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ITI reports 4.89% fall in Q2 net profit

12 Oct 2019 Evaluate

ITI has reported results for second quarter ended September 30, 2019.

The company has reported 4.89% fall in its net profit at Rs 7.19 crore for the quarter under review as compared to Rs 7.56 crore for the same quarter in the previous year. However, total income of the company increased by 5.39% at Rs 430.26 crore for Q2FY20 as compared Rs 408.24 crore for the corresponding quarter previous year.

ITI offers products and services in the telecom sector. The company has a range of telecom products and total solutions covering the whole spectrum of switching, transmission, access and subscriber premises equipment.

Peers
Company Name CMP
Black Box 856.40
ITI 237.40
Tejas Networks 451.10
Quadrant Televenture 0.81
Valiant Communicatns 1706.75
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