ITI (523610) Q2 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2024 were approved by the Board on 14 November 2024.

• The company continues to operate under a government-approved revival plan, with significant financial assistance received.

Financial highlights

• Consolidated revenue from operations for H1 FY25 was ₹1,01,620 lakhs, up from ₹40,351 lakhs in H1 FY24.

• Consolidated net loss for H1 FY25 stood at ₹16,164 lakhs, compared to a net loss of ₹22,882 lakhs in H1 FY24.

• Standalone net loss for H1 FY25 was ₹16,119 lakhs, versus ₹22,840 lakhs in H1 FY24.

• Basic and diluted EPS for H1 FY25 was (₹1.68) on both standalone and consolidated basis.

Outlook and guidance

• Management asserts the going concern basis is appropriate, citing a high-value order book of ₹11,12,429 lakhs and additional orders of ₹29,104 lakhs.

• Unbilled revenue of ₹1,81,115 lakhs is expected to be realized by completing contract milestones in the next 12 months.