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Consolidated net sales (including other operating income) of ITL Industries for the quarter ended Mar 2024 has increased 17.85% to Rs 48.19 crore. Operating profit margin has declined from 7.17% to 5.91%, leading to 2.73% decline in operating profit to Rs 2.85 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 46.68% to 57.13%. Purchase of finished goods cost fell from 23.14% to 16.85%. Employee cost decreased from 9.75% to 9.03%. Other expenses fell from 14.35% to 11.58%. Other income rose 65.33% to Rs 2.48 crore. PBIDT rose 20.32% to Rs 5.33 crore. Provision for interest fell 14% to Rs 0.43 crore. Loan funds rose to Rs 15.70 crore as of 31 March 2024 from Rs 15.69 crore as of 31 March 2023. Inventories rose to Rs 43.33 crore as of 31 March 2024 from Rs 38.58 crore as of 31 March 2023. Sundry debtors were higher at Rs 24.63 crore as of 31 March 2024 compared to Rs 22.24 crore as of 31 March 2023. Cash and bank balance rose to Rs 2.15 crore as of 31 March 2024 from Rs 1.70 crore as of 31 March 2023. Investments rose to Rs 17.08 crore as of 31 March 2024 from Rs 14.38 crore as of 31 March 2023 . PBDT rose 24.68% to Rs 4.9 crore. Provision for depreciation rose 170.59% to Rs 0.46 crore. Fixed assets increased to Rs 16.28 crore as of 31 March 2024 from Rs 14.49 crore as of 31 March 2023. Intangible assets declined from Rs 0.37 crore to Rs 0.30 crore. Profit before tax grew 18.09% to Rs 4.44 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 1.07 crore, compared to Rs 1.25 crore. Effective tax rate was 24.10% compared to 33.24%. Minority interest increased 57.14% to Rs 0.11 crore. Net profit attributable to owners of the company increased 33.61% to Rs 3.26 crore. Full year results analysis.
Net sales (including other operating income) of ITL Industries has increased 9.56% to Rs 157.79 crore. Operating profit margin has declined from 7.66% to 7.10%, leading to 1.63% rise in operating profit to Rs 11.21 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 47.53% to 49.22%. Purchase of finished goods cost fell from 24.92% to 24.18%. Employee cost decreased from 10.67% to 10.16%. Other expenses fell from 9.38% to 9.36%. Other income rose 70.68% to Rs 4.25 crore. PBIDT rose 14.35% to Rs 15.46 crore. Provision for interest rose 6.67% to Rs 1.76 crore. Loan funds rose to Rs 15.70 crore as of 31 March 2024 from Rs 15.69 crore as of 31 March 2023. Inventories rose to Rs 43.33 crore as of 31 March 2024 from Rs 38.58 crore as of 31 March 2023. Sundry debtors were higher at Rs 24.63 crore as of 31 March 2024 compared to Rs 22.24 crore as of 31 March 2023. Cash and bank balance rose to Rs 2.15 crore as of 31 March 2024 from Rs 1.70 crore as of 31 March 2023. Investments rose to Rs 17.08 crore as of 31 March 2024 from Rs 14.38 crore as of 31 March 2023 . PBDT rose 15.42% to Rs 13.7 crore. Provision for depreciation rose 10.94% to Rs 1.42 crore. Fixed assets increased to Rs 16.28 crore as of 31 March 2024 from Rs 14.49 crore as of 31 March 2023. Intangible assets declined from Rs 0.37 crore to Rs 0.30 crore. Profit before tax grew 15.96% to Rs 12.28 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 2.93 crore, compared to Rs 2.82 crore. Effective tax rate was 23.86% compared to 26.63%. Minority interest increased 216.67% to Rs 0.19 crore. Net profit attributable to owners of the company increased 18.81% to Rs 9.16 crore. Equity capital stood at Rs 3.20 crore as of 31 March 2024 to Rs 3.20 crore as of 31 March 2023. Per share face Value remained same at Rs 10.00. Promoters’ stake was 44.98% as of 31 March 2024 ,compared to 44.98% as of 31 March 2023 .
| ITL Industries : Consolidated Results | | | Quarter ended | Year ended |
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| Particulars | 202403 | 202303 | Var.(%) | 202403 | 202303 | Var.(%) |
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| Net Sales (including other operating income) | 48.19 | 40.89 | 17.85 | 157.79 | 144.02 | 9.56 | | OPM (%) | 5.91 | 7.17 | -125 bps | 7.10 | 7.66 | -55 bps | | OP | 2.85 | 2.93 | -2.73 | 11.21 | 11.03 | 1.63 | | Other Inc. | 2.48 | 1.50 | 65.33 | 4.25 | 2.49 | 70.68 | | PBIDT | 5.33 | 4.43 | 20.32 | 15.46 | 13.52 | 14.35 | | Interest | 0.43 | 0.50 | -14.00 | 1.76 | 1.65 | 6.67 | | PBDT | 4.90 | 3.93 | 24.68 | 13.70 | 11.87 | 15.42 | | Depreciation | 0.46 | 0.17 | 170.59 | 1.42 | 1.28 | 10.94 | | PBT | 4.44 | 3.76 | 18.09 | 12.28 | 10.59 | 15.96 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 4.44 | 3.76 | 18.09 | 12.28 | 10.59 | 15.96 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 4.44 | 3.76 | 18.09 | 12.28 | 10.59 | 15.96 | | Taxation | 1.07 | 1.25 | -14.40 | 2.93 | 2.82 | 3.90 | | PAT | 3.37 | 2.51 | 34.26 | 9.35 | 7.77 | 20.33 | | Minority Interest (MI) | 0.11 | 0.07 | 57.14 | 0.19 | 0.06 | 216.67 | | Net profit | 3.26 | 2.44 | 33.61 | 9.16 | 7.71 | 18.81 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 3.26 | 2.44 | 33.61 | 9.16 | 7.71 | 18.81 | | EPS (Rs)* | 10.17 | 7.61 | 33.61 | 28.59 | 24.06 | 18.81 | | | * 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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