ITI Share Price Advances After Q4 Revenue Rise

Share price for ITI Ltd. rose nearly 9% to trade at Rs 336.80 apiece after its fourth quarter revenue rose.

Revenue rose 73.9% to Rs 1,046 crore during the January-March period, compared to Rs 601 crore in the same period last year.

Net loss stood at Rs 4.4 crore, compared to Rs 239 crore in the same quarter last year. The company also pared some earnings before interest, tax, depreciation and amortisation losses and went from a loss of Rs 174 crore last year to Rs 28.2 crore.

Shares for ITI rose as much as 8.91% to Rs 336.80 apiece, the highest level since 30 Jan 2025. It pared gains to trade 8.44% higher at Rs 335.35 apiece, as of 9:30 a.m. This compares to a 0.23% decline in the NSE Nifty 50 Index.

The share price has fallen 13.68% on a year-to-date basis and is up 11.14% in the last 12 months. Total traded volume so far in the day stood at 49 times its 30-day average. The relative strength index was at 63.64.

No analysts are currently tracking the company.