ITI Reports Significant Sales Growth Amid Rising Debt and Profitability Challenges in December 2024 Results

Feb 13 2025 10:16 PM IST
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ITI recently reported its financial results for the quarter ending December 2024, showcasing significant year-on-year growth in net sales, reaching Rs 1,034.54 crore. The company also achieved its highest profit before and after tax figures in five quarters, while facing challenges related to increased debt and sustainability of non-operating income.
ITI, a prominent player in the Telecommunication Equipment industry, recently announced its financial results for the quarter ending December 2024. The results, declared on February 13, 2025, indicate a notable shift in the company's evaluation, with its score adjusting from 25 to 22 over the past three months.

The financial data reveals several posITIve trends for ITI. The company reported net sales of Rs 1,034.54 crore, reflecting a significant year-on-year growth of 299.68%. This figure marks the highest quarterly sales in the last five quarters, suggesting a robust near-term sales trajectory. AddITIonally, the profit before tax (PBT) and profit after tax (PAT) figures also reached their highest levels in the same period, at Rs -69.04 crore and Rs -48.88 crore, respectively. The earnings per share (EPS) improved to Rs -0.51, indicating a move towards greater profitability.

However, challenges remain. The debt-equity ratio has risen to 1.05 times, indicating an increase in borrowing to support operations, which may impact liquidity. Furthermore, the rise in non-operating income to Rs 20.16 crore raises concerns about sustainability.

Overall, ITI's recent financial results highlight a complex landscape of growth and challenges.

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