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ITI shows improved results

May 3, 2000

ITI Ltd. is a government owned organisation that is engaged in the manufacture and sale of telecommunication equipment such as handset,EPABX equipment,cables,switching equipment,relays and related equipment. ITI which was plunged in huge losses a few years back has made a smart recovery due to prudent cost control and innovative marketing strategies.It also has plans to make forays into the cellular market field and has already commenced preliminary steps towards the same.

(Rs m) 1QFY99 1QFY00 Change
Sales 7,282 9,427 29.5%
Other Income 316 432 36.7%
Expenditure 6,705 8,672 29.3%
Operating Profit (EBDIT) 577 755 30.8%
Operating Profit Margin (%) 7.9% 8.0%  
Interest 410 405 0.0%
Depreciation 92 141 52.8%
Profit before Tax 391 641 64.1%
Other Adjustments -    
Tax - -
Profit after Tax/(Loss) 391 641 64.1%
Net profit margin (%) 5.4% 6.8%  
Earnings per share 4.44 7.28  

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