ITI Dec quarter profit zooms to Rs 168 crore

State-owned ITI on Monday said its consolidated net profit grew manifold to Rs 168.25 crore for the December 2019 quarter.

The company had posted a net profit of Rs 13.58 crore in the year-ago period, ITI said in a BSE filing.

Its revenue from operations rose 47 per cent to Rs 827.95 crore in the quarter under review from Rs 563.23 crore in October-December 2018, it added.
The company said its net worth has become positive after a period of 16 years.