Synopsis:
ITI Limited and the Kerala Government launch an online cab booking platform, Kerala Savaari 2.0, a subscription-based transport app connecting multiple travel modes, ensuring better driver income and smoother travel across Thiruvananthapuram and Kochi.
This PSU Stock, engaged in manufacturing telecom and IT products, providing turnkey communication network solutions, and offering services like smart meters, encryption devices, and digital infrastructure across India, jumped 3.98 percent after partnering with the Kerala Government to launch an online cab booking platform.
With a market capitalization of Rs. 31,103.91 crores, the share of ITI Limited has reached an intraday high of Rs. 328.90 per equity share, rising nearly 3.98 percent from its previous day’s close price of Rs. 316.30. Since then, the stock has retreated and is currently trading at Rs. 323.70 per equity share.
What is the News?
ITI Limited has collaborated with the Kerala Government to launch Kerala Savaari 2.0, an upgraded version of the state’s own online auto and cab booking platform. The project was inaugurated by Labour Minister Sivankutty in Thiruvananthapuram on November 4, 2025, in the presence of officials, technical partners, and media representatives.
Kerala Savaari is already active in Thiruvananthapuram and Kochi, and by December 2025, it will evolve into a multi-modal transport app linking metro, water metro, feeder buses, autos, and cabs. This system aims to make travel smoother and serve as a model for other states in India.
The project is managed by the Kerala Motor Workers Welfare Fund Board with support from various departments. Unlike other apps, it uses a subscription model to ensure better income for drivers. So far, 23,000 drivers have joined, completing 3.6 lakh trips and earning Rs. 9.36 crore in revenue by drivers with an average of 1,200 daily trips.
Company Overview
ITI Limited was established in 1948 and is headquartered in Bengaluru is a pioneering telecom and electronics manufacturer in India, originally set up to supply telephone equipment and boost the country’s communications infrastructure. The company has major manufacturing facilities in Bengaluru, Naini, Rae Bareli, Mankapur, Srinagar, and Palakkad, along with R&D and support centers across key Indian cities.
The company is engaged in the design, development, and manufacturing of a broad suite of telecommunications products, such as digital exchanges, mobile radio, passive optical networks, encryption devices for defence, smart meters, IoT solutions, and electronics for the banking, defence, and power sectors. ITI Limited also undertakes large turnkey projects, including setting up telecom networks, smart city infrastructure, and defence communications systems.
The company’s products and services portfolio spans telecom equipment (exchanges, routers, switches), smart energy meters, set-top boxes, Wi-Fi equipment, solar modules, encryption devices, smart cards, data center/cloud hosting, EMI/EMC testing, contract manufacturing, mechanical fabrication, and 3D printing.
Recent quarter results
Coming into financial highlights, ITI Limited’s revenue has decreased from Rs. 520 crore in Q1 FY25 to Rs. 498 crore in Q1 FY26, which is a drop of 4.23 percent. The net loss has reduced from Rs. 91 crore in Q1 FY25 to Rs. 63 crore in Q1 FY26.
ITI Limited’s revenue has grown at a CAGR of 24.78 percent over the last three years. In terms of return ratios, the company’s ROCE and ROE stand at -0.77 percent and -14.7 percent, respectively. ITI Limited has an earnings per share (EPS) of Rs. -1.95, and its debt-to-equity ratio is 0.91x.
Written By – Nikhil Naik
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