# ITI (ITI) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/iti

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹256.9
- Change: +0.63%
- As of: 2026-09-18
- 1D return: +0.39%
- 5D return: -2.73%
- 1M return: -8.30%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, ITI's technical stance is predominantly bearish across multiple timeframes, with the current price of ₹256.3 trading below key moving averages and trend indicators on daily, weekly, and monthly charts. Daily momentum appears weak, evidenced by the price being below the 20-day and 50-day Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), with negative slopes on these averages. The daily Supertrend indicator is also bearish. This alignment suggests a consistent downtrend. The nearest support is observed around ₹255.37, a pivot level, followed by lows at ₹253.43 and ₹252.0. Resistance is noted at ₹257.23, with further levels at ₹259.17 and ₹261.03. The stock has experienced a recent high-severity anomaly on September 15, 2026, with a wide intraday range and a negative return. The current setup carries risk, indicated by an annualized volatility of 58% and a current drawdown of -53%.

Key watch conditions include monitoring the ₹255.37 support level for potential breaches, which could signal further downside. Conversely, a sustained move above the nearest resistance at ₹257.23, followed by a break above ₹259.17, would be needed to challenge the prevailing bearish sentiment. The formation of an Outside Bar on September 18, 2026, suggests potential for increased volatility.

- Current price of ₹256.3 is below daily, weekly, and monthly trend indicators.
- Nearest support level identified at ₹255.37.
- Nearest resistance level identified at ₹257.23.
- A high-severity anomaly occurred on September 15, 2026.
- An Outside Bar pattern was active on September 18, 2026.

- Outside Bar
- Doji
- Harami
- Bearish Engulfing Reversal
- Hammer
- Inside Bar

### News Context

ITI Limited announced on August 19, 2026, that it has issued a Request for Proposal (RFP) through the National Land Monetization Corporation (NLMC) for an e-Auction of a 44.03-acre land parcel located in Krishnarajapuram, Bengaluru. The reserve price for this auction has been set at ₹1,685.40 Crores. This move is part of the company's efforts to monetize its land assets. Earlier, on August 11, 2026, ITI Limited clarified a news report regarding a strategic collaboration with Airtel Business. The company confirmed the pact, aimed at accelerating digital transformation across various enterprise solutions including connectivity, data centers, cloud, IoT, AI, and cybersecurity. ITI stated that this collaboration was previously disclosed and that no specific material impact could be quantified at that time. Additionally, the company reported a change in directorship, with the Government of India appointing Shri Sanjiwan Sinha as a Government Nominee Director to its Board, effective August 10, 2026.

- On August 19, 2026, ITI Limited initiated an e-Auction process for a 44.03-acre land parcel in Bengaluru with a reserve price of ₹1,685.40 Crores.
- On August 11, 2026, ITI Limited confirmed a strategic collaboration with Airtel Business for digital transformation solutions, noting it was previously disclosed.
- On August 10, 2026, Shri Sanjiwan Sinha was appointed as a Government Nominee Director to the Board of ITI Limited.

- Intimation under Regulation 30 with respect to the RFP for the e-Auction of ITI Land Parcel at Krishnarajapuram, Bengaluru, Karnataka. |SUBJECT: General Updates
- Kavitha L. Under Secretary to Government Finance Department has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. |SUBJECT: Disclosure under SEBI Takeover Regulations
- ITI Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- The Exchange has sought clarification from ITI Limited with respect to recent news item captioned ITI shares jump over 4% after pact with Airtel Business for digital solutions. The response from the Company is attached. |SUBJECT: News Verification
- ITI Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)

### What Changed

As of September 18, 2026, ITI's stock price has seen a slight increase, trading at ₹256.3 compared to ₹255.3 on the previous day. The available evidence does not indicate any new filings or news developments for the company. The company's profile on the NSE remains unchanged.

- On September 18, 2026, ITI's stock price was ₹256.3.
- On September 17, 2026, ITI's stock price was ₹255.3.
- ITI is listed on the NSE.
- No new filings or news were reported for ITI as of September 18, 2026.

