Segment sales of manufacturing activity was lower by 5% to Rs 28.75 crore and that of trading activity was down by 2% to Rs 13..39 crore. The EBIT was up by 15% to Rs 3.28 crore driven by 17% growth in segment profit of manufacturing activity to Rs 2.79 crore and 7% growth in segment profit of trading activity to Rs 0.49 crore. Growth in segment profit of both segments despite lower sales was largely due to expansion in segment margin.
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of ITL Industries for the half year ended Sep 2023 has increased 5.18% to Rs 72.84 crore. Operating profit margin has jumped from 7.75% to 7.87%, leading to 6.70% rise in operating profit to Rs 5.73 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 44.87% to 43.32%. Purchase of finished goods cost rose from 27.16% to 30.30%. Employee cost decreased from 10.95% to 10.17%. Other expenses fell from 8.59% to 8.17%. Other income fell 2.47% to Rs 0.79 crore. PBIDT rose 5.50% to Rs 6.52 crore. Provision for interest rose 21.21% to Rs 0.8 crore. PBDT rose 3.62% to Rs 5.72 crore. Provision for depreciation fell 12.33% to Rs 0.64 crore. Profit before tax grew 6.05% to Rs 5.08 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 1.25 crore, compared to Rs 1.03 crore. Effective tax rate was 24.61% compared to 21.50%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 1.33% to Rs 3.81 crore.
Equity capital stood at Rs 3.20 crore as of 30 September 2023 to Rs 3.20 crore as of 30 September 2022. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 44.98% as of 30 September 2023 ,compared to 44.98% as of 30 September 2022 .
Loan funds rose to Rs 23.06 crore as of 30 September 2023 from Rs 20.95 crore as of 30 September 2022. Inventories rose to Rs 45.22 crore as of 30 September 2023 from Rs 37.26 crore as of 30 September 2022. Sundry debtors were higher at Rs 24.85 crore as of 30 September 2023 compared to Rs 22.51 crore as of 30 September 2022. Cash and bank balance rose to Rs 3.74 crore as of 30 September 2023 from Rs 1.70 crore as of 30 September 2022. Investments rose to Rs 16.58 crore as of 30 September 2023 from Rs 13.86 crore as of 30 September 2022 . Fixed assets declined from Rs 15.29 crore as of 30 September 2022 to Rs 14.30 crore as of 30 September 2023. Intangible assets declined from Rs 0.30 crore to Rs 0.29 crore.
ITL Industries: Consolidated Results |
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2309 (3) |
2209 (3) |
Var.(%) |
2309 (6) |
2209 (6) |
Var.(%) |
2303 (12) |
2203 (12) |
Var. (%) |
Sales |
38.43 |
40.37 |
-5 |
72.84 |
69.25 |
5 |
144.02 |
113.51 |
27 |
OPM (%) |
8.4 |
6.6 |
|
7.9 |
7.8 |
|
7.7 |
8.1 |
|
OP |
3.21 |
2.68 |
20 |
5.75 |
5.37 |
7 |
11.04 |
9.25 |
19 |
Other inc. |
0.38 |
0.52 |
-27 |
0.79 |
0.81 |
-2 |
2.49 |
1.77 |
40 |
PBIDT |
3.59 |
3.20 |
12 |
6.53 |
6.18 |
6 |
13.53 |
11.02 |
23 |
Interest |
0.41 |
0.21 |
94 |
0.80 |
0.66 |
22 |
1.65 |
1.47 |
12 |
PBDT |
3.18 |
2.99 |
7 |
5.73 |
5.52 |
4 |
11.88 |
9.55 |
24 |
Dep. |
0.32 |
0.36 |
-12 |
0.64 |
0.73 |
-12 |
1.28 |
1.45 |
-12 |
PBT |
2.87 |
2.63 |
9 |
5.09 |
4.78 |
6 |
10.60 |
8.09 |
31 |
EO |
0.00 |
0.00 |
|
0.00 |
0.00 |
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0.00 |
0.00 |
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PBT after EO |
2.87 |
2.63 |
9 |
5.09 |
4.78 |
6 |
10.60 |
8.09 |
31 |
Taxation |
0.85 |
0.63 |
36 |
1.25 |
1.04 |
21 |
2.82 |
2.09 |
35 |
PAT |
2.01 |
2.00 |
1 |
3.83 |
3.75 |
2 |
7.78 |
6.00 |
30 |
PPT |
0.00 |
0.00 |
|
0.00 |
0.00 |
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0.00 |
0.00 |
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PAT after PPT |
2.01 |
2.00 |
1 |
3.83 |
3.75 |
2 |
7.78 |
6.00 |
30 |
Share of
profit from Associates |
0.00 |
0.00 |
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0.00 |
0.00 |
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0.00 |
0.00 |
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MI |
0.01 |
0.00 |
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0.02 |
0.00 |
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0.06 |
0.12 |
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Net Profit |
2.00 |
2.00 |
0 |
3.81 |
3.75 |
2 |
7.71 |
5.88 |
31 |
EPS (Rs)* |
# |
# |
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# |
# |
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24.1 |
18.4 |
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*
EPS is on current equity of Rs 3.2043 crore, Face value of Rs 10 |
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# EPS is not
annualised due to seasonality of business |
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Variance
>=1000% is truncated to 999 |
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Figures in Rs crore |
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Source:
Capitaline Corporate Database |
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ITL Industries: Consolidated Segment Results |
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Segment |
% to total |
2309 (3) |
2209 (3) |
Var.(%) |
% to total |
2309 (6) |
2209 (6) |
Var.(%) |
% to total |
2303 (12) |
2203 (12) |
Var.(%) |
Sales |
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Manufacturing
Activity |
68 |
28.75 |
30.23 |
-5 |
67 |
53.63 |
51.04 |
5 |
68 |
103.94 |
83.71 |
24 |
Trading
Activity |
32 |
13.39 |
13.61 |
-2 |
33 |
26.13 |
23.99 |
9 |
32 |
49.38 |
36.58 |
35 |
Total Sales |
100 |
42.14 |
43.84 |
-4 |
100 |
79.75 |
75.03 |
6 |
100 |
153.32 |
120.29 |
27 |
Inter Segment
Revenue |
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3.32 |
2.95 |
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6.12 |
4.97 |
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6.81 |
5.01 |
36 |
Net sales |
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38.82 |
40.89 |
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73.63 |
70.06 |
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146.51 |
115.28 |
27 |
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PBIT |
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Manufacturing
Activity |
85 |
2.79 |
2.38 |
17 |
79 |
4.64 |
4.46 |
4 |
77 |
9.43 |
7.38 |
28 |
Trading
Activity |
15 |
0.49 |
0.46 |
7 |
21 |
1.25 |
0.99 |
26 |
23 |
2.82 |
2.18 |
29 |
Total PBIT |
100 |
3.28 |
2.84 |
15 |
100 |
5.89 |
5.44 |
8 |
100 |
12.25 |
9.57 |
28 |
LESS: Interest
expenes |
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0.41 |
0.21 |
94 |
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0.80 |
0.66 |
22 |
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1.65 |
1.47 |
12 |
Add:
Unallocable Income |
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#### |
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### |
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#### |
Less: Other
unallocable expenses |
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#### |
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### |
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#### |
PBT |
|
2.87 |
2.63 |
9 |
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5.09 |
4.78 |
6 |
|
10.60 |
8.09 |
31 |
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Note: Figures in Rs crore |
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