ITC Agro-tech has posted a 275 per cent growth in its net profit to Rs 1.5 crore in the first-half of the current financial year.
The company's net profit stood at Rs 40 lakh in the corresponding period of the previous financial year.
Net sales of the company increased by 30 per cent to Rs 394.5 crore from Rs 303.3 crore in the corresponding period las financial year.
Other income, however, dipped to Rs 2 crore from Rs 3.3 crore in the corresponding period last year.
Operating profit stood at Rs 6.1 crore against an operating loss of Rs 1 crore in the corresponding period the previous financial year.
Gross profit before interest charges and depreciation increased from Rs 2.3 crore to Rs 8.1 crore.
Depreciation was higher at Rs 5.5 crore in the first-half of the current fiscal compared with Rs 3.9 crore in the corresponding period last year.
The company's total expenditure has also increased to Rs 388.4 crore in the current financial year from Rs 304.3 crore in the corresponding period of the previous fiscal.