### Official Filings

ITI Limited is proceeding with the monetization of a significant land asset. On August 19, 2026, the company announced a Request for Proposal (RFP) for the e-Auction of a 44.03-acre land parcel located in Krishnarajapuram, Bengaluru. The auction has a reserve price set at ₹1,685.40 Crores, with further details available on the company's tender website. This initiative is being managed through the National Land Monetization Corporation (NLMC). In other developments, the company's bank loan facilities received a credit rating of IND BB+/Positive/IND A4+ from India Ratings and Research on August 3, 2026. The total size of these rated facilities was reduced to ₹42,213.90 million from ₹48,516.90 million, with the outlook revised to Positive. ITI Limited also confirmed a strategic collaboration with Airtel Business, disclosed on August 11, 2026, aimed at accelerating digital transformation across various enterprise solutions. The company stated that while the collaboration was previously disclosed, no specific material impact could be quantified at present. Leadership changes include the appointment of Shri Sanjiwan Sinha as Government Nominee Director, effective August 10, 2026, and Shri Ajai Kumar Srivastava as Director Production, effective July 31, 2026, for a term up to March 31, 2029.

- On August 19, 2026, ITI Limited initiated an e-Auction process for a 44.03-acre land parcel in Bengaluru with a reserve price of ₹1,685.40 Crores.
- India Ratings and Research assigned a credit rating of IND BB+/Positive/IND A4+ to ITI Limited's bank loan facilities on August 3, 2026, revising the outlook to Positive.
- The total size of the rated bank loan facilities was reduced to ₹42,213.90 million.
- On August 11, 2026, ITI Limited confirmed a strategic collaboration with Airtel Business for digital solutions, noting no quantifiable material impact at present.
- Shri Sanjiwan Sinha was appointed Government Nominee Director effective August 10, 2026, and Shri Ajai Kumar Srivastava was appointed Director Production effective July 31, 2026.

- Intimation under Regulation 30 with respect to the RFP for the e-Auction of ITI Land Parcel at Krishnarajapuram, Bengaluru, Karnataka. |SUBJECT: General Updates
- Kavitha L. Under Secretary to Government Finance Department has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. |SUBJECT: Disclosure under SEBI Takeover Regulations
- ITI Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- The Exchange has sought clarification from ITI Limited with respect to recent news item captioned ITI shares jump over 4% after pact with Airtel Business for digital solutions. The response from the Company is attached. |SUBJECT: News Verification
- ITI Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)

### Fundamentals

ITI's recent operating performance shows a mixed trajectory. Revenue from operations was ₹425.03 crore in Q1 FY2026-27, a decrease from ₹627.65 crore in Q4 FY2025-26, but an increase from ₹514.65 crore in Q3 FY2025-26. The company reported a loss for the period of ₹32.25 crore in Q1 FY2026-27, compared to a profit of ₹375.14 crore in Q4 FY2025-26 and a loss of ₹25.33 crore in Q3 FY2025-26. This shift from profit to loss was accompanied by a significant increase in finance costs, which rose to ₹80.82 crore in Q4 FY2025-26 before decreasing to ₹29.98 crore in Q1 FY2026-27. Other expenses also saw a notable increase in Q4 FY2025-26 at ₹116.34 crore, compared to ₹23.23 crore in Q3 FY2025-26 and ₹19.98 crore in Q1 FY2026-27. The basic earnings per share reflected this volatility, moving from ₹3.90 per share in Q4 FY2025-26 to a loss of ₹0.33 per share in Q1 FY2026-27.

- Revenue from operations was ₹425.03 crore in Q1 FY2026-27.
- Profit Loss For Period was -₹32.25 crore in Q1 FY2026-27.
- Finance Costs were ₹29.98 crore in Q1 FY2026-27.
- Other Expenses were ₹19.98 crore in Q1 FY2026-27.
- Basic Earnings Loss Per Share was ₹-0.33 per share in Q1 FY2026-27.

