Shares of ITI jumped 10 per cent to Rs 140 on Wednesday. However, the counter was trading at Rs 133.25 at 9.55 am. The BSE Sensex was trading flat at 52,598.18 at the same time. The counter settled at Rs 127.55 on Tuesday.
Revenue from the operation almost doubled to Rs 1,266.32 crore in the quarter ended March 2021 from Rs 650.48 crore during the previous quarter ended March 2020.
ITI has shown underperformance in 2021 so far. The counter is just 5 per cent up in the current year, compared to a 10 per cent jump in BSE Sensex. The counter has gained 29 per cent in the last one year.
However, the net profit tanked 93.5 per cent to Rs 9.48 crore for the full financial year 2021, against Rs 45.71 crore in fiscal 2019-20. The revenue from the operations jumped 14.73 per cent to Rs 2,342.18 crore during the period under review.
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