ITI reports 12-fold jump in Q3 net profit

ITI Ltd. | Telecommunication - Equipment | Telecom | BSE: 523610 | NSE: ITI

07 Jan 2020 Evaluate

ITI has reported results for third quarter ended December 31, 2019.

The company has reported over 12-fold jump in its net profit at Rs 168.25 crore for the quarter under review as compared to Rs 13.58 crore for the same quarter in the previous year. Total income of the company increased by 53.95% at Rs 978.82 crore for Q3FY20 as compared Rs 635.80 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	775.35
ITI	256.85
Tejas Networks	520.90
Quadrant Televenture	0.79
Valiant Communicatns	1280.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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