### Bull Case

The company's stock is currently trading at ₹256.3 as of September 18, 2026. While recent returns have been negative across various periods, including a -18% year-to-date return and a -19% return over the past year, the nearest support level is observed at ₹255.37, which is only 0.36% below the current price. This proximity to a support level may be viewed constructively by some investors.

- The stock is trading at ₹256.3 on September 18, 2026.
- The nearest identified support level is ₹255.37, representing a 0.36% difference from the current price.

### Bear Case

The company's technical indicators suggest a prevailing bearish trend across multiple timeframes. Daily and monthly trend analyses indicate bearish Supertrend signals, with the daily EMA 20 and SMA 200 positioned above the current closing price of ₹256.3. This is further supported by negative slopes in short-term moving averages (EMA 20 slope of -6.39 and SMA 20 slope of -5.42 over 5 days). The stock has experienced significant drawdowns, with a current drawdown of -53% and a maximum drawdown of -56%, indicating substantial historical price depreciation. Recent performance also shows negative returns across various periods, including a -18% return year-to-date and a -19% return over the past year.

- The daily Supertrend indicator is bearish as of 2026-09-18.
- The monthly Supertrend indicator is bearish as of 2026-09-18.
- The current drawdown stands at -53%, with a maximum drawdown of -56%.
- Year-to-date returns are -18%, and 1-year returns are -19% as of 2026-09-18.

### FAQs

**What is the status of ITI Limited's land parcel monetization in Bengaluru?**

On August 19, 2026, ITI Limited announced a Request for Proposal (RFP) for an e-Auction of a 44.03-acre land parcel in Krishnarajapuram, Bengaluru. The reserve price for this auction has been set at ₹1,685.40 Crores.

**What recent strategic collaborations has ITI Limited entered into?**

ITI Limited confirmed a strategic collaboration with Airtel Business, announced on August 11, 2026, aimed at accelerating digital transformation in areas such as enterprise connectivity, data centre, sovereign cloud, IoT, AI, and cybersecurity. The company stated this collaboration was previously disclosed and its specific material impact cannot be quantified at present.

**What has been the recent stock performance of ITI Limited?**

As of September 18, 2026, ITI Limited's stock has experienced varied returns across different periods. The return since the start of the year (YTD) is -18%, and over the past year (1Y), the return is -19%. In the last month (1m), the return was -9%, and over the last three months (3m), it was -18%.

**What is the current technical trend for ITI Limited's stock?**

Based on daily technical indicators as of September 18, 2026, ITI Limited's stock is showing a bearish trend. The Supertrend indicator is at 272.77, and the Exponential Moving Averages (EMA) for 20 and 50 days are above the current closing price of ₹256.3. The 20-day EMA is 266.67, and the 50-day EMA is 275.20, with negative slopes observed over the last 5 days.

- Intimation under Regulation 30 with respect to the RFP for the e-Auction of ITI Land Parcel at Krishnarajapuram, Bengaluru, Karnataka. |SUBJECT: General Updates
- Kavitha L. Under Secretary to Government Finance Department has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. |SUBJECT: Disclosure under SEBI Takeover Regulations
- ITI Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- The Exchange has sought clarification from ITI Limited with respect to recent news item captioned ITI shares jump over 4% after pact with Airtel Business for digital solutions. The response from the Company is attached. |SUBJECT: News Verification
- ITI Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Insufficient History
- Pivot point: ₹255.37
- Risk regime: Higher Price Risk

### Support levels
- 252
- 246.1
- 237.625

### Resistance levels
- 295.791640625
- 319.2875
- 332.6625

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.39% |
| return_10 | -4.53% |
| return_1m | -8.58% |
| return_1y | -19.06% |
| return_20 | -8.30% |
| return_3m | -17.63% |
| return_5 | -2.73% |
| return_6m | -3.06% |
| return_since_start | -32.86% |
| return_ytd | -17.55% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -56.09% |
| annualized_volatility | +57.84% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Quarterly loss narrows year-on-year as revenue slips to a five-quarter low

The company reported a net loss of ₹32.25 crore for the quarter, roughly half the ₹63.61 crore loss in the same period a year earlier. The improvement came despite revenue falling to its lowest level in five quarters. While the immediately preceding quarter had posted a significant profit, the current result returns to the loss-making pattern seen in most recent periods, with a sharp decline in finance costs helping to contain the deficit.

