03 Dec 2020 | 4:28 PM

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COMPANYNEWS
ITL Industries Q1 net profit down 9.92% at Rs 1.09 cr
  ITL Industries Ltd. | 17 Jan 2020 | 10:47 AM
Published on 08-14-2019
The company reported standalone net profit of Rs 1.09 crore for the quarter ended June 30 2019 as compared to Rs 1.21 crore in the same period last year registering a year-on-year decline of 9.92 per cent.


Net revenue of the company rose marginally by 3.52 per cent at Rs 19.71 crore in April-June quarter of this fiscal as against Rs 19.04 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 4.51 per cent to Rs 17.83 crore from Rs 17.06 crore in year ago period.


Other Income grew by 80.00 per cent at Rs 0.09 crore versus (Jun`18 Rs 0.05 crore).


Operating Profit slipped by 5.53 per cent to Rs 1.88 crore as against Rs 1.99 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 8.72 per cent in June quarter.


Interest grew by 25.00 per cent y-o-y to Rs 0.35 crore while Taxation decreased by 16.00 per cent at Rs 0.21 crore (Jun`18 Rs 0.25 crore).