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14-Aug-2024

ITL Industries

Sales up 19%, net up 28%


'Consolidated net sales (including other operating income) of ITL Industries quarter ended Jun 2024 has increased 19.06% to Rs 40.97 crore.  Operating profit margin has jumped from 7.35% to 7.93%, leading to 28.46% rise in operating profit to Rs 3.25 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 41.02% to 42.29%.   Purchase of finished goods cost fell from 30.26% to 28.45%.   Employee cost decreased from 11.66% to 11.64%.   

Other income rose 41.46% to Rs 0.58 crore.  PBIDT rose 30.27% to Rs 3.83 crore.  Provision for interest rose 20.51% to Rs 0.47 crore. PBDT rose 31.76% to Rs 3.36 crore.  Provision for depreciation rose 9.09% to Rs 0.36 crore.  Profit before tax grew 35.14% to Rs 3.00 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 0.65 crore, compared to Rs 0.4 crore.  Effecti...



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