## Revenue contracts to lowest level in five quarters

Revenue from operations was ₹425.03 crore, down 14.65% from ₹498.01 crore in the same quarter last year. On a sequential basis, revenue fell 32.28% from ₹627.65 crore in the previous quarter.

Over the past five quarters, revenue has ranged between ₹425.03 crore and ₹627.65 crore. The current quarter sits at the bottom of that range, reflecting a year-on-year contraction in the top line.

## Profitability improves despite lower revenue

Profit before tax was a loss of ₹32.47 crore, an improvement of ₹30.85 crore compared with the loss of ₹63.32 crore a year ago. Net loss followed a similar path, narrowing from ₹63.61 crore to ₹32.25 crore. The tax impact remained negligible in both periods, with the difference between pre-tax and net results staying within ₹0.3 crore.

The quarterly sequence shows four loss-making periods and one profitable quarter. The previous quarter (ended March 2026) reported a profit before tax of ₹375.36 crore, an outlier relative to the surrounding quarters. The current loss of ₹32.47 crore is narrower than the losses in the first two quarters of the prior year (₹63.32 crore and ₹54.23 crore) but wider than the third-quarter loss of ₹25.59 crore.

## Finance costs and other expenses

Finance costs fell sharply to ₹29.98 crore, down 41.07% from ₹50.87 crore in the same quarter a year ago. This reduction contributed ₹20.89 crore to the improvement in pre-tax loss. Sequentially, finance costs dropped 62.91% from ₹80.82 crore in the previous quarter, which had been elevated relative to the ₹47–53 crore range seen in the first three quarters of the prior year. The current quarter’s level sits below that entire range.

Other expenses totaled ₹19.98 crore, a modest increase of 16.3% from ₹17.18 crore a year ago. However, this represents a substantial step down from the ₹116.34 crore recorded in the immediately preceding quarter. Other expenses have returned to a level close to the prior-year quarter, following a spike in the previous period.

The improvement in pre-tax loss (₹30.85 crore) was larger than the reduction in finance costs (₹20.89 crore), even as revenue declined and other expenses increased.

## Management Commentary

Management reported a consolidated net loss of Rs. 3,225 lakhs for Q1 FY27, narrower than the Rs. 6,361 lakhs loss in Q1 FY26. They emphasized a strong order book of Rs. 13,88,281 lakhs and a plan to convert Rs. 2,34,615 lakhs of unbilled revenue into billed revenue within 12 months by completing contract milestones. The company continues to operate under a CCEA-approved revival plan with financial assistance of Rs. 415,879 lakhs, of which Rs. 3,08,435 lakhs has been received. Management cited government support, adequate working capital, and land monetization as key to maintaining the going concern assumption.

Despite the revival efforts, the statutory auditor raised multiple qualifications, including issues with revenue recognition under Ind AS 115, inventory valuation, and MSMED compliance. Management acknowledged these risks but believes the order book, unbilled revenue conversion, and government backing mitigate them. Additionally, a Proof of Concept for the Indian Army is underway, expected to complete by December 2026, which could drive future growth.

## Key Takeaway

The quarter delivered a narrower net loss compared with the same period last year, despite revenue falling to its lowest point in five quarters. The improvement was largely driven by a significant decline in finance costs, while other expenses rose only modestly. The result marks a return to the loss-making pattern that has characterised most recent quarters, contrasting with the exceptional profit of the immediately preceding quarter.

