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ITI reports 84% fall in Q2 net profit

ITI reports 84% fall in Q2 net profit

ITI has reported results for second quarter ended September 30, 2018.

The company has reported 83.60% fall in its net profit at Rs 7.56 crore for the quarter under review as compared to Rs 46.11 crore for the same quarter in the previous year. However, total income of the company increased by 33.02% at Rs 408.24 crore for Q2FY19 as compared Rs 306.91 crore for the corresponding quarter previous year.

ITI offers products and services in the telecom sector. The company has a range of telecom products and total solutions covering the whole spectrum of switching, transmission, access and subscriber premises equipment.