ITI Limited reports net profit at Rs 1.99 billion during QE March 2021

ITI Limited has reported a 94.67 per cent higher year-on-year (YoY) consolidated revenues at Rs 12.66 billion during quarter ended (QE) March 2021. The company had reported consolidated revenues at Rs 6.5 billion last year. Further, on a sequential basis, revenues were higher by 154.85 per cent compared to total revenues in the QE December 2020 at Rs 4.96 billion.

Meanwhile, the company’s net profit stood at Rs 1.99 billion, a 520.42 per cent growth from last year. ITI had reported net profit worth Rs 320 million during QE March 2020.

Further, net margins at 15.77 per cent during QE March 2021 was sharply higher than 4.95 per cent in the QE March 2020. Besides, cash from operations turned to positive at Rs 950 million in FY21.