### Ratios

## Official filings

- 2026-08-19 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_19082026121154_SE_intimation_RFP_Signed.pdf)
- 2026-08-18 — Shareholding Disclosure: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/team_sandeshc_18082026121133_ITI.pdf)
- 2026-08-17 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_17082026165054_SE_Intimation_Signed_.pdf)
- 2026-08-11 — Generic Announcement: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_11082026191657_NSE_Clarification.pdf)
- 2026-08-11 — Management Change: ITI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_11082026124348_SE_Intimation_Appointment_of_Director.pdf)
- 2026-08-04 — Credit Rating Update: India Ratings and Research (Ind-Ra) assigned a credit rating of IND BB+/Positive/IND A4+ to ITI Limited's bank loan facilities on August 3, 2026. The size of the rated bank loan facilities was reduced from INR 48,516.90 million to INR 42,213.90 million, and the outlook was revised to Positive. — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_04082026154026_SE_CreditRating_Signed_.pdf)
- 2026-08-01 — Management Change: Shri Ajai Kumar Srivastava was appointed as Director Production on the Board of ITI Limited, effective July 31, 2026. His tenure will last until March 31, 2029, or until further orders, whichever comes first. Srivastava holds a B.Tech in Electronics & Communication and has been with ITI Limited since November 1998, with 27 years of experience in manufacturing and production. — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_01082026120640_SE_intimation_DP_Signed_.pdf)
- 2026-08-01 — Official Filing: ITI Limited reported the appointment of Mr. AJAI KUMAR SRIVASTAVA as an Executive Director. The appointment is effective from July 31, 2026, for a term of 36 months. Mr. Srivastava has 27 years of experience with ITI Limited in Manufacturing and Production and has served as a unit head in various plants.
- 2026-07-27 — Management Change: ITI Limited announced the appointment of Lt. Gen. Vivek Dogra as Government Nominee Director on its Board, effective July 27, 2026. This appointment, made by the Government of India's Ministry of Communications on February 23, 2026, is for a term of three years or until superannuation, whichever is earlier. The Director Identification Number was allotted on July 27, 2026, making this the effective start date. — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_27072026165911_SE_GD_Signed.pdf)
- 2026-07-27 — Official Filing: ITI Limited announced the appointment of Lt. Gen. Vivek Dogra as a Non-Executive - Nominee Director, effective July 27, 2026. The appointment is for a term of 36 months. Lt. Gen. Dogra's profile indicates he is the Signal Officer-in-Chief, Ministry of Defence. The company affirmed that he is not debarred from holding such an office.
- 2026-07-16 — Press Release: ITI Limited has received a work order from BSNL for the expansion of the 4G Mobile Network in West India, valued at Rs 856.39 Crores. The order includes planning, engineering, supply, installation, testing, and commissioning of 4G mobile network for 7613 sites on a turnkey basis. This follows ITI Limited's successful execution of a previous Rs 2640 Crores project for BSNL's Phase IX.2 4G mobile network in the same zone. — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_16072026122417_SE_Intimation_Press_Release_Signed_.pdf)
- 2026-07-08 — Generic Announcement: ITI Limited has submitted a Confirmation Certificate for the Quarter Ended June 30, 2026, as per Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018. The certificate, provided by Registrar and Transfer Agent Integrated Registry Management Services Private Limited, confirms that securities received for dematerialization were processed and listed on stock exchanges. The certificates were mutilated and cancelled, with depository names substituted in the register of members within 15 days. — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_08072026162352_SE_Intimation_Signed_.pdf)
- 2026-07-03 — Generic Announcement: ITI Limited executed and registered a Sale Deed on July 2, 2026, for approximately 21 acres of land in K.R. Puram, Bengaluru, to the Central Goods and Services Tax Department (CGST) for a total sale consideration of Rs. 914.31 Crores. The company received Rs. 914.31 Crores from CGST, from which Rs. 902.81 Crores was used to repay fund-based borrowings to a consortium of lending banks. Following this repayment, SBICAP Trustee Company Limited executed a Release Deed on June 19, 2026, releasing the mortgage over the land parcel, enabling the transfer of a clear title. — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_03072026180049_SE_Intimation_Sale_Deed_Revised_Final_Signed.pdf)
- 2026-07-03 — Generic Announcement: ITI Limited executed and registered a Sale Deed on July 2, 2026, for approximately 21 acres of land in K.R. Puram, Bengaluru, to the Central Goods and Services Tax Department (CGST) for a total sale consideration of Rs. 914.31 Crores. The company received Rs. 914.31 Crores from CGST, from which Rs. 902.81 Crores was used to repay fund-based borrowings to a consortium of lending banks. Following this repayment, SBICAP Trustee Company Limited executed a Release Deed on June 19, 2026, releasing the mortgage over the land parcel, enabling the transfer of a clear title. — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_03072026173723_SE_Intimation_Sale_Deed_Revised_Final_Signed.pdf)
