 "A unit of state-owned ITI in Rae Bareli")
Shares of ITI surged 15 per cent to Rs 106 on the BSE on Tuesday after the company reported robust earnings with an over 12-fold jump in the consolidated net profit at Rs 168 crore in the December 2019 quarter of the current fiscal year (Q3FY20).
With this, the company’s net worth has become positive after a period of 16 years, the company said in a statement.
Higher operational revenue and other income, the management said, contributed towards the higher profit during the quarter. The state-owned telecom equipment provider had a profit of Rs 13.58 crore in the year ago quarter.
ITI’s revenue
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