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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. Provision for tax was expense of Rs 0.61 crore, compared to Rs 0.55 crore. Effective tax rate was 22.02% compared to 26.57%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 38.16% to Rs 2.10 crore. For year-to-date (YTD) results analysis.
Net sales (including other operating income) of ITL Industries has increased 6.26% to Rs 109.59 crore.
Operating profit margin has declined from 7.89% to 7.66%, leading to 3.07% rise in operating profit to Rs 8.39 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 47.94% to 45.31%. Purchase of finished goods cost rose from 25.78% to 27.81%. Employee cost decreased from 11.12% to 10.73%. Other expenses rose from 6.95% to 8.28%. Other income rose 80.61% to Rs 1.77 crore. PBIDT rose 11.40% to Rs 10.16 crore. Provision for interest rose 16.52% to Rs 1.34 crore. PBDT rose 10.66% to Rs 8.82 crore. Provision for depreciation fell 13.51% to Rs 0.96 crore. Profit before tax grew 14.58% to Rs 7.86 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 1.86 crore, compared to Rs 1.58 crore. Effective tax rate was 23.66% compared to 23.03%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 11.93% to Rs 5.91 crore. Promoters’ stake was 44.98% as of 31 December 2023 ,compared to 44.98% as of 31 December 2022 .
| ITL Industries : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202312 | 202212 | Var.(%) | 202312 | 202212 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 36.75 | 33.88 | 8.47 | 109.59 | 103.13 | 6.26 | 144.02 | 113.51 | 26.88 | | OPM (%) | 7.18 | 8.12 | -93 bps | 7.66 | 7.89 | -24 bps | 7.66 | 8.14 | -48 bps | | OP | 2.64 | 2.75 | -4.00 | 8.39 | 8.14 | 3.07 | 11.03 | 9.24 | 19.37 | | Other Inc. | 0.98 | 0.18 | 444.44 | 1.77 | 0.98 | 80.61 | 2.49 | 1.77 | 40.68 | | PBIDT | 3.62 | 2.93 | 23.55 | 10.16 | 9.12 | 11.40 | 13.52 | 11.01 | 22.80 | | Interest | 0.53 | 0.49 | 8.16 | 1.34 | 1.15 | 16.52 | 1.65 | 1.47 | 12.24 | | PBDT | 3.09 | 2.44 | 26.64 | 8.82 | 7.97 | 10.66 | 11.87 | 9.54 | 24.42 | | Depreciation | 0.32 | 0.37 | -13.51 | 0.96 | 1.11 | -13.51 | 1.28 | 1.45 | -11.72 | | PBT | 2.77 | 2.07 | 33.82 | 7.86 | 6.86 | 14.58 | 10.59 | 8.09 | 30.90 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 2.77 | 2.07 | 33.82 | 7.86 | 6.86 | 14.58 | 10.59 | 8.09 | 30.90 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 2.77 | 2.07 | 33.82 | 7.86 | 6.86 | 14.58 | 10.59 | 8.09 | 30.90 | | Taxation | 0.61 | 0.55 | 10.91 | 1.86 | 1.58 | 17.72 | 2.82 | 2.09 | 34.93 | | PAT | 2.16 | 1.52 | 42.11 | 6 | 5.28 | 13.64 | 7.77 | 6 | 29.50 | | Minority Interest (MI) | 0.06 | 0 | - | 0.09 | 0 | - | 0.06 | 0.12 | -50.00 | | Net profit | 2.1 | 1.52 | 38.16 | 5.91 | 5.28 | 11.93 | 7.71 | 5.88 | 31.12 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 2.1 | 1.52 | 38.16 | 5.91 | 5.28 | 11.93 | 7.71 | 5.88 | 31.12 | | EPS (Rs)* | 6.55 | 4.74 | 38.16 | 18.44 | 16.48 | 11.93 | 24.06 | 18.35 | 31.12 | | | * 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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