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15-Feb-2024

ITL Industries

Sales up 8%, net up 38%


'Consolidated Net sales (including other operating income) of ITL Industries for the quarter ended Dec 2023 has increased 8.47% to Rs 36.75 crore.  Operating profit margin has declined from 8.12% to 7.18%, leading to 4% decline in operating profit to Rs 2.64 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 53.45% to 49.40%.   Purchase of finished goods cost fell from 23.31% to 22.70%.   Employee cost increased from 11.41% to 11.85%.   Other expenses rose from 4.07% to 8.47%.   

Other income rose 444.44% to Rs 0.98 crore.  PBIDT rose 23.55% to Rs 3.62 crore.  Provision for interest rose 8.16% to Rs 0.53 crore.  

PBDT rose 26.64% to Rs 3.09 crore.  Provision for depreciation fell 13.51% to Rs 0.32 crore.  

Profit before tax grew 33.82% to Rs 2.77 crore.  Share of profit/loss were nil in both the periods.  ...



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