- 2026-07-01 — Management Change: Shri Rajesh Rai, Chairman & Managing Director and Director HR (Addl Charge) of ITI Limited, has been entrusted with the additional charge for the post of Director (Production) by the Government of India, Ministry of Communication, effective July 1, 2026. This appointment is for a period of three months, until September 30, 2026, or until a regular incumbent is appointed, whichever is sooner. Shri Rai's Director Identification Number is 10052045, and he is not debarred from holding such office. — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_01072026145842_SE_Addtl_DP_Signed_.pdf)
- 2026-06-30 — Generic Announcement: ITI Limited will close its trading window for designated persons and their immediate relatives from July 1, 2026, until 48 hours after the declaration of un-audited financial results for the quarter ended June 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_30062026115025_SE_TradingWindow_Signed_.pdf)
- 2026-06-30 — Generic Announcement: Smt. S. Jeyanthi ceased to be Director Production of ITI Limited on June 30, 2026, upon reaching the age of superannuation. This change in directorate was communicated by the Government of India, Ministry of Communication, Department of Telecommunications. — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_30062026155000_SE_Resignation_DP_Signed_.pdf)
- 2026-06-16 — Generic Announcement: ITI Limited has published its audited financial results for the quarter and year ended March 31, 2026, in The Hindu Business Line, Dakshin Bharat Rashtramat Hindi Daily, and Sanjevani on May 29, 2026. This publication is in compliance with Regulation 47(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_16062026145934_SE_Intimation_Signed_Neawspaper_Publication.pdf)
- 2026-06-16 — Generic Announcement: ITI Limited has published a corrigendum to its audited financial results for the quarter and year ended March 31, 2026, in The Hindu Business Line, Dakshin Bharat Rashtramat Hindi Daily, and Sanjevani. This filing is a compliance notice under SEBI regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_16062026150237_SE_Intimation_Neawspaper_Publication_Corrigendum_Signed.pdf)
- 2026-06-15 — Generic Announcement: The Ministry of Communications, Government of India, has approved the extension of the additional charge for the Director (HR) position at ITI Limited to Shri Rajesh Rai, Chairman and Managing Director. This extension is for a period of 1 year, effective from May 28, 2026, or until further orders, whichever is earlier. This decision was conveyed via an order dated June 12, 2026, following an earlier communication on May 28, 2026, which granted a three-month extension. — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_15062026174321_SE_Intimation_Additional_Charge_signed_.pdf)
- 2026-06-11 — Generic Announcement: ITI Limited received listing approval from BSE Limited and National Stock Exchange Limited on June 10, 2026, for 19,65,029 equity shares of Rs. 10 each issued at a premium of Rs. 290.25 to promoters on a preferential basis. — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_11062026173220_SE_Letter_LA_Signed_.pdf)
- 2026-06-09 — Shareholding Disclosure: The Hon'ble President of India, represented by the Ministry of Communications and acting as the Promoter of ITI Limited, declared that no encumbrance was made on 86,448,5747 equity shares of ITI Limited during the financial year ending March 31, 2026. This declaration was made under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. — [Official attachment](https://nsearchives.nseindia.com/corporate/team_bbodade_26052026153029_ITI.pdf)
- 2026-06-02 — Generic Announcement: ITI Limited has issued a corrigendum to its audited financial results for the quarter and year ended March 31, 2026, due to clerical and typographical errors. These errors occurred in deriving balancing figures between audited full-year results and unaudited year-to-date figures up to December 31, 2025, impacting certain expenses and the fourth-quarter profit. The company confirms there is no change to the consolidated and standalone profit for the full financial year ended March 31, 2026. The corrigendum includes updated statements for consolidated and standalone financial results, cash flow statements, and notes to the financial results. — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_02062026224303_Corrigendum_SE_Letter_signed_.pdf)
- 2026-05-29 — Generic Announcement: ITI Limited's Board of Directors, on May 28, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The company recognized a profit of ₹83,219.21 lakhs from the sale of land and buildings, but the auditor issued a disclaimer of opinion due to significant uncertainties and inadequate internal controls. The company also identified long-outstanding debtors for write-off amounting to ₹30,167.57 lakhs. — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_29052026081717_Signed_FS_copy.pdf)
- 2026-05-29 — Generic Announcement: ITI Limited's Board of Directors, in a meeting held on May 28, 2026, appointed Shri Ramana Babu C V as the Chief Financial Officer and Key Managerial Personnel, effective the same date. Shri Ramana Babu C V currently serves as Director Marketing and held additional charge of Director Finance since October 15, 2025. — [Official attachment](https://nsearchives.nseindia.com/corporate/ITI_29052026104724_Appointment_of_CFO_Signed_.pdf)

