ITL Industries Reports Flat Performance in Q2, PAT Shows 21.76% Growth
ITL Industries, a microcap engineering company, has reported a flat performance in the second quarter of fiscal year 2024-2025. However, its Profit After Tax has shown a growth of 21.76% year on year. The company's Debtors Turnover Ratio has decreased, but MarketsMojo has given a 'Hold' call for its stock.
ITL Industries, a microcap engineering company, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.
According to the financial report, ITL Industries has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 7 to 1 in the last three months. However, there are some positive aspects to the financials.
One of the highlights is the company's Profit After Tax (PAT) for the nine-month period, which has shown a growth of 21.76% year on year, reaching Rs 7.61 crore. The near-term trend for PAT is also positive.
On the other hand, the Debtors Turnover Ratio for the half-yearly period is at its lowest in the last five periods, standing at 5.57 times. This indicates that the company's pace of settling its debtors has slowed down.
Despite the mixed financial performance, MarketsMOJO has given a 'Hold' call for ITL Industries' stock. The company's size as a microcap player in the engineering industry may have contributed to this decision. Investors are advised to keep a close eye on the company's future financial reports for a better understanding of its performance.
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