How has been the historical performance of IITL Projects?
IITL Projects has shown a significant turnaround in financial performance, with net sales rising from 1.43 crore in March 2023 to 2.50 crore in March 2024, and a recovery from losses to a profit before tax of 20.46 crore. Despite negative cash flow from operations, the company demonstrated strong growth in profitability and total assets.
Answer:The historical performance of IITL Projects shows significant fluctuations in financial metrics over the years, culminating in a notable improvement in the latest fiscal year ending March 2024.Breakdown:
IITL Projects experienced a rise in net sales from 1.43 crore in March 2023 to 2.50 crore in March 2024, indicating a positive growth trend. Total operating income also increased to 2.50 crore in March 2024, up from 1.43 crore the previous year. The company reported an operating profit (PBDIT) of 5.97 crore in March 2024, a substantial recovery from a loss of 3.49 crore in March 2023. Profit before tax surged to 20.46 crore in March 2024, compared to a loss of 8.79 crore in the prior year, and profit after tax mirrored this trend, reaching 20.46 crore from a loss of 8.79 crore. The earnings per share (EPS) improved dramatically to 45.17 in March 2024, recovering from a negative EPS of -5.99 in March 2023. On the balance sheet, total assets increased to 33.13 crore in March 2024 from 27.36 crore in March 2023, while total liabilities rose to 33.13 crore from 27.36 crore, reflecting a stable financial position despite the increase in liabilities. The company’s cash flow from operating activities showed a negative trend at -27.00 crore in March 2024, but cash flow from investing activities was positive at 27.00 crore, indicating active investment despite operational cash challenges. Overall, IITL Projects has shown a remarkable turnaround in profitability and sales performance in the latest fiscal year.
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