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Indo Tech.Trans. Q1 Results, Profit After Tax Up by 67% to ₹591 Lakhs
Indo-Tech Transformers Limited's Q1 results for the fiscal year ending June 30, 2024, report a total income of ₹8,384 lakhs and a profit after tax of ₹591 lakhs.
by P Nandhini
Updated Aug 07, 2024
Table of Content
Indo-Tech Transformers Limited has recently released its unaudited financial results for the first quarter of the fiscal year ending June 30, 2024. The company reported a total income of ₹8,384 lakhs for the quarter, which includes revenue from operations and other income.
This is a slight decrease compared to the ₹9,403 lakhs reported in the same quarter of the previous year. Despite the drop in total income, Indo-Tech Transformers achieved a profit before tax of ₹833 lakhs, which represents a notable improvement from the ₹505 lakhs earned in the same quarter last year.
The company's expenses for the quarter were ₹7,551 lakhs, up from ₹8,898 lakhs in the previous year. This reduction in expenses helped the company achieve a profit after tax of ₹591 lakhs, compared to ₹354 lakhs in the same quarter of the previous year.
The results reflect Indo-Tech Transformers' ongoing efforts to manage costs and maintain profitability despite challenges in the market. The company's earnings per share (EPS) for the quarter stood at ₹5.56, showing a strong performance relative to the previous year's figures.
Indo Tech.Trans. Q1 Results
Here is a detailed summary of Indo-Tech Transformers Limited's unaudited financial results for the first quarter ended June 30, 2024:
The table below provides a comprehensive overview of the company’s financial performance for the quarter compared to the previous quarter and the same quarter of the previous year.
| Particulars | Quarter ended June 30, 2024 | Quarter ended March 31, 2024 | Quarter ended June 30, 2023 | Year ended March 31, 2024 |
|---|---|---|---|---|
| Revenue from operations | ₹8,215 lakhs | ₹17,471 lakhs | ₹9,322 lakhs | ₹50,321 lakhs |
| Other income | ₹169 lakhs | ₹289 lakhs | ₹81 lakhs | ₹671 lakhs |
| Total income (A+B) | ₹8,384 lakhs | ₹17,760 lakhs | ₹9,403 lakhs | ₹50,992 lakhs |
| Expenses | ||||
| - Cost of materials consumed | ₹39,272 lakhs | ₹9,966 lakhs | ₹47 lakhs | ₹8,235 lakhs |
| - Changes in inventories | (₹3,906 lakhs) | ₹1,599 lakhs | (₹1,627 lakhs) | ₹767 lakhs |
| - Employee benefits expense | ₹3,187 lakhs | ₹8,235 lakhs | ₹989 lakhs | ₹772 lakhs |
| - Finance costs | ₹6,121 lakhs | ₹8,235 lakhs | ₹1,627 lakhs | ₹1,336 lakhs |
| - Depreciation and amortization expense | ₹108 lakhs | ₹128 lakhs | ₹113 lakhs | ₹491 lakhs |
| - Other expenses | ₹1,099 lakhs | ₹2,253 lakhs | ₹1,336 lakhs | ₹5,849 lakhs |
| Total expenses | ₹7,551 lakhs | ₹15,053 lakhs | ₹8,898 lakhs | ₹45,264 lakhs |
| Profit before tax (C-D) | ₹833 lakhs | ₹2,707 lakhs | ₹505 lakhs | ₹5,728 lakhs |
| Tax expense | ||||
| - Current tax | ₹248 lakhs | ₹379 lakhs | ₹151 lakhs | ₹1,271 lakhs |
| - Current tax pertaining to earlier years | ₹4 lakhs | (₹6 lakhs) | (₹229 lakhs) | (₹233 lakhs) |
| - Deferred tax | (₹11 lakhs) | ₹25 lakhs | ₹25 lakhs | ₹25 lakhs |
| Profit after tax (E-F) | ₹591 lakhs | ₹2,557 lakhs | ₹354 lakhs | ₹4,686 lakhs |
| Other comprehensive income (net of tax) | ₹14 lakhs | (₹60 lakhs) | ₹0 lakhs | ₹40 lakhs |
| Total comprehensive income for the period (G+H) | ₹591 lakhs | ₹2,571 lakhs | ₹354 lakhs | ₹4,626 lakhs |
| Paid-up equity share capital | ₹1,062 lakhs | ₹1,062 lakhs | ₹1,062 lakhs | ₹1,062 lakhs |
| Total reserves i.e. Other Equity | ₹20,654 lakhs | ₹20,654 lakhs | ₹20,654 lakhs | ₹20,654 lakhs |
| Earnings per share (EPS) | ₹5.56 | ₹24.08 | ₹3.33 | ₹44.12 |
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About Indo Tech.Trans.
Indo-Tech Transformers Limited, established in 1976, is a leading transformer manufacturer based in Tamil Nadu, India. The company produces a wide range of transformers used in various industries, including power generation, steel, cement, and textiles.
Their products are known for their quality and reliability, and they serve numerous major clients like NTPC, ADANI, and Siemens. Indo-Tech Transformers operates state-of-the-art manufacturing facilities and maintains high standards in testing and quality control to meet both national and international requirements.
Indo Tech.Trans. Q1 Results - FAQs
1. What were Indo-Tech Transformers’ total revenues for Q1 2024?
The total revenue was ₹8,384 lakhs.
2. How did the Q1 2024 revenue compare to Q1 2023?
The revenue decreased from ₹9,403 lakhs in Q1 2023 to ₹8,384 lakhs in Q1 2024.
3. What was the profit before tax for Q1 2024?
The profit before tax was ₹833 lakhs.
4. How much was the profit after tax for Q1 2024?
The profit after tax was ₹591 lakhs.
5. What were the total expenses for Q1 2024?
The total expenses were ₹7,551 lakhs.
6. What was the earnings per share (EPS) for Q1 2024?
The EPS was ₹5.56.
7. What was the total comprehensive income for Q1 2024?
The total comprehensive income was ₹591 lakhs.
8. Did the Indo Tech. Trans’s expenses increase or decrease compared to the previous quarter?
The Indo Tech. Trans’s expenses decreased from ₹15,053 lakhs in the previous quarter to ₹7,551 lakhs in Q1 2024.
9. What products does Indo-Tech Transformers Limited manufacture?
They manufacture power transformers, distribution transformers, inverter transformers, converter transformers, and special application transformers.
10. Where is Indo-Tech Transformers Limited located?
The company is located in Kancheepuram, Tamil Nadu, India.