ITI Limited

ITI Limited is a public sector undertaking in the telecommunications technology segment established as a departmental factory in 1948. The company has a diverse suite of products including manufactured products like Gigabit Passive Optical Network (GPON), Managed Leased Line Network (MLLN) products, Stand Alone Signalling Transfer Point(SSTP), Wi-Fi Access Point, Radio Modem, SMPS, Set Top Box, Defence products like multi-capacity encryption units, Bulk encryption Units (BEU), Terminal End Secrecy Devices (TESD), Passive infrastructure products such as Optical Fibre Cable, HDPE duct, Antenna, diversified products such as smart energy meters, smart cards, solar panels, mini personal computers.The company has manufacturing facilities in Bengaluru, Naini, Rae Bareli, Mankapur and Palakkad along with an R&D centre in Bengaluru and 25 Marketing, Services & Projects (MSP) centres in India, which are located at Bengaluru, Bhubaneshwar, Chennai, Hyderabad, Kolkata, Lucknow, Mumbai, New Delhi and 17 other places spread across the country.As a responsible corporate citizen, Company has contributed Rs.1.09 Crore to PM Cares Fund. Employees of the Company have contributed their one-day salary aggregating to Rs. 45 lakhs to this fund. To extend helping hand to the surrounding population due to lockdown and as a social measure, company has provided essential kits consisting of groceries to nearby areas of its function. During the year, the company has spent Rs. 96.10 Lakhs on various CSR activities.Their shareholding pattern include Promoters having 90.09% shares, FIIs having 0.02% shares, Public having 2.15% shares and Government having 7.74% shares.For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of Rs 1331.06 Crore, up 162.51% from last quarter Total Income of Rs 507.04 Crore and up 100.79% from last year same quarter Total Income of Rs 662.91 Crore. Company has reported net profit after tax of Rs 199.65 Crore in latest quarter. The result of ITI Ltd is competent.