.90 crore. Operating profit margin improved to -1.02% from -16.80%. However, annual performance for FY2024 saw revenue decline by 9.66% to ₹1,308.10 crore and net loss increase to ₹568.90 crore.
09Apr 25
ITI Launches State Network Operations Center for BharatNet Phase-III in Himachal Pradesh
Indian Telephone Industries Limited (ITI) has established a State Network Operations Center (S-NOC) in Himachal Pradesh as part of the BharatNet Phase-III project implementation. This center will monitor network performance, manage broadband infrastructure, troubleshoot connectivity issues, and collect data for future improvements. The S-NOC is expected to enhance rural internet access, support e-governance initiatives, and boost local economies through digital inclusion in remote areas of the state.
ITI Receives ₹100 Crore Initial Payment from C-DOT for Bangalore Land Deal
ITI Limited has received the first installment of ₹100 crore from C-DOT as part of a ₹200 crore land deal in Bangalore. The company is transferring 22.258 acres in Electronic City to C-DOT. The remaining ₹100 crore will be paid after completing statutory formalities. This transaction represents a significant asset monetization for ITI, potentially improving its financial position.