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Consolidated net sales of ITL Industries for the quarter ended Sep 2022 has increased 45.01% to Rs 40.37 crore. Operating profit margin has declined from 8.30% to 6.64%, leading to 16.02% rise in operating profit to Rs 2.68 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 45.32% to 46.92%. Purchase of finished goods cost rose from 24.31% to 26.39%. Employee cost decreased from 13.51% to 9.84%. Other expenses rose from 8.69% to 9.34%. Other income rose 116.67% to Rs 0.52 crore. PBIDT rose 25.49% to Rs 3.2 crore. Provision for interest fell 43.24% to Rs 0.21 crore. PBDT rose 37.16% to Rs 2.99 crore. Provision for depreciation fell 10% to Rs 0.36 crore. Profit before tax grew 47.75% to Rs 2.63 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 0.63 crore, compared to Rs 0.4 crore. Effective tax rate was 23.95% compared to 22.47%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 44.93% to Rs 2.00 crore. Half yearly performance Net sales (including other operating income) of ITL Industries has increased 45.82% to Rs 69.25 crore. Operating profit margin has declined from 9.14% to 7.75%, leading to 23.73% rise in operating profit to Rs 5.37 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 44.78% to 44.87%. Purchase of finished goods cost rose from 24.52% to 27.16%. Employee cost decreased from 14.02% to 10.95%. Other expenses rose from 7.50% to 8.59%. Other income rose 145.45% to Rs 0.81 crore. PBIDT rose 32.33% to Rs 6.18 crore. Provision for interest fell 8.33% to Rs 0.66 crore. Loan funds rose to Rs 20.95 crore as of 30 September 2022 from Rs 18.41 crore as of 30 September 2021. Inventories rose to Rs 37.26 crore as of 30 September 2022 from Rs 35.28 crore as of 30 September 2021. Sundry debtors were higher at Rs 22.51 crore as of 30 September 2022 compared to Rs 22.46 crore as of 30 September 2021. Cash and bank balance rose to Rs 1.70 crore as of 30 September 2022 from Rs 1.35 crore as of 30 September 2021. Investments rose to Rs 13.86 crore as of 30 September 2022 from Rs 9.97 crore as of 30 September 2021 . PBDT rose 39.75% to Rs 5.52 crore. Provision for depreciation fell 13.10% to Rs 0.73 crore. Fixed assets declined from Rs 17.59 crore as of 30 September 2021 to Rs 15.29 crore as of 30 September 2022. Intangible assets declined from Rs 0.50 crore to Rs 0.30 crore. Profit before tax grew 54.02% to Rs 4.79 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 1.03 crore, compared to Rs 0.6 crore. Effective tax rate was 21.50% compared to 19.29%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 49.80% to Rs 3.76 crore. Equity capital stood at Rs 3.20 crore as of 30 September 2022 to Rs 3.20 crore as of 30 September 2021. Per share face Value remained same at Rs 10.00. Promoters’ stake was 44.98% as of 30 September 2022 ,compared to 44.98% as of 30 September 2021 .
| ITL Industries : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202209 | 202109 | Var.(%) | 202209 | 202109 | Var.(%) | 202203 | 202103 | Var.(%) |
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| Net Sales (including other operating income) | 40.37 | 27.84 | 45.01 | 69.25 | 47.49 | 45.82 | 113.51 | 88.98 | 27.57 | | OPM (%) | 6.64 | 8.30 | -166 bps | 7.75 | 9.14 | -138 bps | 8.14 | 10.11 | -197 bps | | OP | 2.68 | 2.31 | 16.02 | 5.37 | 4.34 | 23.73 | 9.24 | 9.00 | 2.67 | | Other Inc. | 0.52 | 0.24 | 116.67 | 0.81 | 0.33 | 145.45 | 1.77 | 0.61 | 190.16 | | PBIDT | 3.20 | 2.55 | 25.49 | 6.18 | 4.67 | 32.33 | 11.01 | 9.61 | 14.57 | | Interest | 0.21 | 0.37 | -43.24 | 0.66 | 0.72 | -8.33 | 1.47 | 1.63 | -9.82 | | PBDT | 2.99 | 2.18 | 37.16 | 5.52 | 3.95 | 39.75 | 9.54 | 7.98 | 19.55 | | Depreciation | 0.36 | 0.4 | -10.00 | 0.73 | 0.84 | -13.10 | 1.45 | 1.67 | -13.17 | | PBT | 2.63 | 1.78 | 47.75 | 4.79 | 3.11 | 54.02 | 8.09 | 6.31 | 28.21 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 0.01 | - | | PBT before EO | 2.63 | 1.78 | 47.75 | 4.79 | 3.11 | 54.02 | 8.09 | 6.32 | 28.01 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 2.63 | 1.78 | 47.75 | 4.79 | 3.11 | 54.02 | 8.09 | 6.32 | 28.01 | | Taxation | 0.63 | 0.4 | 57.50 | 1.03 | 0.6 | 71.67 | 2.09 | 1.35 | 54.81 | | PAT | 2 | 1.38 | 44.93 | 3.76 | 2.51 | 49.80 | 6 | 4.97 | 20.72 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0.12 | -0.04 | PL | | Net profit | 2 | 1.38 | 44.93 | 3.76 | 2.51 | 49.80 | 5.88 | 5.01 | 17.37 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 2 | 1.38 | 44.93 | 3.76 | 2.51 | 49.80 | 5.88 | 5.01 | 17.37 | | EPS (Rs)* | 6.24 | 4.31 | 44.93 | 11.73 | 7.83 | 49.80 | 18.35 | 15.64 | 17.37 | | | * EPS is on current equity of Rs 3.20 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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