ITI (523610) Q3 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024, were approved by the Board on February 13, 2025.

• The company continues to operate under a government-approved revival plan, with significant financial assistance received and ongoing support from the Government of India.

Financial highlights

• Consolidated revenue from operations for the nine months ended December 31, 2024, was ₹1,03,454 lakhs, with total revenue at ₹1,05,470 lakhs; for the quarter, revenue was ₹25,884 lakhs.

• Consolidated net loss for the nine months was ₹33,007 lakhs, and for the quarter, ₹4,888 lakhs, compared to a net loss of ₹56,906 lakhs for the year ended March 31, 2024.

• Basic and diluted EPS for the nine months was (₹3.44), and for the quarter, (₹0.51).

• Standalone results closely mirror consolidated figures, with similar revenue and loss patterns.

Outlook and guidance

• Management asserts the going concern basis is appropriate, citing a high-value order book of ₹15,49,346 lakhs and expected conversion of unbilled revenue of ₹1,79,753 lakhs within 12 months.

• Recovery processes are being stepped up to collect billed dues, and working capital borrowing is adequately sanctioned.