Capitaline

Sales of Machine Manufactruing segment has gone up 15.27% to Rs 29.68 crore (accounting for 72.11% of total sales). Sales of Trading Activities segment has gone up 27.22% to Rs 11.48 crore (accounting for 27.89% of total sales). Inter-segment sales rose Rs 1.96 crore to Rs 2.13 crore.
Profit before interest, tax and other unallocable items (PBIT) has jumped 11.19% to Rs 2.56 crore. PBIT of Machine Manufactruing segment rose 10.54% to Rs 1.54 crore (accounting for 60.04% of total PBIT). PBIT of Trading Activities segment rose 12.20% to Rs 1.02 crore (accounting for 39.96% of total PBIT).
PBIT margin of Machine Manufactruing segment fell from 5.40% to 5.18%. PBIT margin of Trading Activities segment fell from 10.11% to 8.91%. Overall PBIT margin fell from 6.62% to 6.22%.

Nine month performance

Net sales (including other operating income) of ITL Industries has increased 29.03% to Rs 103.13 crore. Operating profit margin has declined from 8.38% to 7.89%, leading to 21.49% rise in operating profit to Rs 8.14 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 48.67% to 47.94%. Purchase of finished goods cost rose from 22.76% to 25.78%. Employee cost decreased from 12.49% to 11.12%. Other expenses fell from 7.70% to 6.95%. Other income rose 42.03% to Rs 0.98 crore. PBIDT rose 23.41% to Rs 9.12 crore. Provision for interest rose 4.55% to Rs 1.15 crore. PBDT rose 26.71% to Rs 7.97 crore. Provision for depreciation fell 11.90% to Rs 1.11 crore. Profit before tax grew 36.38% to Rs 6.86 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 1.58 crore, compared to Rs 1.05 crore. Effective tax rate was 23.03% compared to 20.87%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 32.33% to Rs 5.28 crore.

Sales of Machine Manufactruing segment has gone up 27.71% to Rs 75.75 crore (accounting for 68.11% of total sales). Sales of Trading Activities segment has gone up 39.20% to Rs 35.47 crore (accounting for 31.89% of total sales). Inter-segment sales rose Rs 4.17 crore to Rs 7.10 crore.
Profit before interest, tax and other unallocable items (PBIT) has jumped 30.65% to Rs 8.00 crore. PBIT of Machine Manufactruing segment rose 38.68% to Rs 5.99 crore (accounting for 74.89% of total PBIT). PBIT of Trading Activities segment rose 11.40% to Rs 2.01 crore (accounting for 25.11% of total PBIT).
PBIT margin of Machine Manufactruing segment rose from 7.29% to 7.91%. PBIT margin of Trading Activities segment fell from 7.08% to 5.67%. Overall PBIT margin fell from 7.23% to 7.20%.

Promoters’ stake was 44.98% as of 31 December 2022 ,compared to 44.98% as of 31 December 2021 .

Quarter ended

Year to Date

Year ended

Particulars

202212

202112

Var.(%)

202212

202112

Var.(%)

202203

202103

Var.(%)

Net Sales (including other operating income)

33.88

32.44

4.44

103.13

79.93

29.03

113.51

88.98

27.57

OPM (%)

8.12

7.31

81 bps

7.89

8.38

-49 bps

8.14

10.11

-197 bps

2.75

2.37

16.03

8.14

6.70

21.49

9.24

9.00

2.67

Other Inc.

0.18

0.37

-51.35

0.98

0.69

42.03

1.77

0.61

190.16

PBIDT

2.93

2.74

6.93

9.12

7.39

23.41

11.01

9.61

14.57

Interest

0.49

0.39

25.64

1.15

1.10

4.55

1.47

1.63

-9.82

PBDT

2.44

2.35

3.83

7.97

6.29

26.71

9.54

7.98

19.55

Depreciation

0.37

0.43

-13.95

1.11

1.26

-11.90

1.45

1.67

-13.17

PBT

2.07

1.92

7.81

6.86

5.03

36.38

8.09

6.31

28.21

Share of Profit/(Loss) from Associates

0.01

PBT before EO

2.07

1.92

7.81

6.86

5.03

36.38

8.09

6.32

28.01

EO Income

PBT after EO

2.07

1.92

7.81

6.86

5.03

36.38

8.09

6.32

28.01

Taxation

0.55

0.44

25.00

1.58

1.05

50.48

2.09

1.35

54.81

PAT

1.52

1.48

2.70

5.28

3.98

32.66

4.97

20.72

Minority Interest (MI)

-0.01

0.12

-0.04

Net profit

1.52

1.49

2.01

5.28

3.99

32.33

5.88

5.01

17.37

P/(L) from discontinued operations net of tax

Net profit after discontinued operations

1.52

1.49

2.01

5.28

3.99

32.33

5.88

5.01

17.37

EPS (Rs)*

4.74

4.65

2.01

16.48

12.45

32.33

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

Quarter ended

Year to Date

Year ended

% of (Total)

202212

202112

Var.(%)

% of (Total)

202212

202112

Var.(%)

% of (Total)

202203

202103

Var.(%)

Sales

Machine Manufactruing

72.11

29.68

25.75

15.27

68.11

75.75

59.31

27.71

69.60

83.72

63.61

31.61

Trading Activities

27.89

11.48

9.02

27.22

31.89

35.47

25.48

39.20

30.40

36.58

29.74

23.00

Total Reported Sales

100.00

41.15

34.77

18.37

100.00

111.22

84.79

31.16

100.00

120.30

93.35

28.87

Less: Inter segment revenues

2.13

1.96

8.71

7.10

4.17

70.14

5.01

3.76

33.32

Net Sales

100.00

39.03

32.81

18.95

100.00

104.12

80.62

29.14

100.00

115.29

89.59

28.68

PBIT

Machine Manufactruing

60.04

1.54

1.39

10.54

74.89

5.99

4.32

38.68

77.16

7.38

6.51

13.34

Trading Activities

39.96

1.02

0.91

12.20

25.11

2.01

1.80

11.40

22.84

2.18

1.43

52.99

Total PBIT

100.00

2.56

2.30

11.19

100.00

8.00

6.13

30.65

100.00

9.57

7.94

20.48

Less : Interest

0.49

0.39

27.01

1.15

1.10

4.48

1.47

1.63

-9.57

Add: Other un-allcoable

0.00

PBIT Margin(%)

Machine Manufactruing

5.18

5.40

-22.17

7.91

7.29

62.62

8.82

10.24

-142.05

Trading Activities

8.91

10.11

-119.38

5.67

7.08

-141.45

5.97

4.80

117.08

PBT

100.00

2.07

1.91

7.98

100.00

6.85

5.02

36.40

100.00

8.09

6.31

28.23