ITI Limited: A Deep Dive into its Performance by fundcode's Workspace
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00:00:00 Introduction to ITI Limited
00:00:17 Financial Results Announcement
00:00:58 Launch of SMAASH Branded Laptop and Micro PC
00:01:24 Stock Performance and Collaboration with Intel Corporation
00:01:51 Summary and Conclusion
Hello and welcome to today's video, where we will talk about ITI Limited, a public sector telecommunications company in India. ITI Limited has been in the news recently for various reasons, such as its financial results, its product launches, and its stock performance. Let's take a look at some of the highlights.
First, ITI Limited announced its unaudited financial results for the quarter and half year ended 30th September 2023 on 9th November 2023¹. The company reported a revenue of Rs. 2.46 billion, which was a 24.76% increase from the same quarter last year. However, the company also posted a net loss of Rs. 1.26 billion, which was a 25.33% increase from the previous quarter. The company attributed the loss to higher expenses, lower margins, and deferred tax adjustments¹.
Second, ITI Limited launched its own branded laptop and micro PC with international standards on 10th December 2023². The products have been branded as 'SMAASH', and have obtained essential certifications, such as BIS, ROHS, BEE, CE, and FCC². The company said that the products are aimed at providing affordable and reliable computing solutions to various segments, such as education, healthcare, banking, and e-governance².
Third, ITI Limited's stock price has been volatile in the past few months, reflecting the mixed sentiments of the investors. The stock reached an all-time high of Rs. 384.3 on 13th December 2023, after the company signed a pact with Intel Corporation to collaborate on 5G and edge computing solutions³. However
Source: Conversation with Bing, 1/18/2024
(1) ITI Ltd. [ Ссылка ].
(2) ITI Share Price Today (17 Jan, 2024) - ITI Share Price Live NSE/BSE. [ Ссылка ].
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