Innovative Tech Pack standalone net profit declines 40.74% in the March 2024 quarter

Sales decline 10.88% to Rs 34.82 crore

Net profit of Innovative Tech Pack declined 40.74% to Rs 0.16 crore in the quarter ended March 2024 as against Rs 0.27 crore during the previous quarter ended March 2023. Sales declined 10.88% to Rs 34.82 crore in the quarter ended March 2024 as against Rs 39.07 crore during the previous quarter ended March 2023.

For the full year,net profit reported to Rs 1.79 crore in the year ended March 2024 as against net loss of Rs 1.43 crore during the previous year ended March 2023. Sales declined 10.10% to Rs 142.37 crore in the year ended March 2024 as against Rs 158.36 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales34.8239.07 -11 142.37158.36 -10 OPM %9.566.12 -9.547.48 - PBDT2.121.74 22 9.257.25 28 PBT0.160.27 -41 1.79-1.43 LP NP0.160.27 -41 1.79-1.43 LP

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