ITI (523610) Q4 24/25 earnings summary

Executive summary

• Reported consolidated revenue for FY25 was ₹370,162 lakhs, with a net loss of ₹21,489 lakhs year-over-year.

• Standalone results mirrored consolidated trends, with revenue at ₹370,162 lakhs and a net loss of ₹23,315 lakhs for FY25.

• The company remains under a government-approved revival plan and continues to operate as a going concern, supported by a large order book and government assistance.

Financial highlights

• Revenue from operations for Q4 FY25 was ₹104,570 lakhs, up significantly from ₹60,128 lakhs in Q4 FY24.

• Net loss for FY25 was ₹21,489 lakhs (consolidated) and ₹23,315 lakhs (standalone), both improved from FY24 losses.

• Earnings per share (EPS) for FY25 stood at ₹(2.24) consolidated and ₹(2.43) standalone.

• Total assets as of March 31, 2025, were ₹1,040,229 lakhs (consolidated) and ₹1,034,915 lakhs (standalone).

• Current liabilities exceeded current assets, raising liquidity concerns.

Outlook and guidance

• Management asserts the going concern basis is appropriate, citing a robust order book of ₹1,482,709 lakhs and expected conversion of unbilled revenue.

• Revival plan implementation and continued government support are critical for future stability.