Investment Trust of India Reports Mixed Financial Results for December 2024
The Investment Trust of India has announced its financial results for the quarter ending December 2024, showcasing a mixed performance. While profit before tax increased significantly and operating profit reached a five-quarter high, profit after tax and net sales experienced notable declines, alongside reduced cash reserves.
The Investment Trust of India has recently reported its financial results for the quarter ending December 2024, revealing a mixed performance. The evaluation changes reflect a notable decline in the overall score, which has adjusted from 20 to 10 over the past three months.On a positive note, the company reported a profit before tax (PBT) of Rs 15.88 crore, marking a growth of 48.7% compared to the average PBT of the previous four quarters. Additionally, the operating profit reached its highest level in the last five quarters at Rs 24.65 crore, indicating a favorable trend in operational efficiency, with an operating profit margin of 32.02%.
Conversely, challenges are evident in other areas. The profit after tax (PAT) has seen a significant decline, recorded at Rs 4.01 crore, which is down 62.1% from the average of the previous four quarters. Furthermore, net sales have also contracted, coming in at Rs 76.99 crore, a decrease of 8.2% compared to the previous four-quarter average. The company's cash and cash equivalents have reached their lowest point in the last six half-yearly periods, suggesting a deterioration in short-term liquidity.
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