Net loss over Rs.3 crore in HY1 of FY19-20 at Innovative Tyres and Tubes

Innovative Tyres and Tubes reported revenue of Rs.84.49 crore for the half year ended 30th September 2019 showing a fall against Rs.89.36 crore in a year ago period.

Company : Jakharia Fabric Limited

Innovative Tyres and Tubes declared its standalone financial results for the half year ended 30th September, 2019 marking a post-tax loss of Rs.3.78 crore compared to PAT of Rs.93.54 lacs in the corresponding period last year.

Standalone loss before tax for the same period reached Rs.3.43 crore whereas in the preceding year same period it was profit of Rs.65.96 lacs.

Loss per share for the current half year stands at Rs.2.10 as against profit of Rs.0.52 in previous year same period.

By the end of financial year 2018-19, standalone total revenue at Innovative Tyres and Tubes reached Rs.173.87 crore with PBT of Rs.91.24 lacs and PAT of Rs.99.10 lacs.

Innovative Tyres and Tubes Limited (ITTL) is part of the reputed Innovative Group, one of the leading manufacturers and exporters of Bias Tyres in India, with a prodigious history and colossal experience of 20 years in manufacturing field.

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	Current Year Upto	Previous Year Upto	Previous Year
	30/9/2019	30/9/2018	2018-2019
Income Statement
Revenue	8320.68	8886.11	17178.75
Other Income	129.21	50.63	208.46
Total Income	8449.89	8936.74	17387.21
Expenditure	8246.08	8429.95	16443.02
Finance Cost	149.25	108.14	207.40
PBDT	54.56	398.65	736.79
Depreciation	397.95	332.69	645.55
PBT	-343.39	65.96	91.24
Tax	35.32	-27.58	-7.86
Net Profit	-378.71	93.54	99.10
Equity	1799.16	1799.16	1799.16
EPS	-2.10	0.52	0.55