## News and market events

- 2026-09-04 — Economic Times: **BSNL's homegrown 4G network carries 6 PB data per day: C-DoT** — BSNL's indigenous 4G network is handling six petabytes of data daily. The network supports 1.75 lakh 4G base stations across one lakh sites. High-definition voice calls are now enabled through IP Multimedia Subsystem deployment. Indigenous 5G RAN technology is currently undergoing live testing on BSNL's network. BSNL aims to compete with private operators using its domestically developed mobile network. — [Source](https://economictimes.indiatimes.com/industry/telecom/telecom-news/bsnls-homegrown-4g-network-carries-6-pb-data-per-day-c-dot/articleshow/133767038.cms)
- 2026-08-12 — The Hindu: **Airtel ropes in ITI Limited to fast-track digital transformation for enterprises** — The partnership would enable businesses to overcome legacy complexity, strengthen digital resilience, and build for the future to unlock new growth opportunities. — [Source](https://www.thehindu.com/business/airtel-ropes-in-iti-limited-to-fast-track-digital-transformation-for-enterprises/article71328527.ece)
- 2026-08-10 — Times of India: **Airtel Business partners with ITI Limited to accelerate India’s digital transformation** — Tech News News: Airtel Business and ITI Limited have entered into a strategic collaboration to help enterprises in India fast-track their digital transformation and u. — [Source](https://timesofindia.indiatimes.com/technology/tech-news/airtel-business-partners-with-iti-limited-to-accelerate-indias-digital-transformation/articleshow/133089540.cms)
- 2026-07-28 — Economic Times: **Bank of India Small Cap Fund among 21 equity MFs delivering over 20% SIP XIRR in one year** — Around 21 equity mutual funds delivered over 20% XIRR on SIP investments over the past year, an ETMutualFunds analysis found. Small-cap funds dominated the list, with the top seven all belonging to the category and five generating over 30% XIRR. Bank of India Small Cap Fund topped the rankings with a 39.08% XIRR, turning a Rs 10,000 monthly SIP into around Rs 1.43 lakh. — [Source](https://economictimes.indiatimes.com/mf/analysis/bank-of-india-small-cap-fund-among-21-equity-mfs-delivering-over-20-sip-xirr-in-one-year/articleshow/132678389.cms)
- 2026-07-23 — Economic Times: **Consistent performers: 41 equity mutual funds deliver over 15% CAGR in 3 and 5 years** — Around 41 equity mutual funds delivered more than 15% CAGR over both three- and five-year periods. Bandhan Small Cap Fund led three-year returns at 25.95%, while Motilal Oswal Midcap Fund topped the five-year chart at 21.64%. — [Source](https://economictimes.indiatimes.com/mf/analysis/consistent-performers-41-equity-mutual-funds-deliver-over-15-cagr-in-3-and-5-years/articleshow/132577206.cms)
- 2026-07-22 — Mint: **IPO GMPs: Lohia Corp IPO vs Indo-MIM IPO vs Xtranet Technologies IPO — what grey market hints ahead of IPO opening date** — The IPO market is gaining momentum with Lohia Corp, Indo-MIM, and Xtranet Technologies set to launch on July 23. Lohia Corp’s issue is valued at  ₹4,500 crore, Indo-MIM at  ₹24,000 crore, and Xtranet's at  ₹170 crore, all amidst a fluctuating grey market sentiment. — [Source](https://www.livemint.com/market/ipo/ipo-gmps-lohia-corp-ipo-gmp-vs-indo-mim-ipo-gmp-vs-xtranet-technologies-ipo-gmp-upcoming-ipos-11784706542195.html)
