How has been the historical performance of ITI?

Answer:The historical performance of ITI shows significant fluctuations in key financial metrics over the years, with a notable decline in profitability in recent periods.

Breakdown:
ITI's net sales increased dramatically from Mar'24 to Mar'25, rising from 1,263.63 Cr to 3,616.42 Cr, although this follows a decrease from 1,395.45 Cr in Mar'23 and 1,860.73 Cr in Mar'22. The total operating income mirrored this trend, reaching 3,616.42 Cr in Mar'25, up from 1,263.63 Cr in Mar'24. However, total expenditure also surged to 3,676.31 Cr in Mar'25, leading to an operating profit of -59.89 Cr, an improvement from -319.58 Cr in Mar'24 but still negative. The profit before tax showed a similar pattern, with losses narrowing to -233.15 Cr in Mar'25 from -569.06 Cr in Mar'24. Consequently, the profit after tax also reflected losses of -233.15 Cr in Mar'25, compared to -569.06 Cr in Mar'24. The company's earnings per share (EPS) were -2.24 in Mar'25, an improvement from -5.92 in Mar'24. On the balance sheet, total liabilities increased to 9,598.05 Cr in Mar'24 from 9,491.36 Cr in Mar'23, while total assets rose to 9,598.05 Cr in Mar'24, indicating a stable asset base despite ongoing losses. Cash flow from operating activities improved to 973.00 Cr in Mar'24, contrasting with a negative cash flow in the previous year, while the closing cash and cash equivalents increased to 105.00 Cr in Mar'24 from 9.00 Cr in Mar'23. Overall, ITI's financial performance indicates a challenging environment with significant operational losses, yet some signs of recovery in sales and cash flow.