- 2026-07-21 — Mint: **Midcap, Smallcap indices outshine Nifty 50 in 2026 so far; experts bet on stronger earnings growth** — The Nifty Midcap 100 and Smallcap 100 have outperformed the Nifty 50 this year, reflecting investors' interest in companies with solid earnings potential. Analysts expect mid-cap and small-cap earnings growth to outpace large-cap growth. — [Source](https://www.livemint.com/market/stock-market-news/midcap-smallcap-indices-outshine-nifty-50-in-2026-so-far-experts-bet-on-stronger-earnings-growth-11784620616279.html)
- 2026-07-16 — CNBC-TV18: **ITI shares gain over 6% as company bags ₹856 crore BSNL 4G contract** — ITI said the order covers the planning, engineering, supply, installation, testing and commissioning of the 4G mobile network on a turnkey basis across 7,613 sites in the West Zone. — [Source](https://www.cnbctv18.com/market/iti-share-price-jumps-6-pc-rs-856-crore-bsnl-4g-expansion-order-19946954.htm)
- 2026-07-16 — The Hindu: **Sensex today | Stock Market Live: Sensex gains 300 pts, Nifty trades above 24,100; geopolitical tensions cap gains** — Sensex, Nifty, Share Prices LIVE:  Indian benchmark indices opened higher on Thursday, supported by positive Wall Street cues, even as a sharp sell-off across Asian markets, elevated crude oil prices and escalating West Asia tensions kept investor sentiment cautious and limited gains. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-16-july-2026/article71225304.ece)
- 2026-07-15 — Mint: **No large-cap fund reached Sharpe ratio of 1; several mid and small caps delivered stronger risk-adjusted returns | Mint** — After analysing the list of large-cap funds, no fund was found to have touched a Sharpe ratio of 1. Among the large-cap funds, WhiteOak Capital Large Cap Fund recorded the highest Sharpe ratio at 0.64. — [Source](https://www.livemint.com/money/personal-finance/no-large-cap-fund-reached-sharpe-ratio-of-1-several-mid-and-small-caps-delivered-stronger-risk-adjusted-returns-11784095985033.html)

## Business profile

**Strategic vision:** Public sector electronics manufacturer of telecom and defense equipment.

### Business segments
- **Telecom Equipment:** The company designs, develops, and manufactures switching, transmission, and access equipment, along with optical fiber devices and smart cards.
- **Defense & Secure Networks:** ITI manufactures secure communication equipment, encryptors, and tactical communication systems for defense deployments.
- **E-Governance & ICT:** This segment designs and rolls out ICT solutions, citizen service networks, and data center infrastructures.

### Competitive strengths
- Public sector procurement contracts
- Manufacturing of specialized defense communication equipment

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/iti
Markdown representation: https://faxioms.com/stocks/iti?render=md