Indian Toners & Developers Ltd., the manufacturer and exporter of compatible toners, has released its results for Q1 2018, ended June the 30th.
It was positive news for ITDL, with the results showing a growth of 23 percent in revenue, and a substantial 63 percent growth in profit after tax.
The company also witnessed a 53 percent growth in its EBITDA, with 445bps improvement in the EBITDA margin.
Sushil Jain, ITDL’s Chairman and Managing Director, reflected on the results, saying: “We have seen good traction across our key markets. We are confident to continue to grow and strengthen our brands and customer relationships in India as well as International markets. Q1 FY19 saw a slew of launches from our stable in the International markets which will put us in a commanding position in India as well going forward.”
Jain added: “We continue to take measures to increase efficiency in our manufacturing by focusing on better control in supply chain and managing other key costs. With our strong R&D team, we will continue to expand and improve our product range to meet the ever-emerging needs of the market. We continue to focus on expanding our footprint in Branded Product Segments through expansion of our Brands like Supremo, Formula-L and Racer.”
Recently, ITDL has launched compatible toners for use in various OEM machines, including those by HP, Samsung, Canon, Konica Minolta, Sharp, Xerox, Ricoh, and Brother.
“With these launches we continue to strengthen our relationship with our customers,” said the company. “More importantly, as these compatible toners get launched in Indian markets, we expect to gain significantly due to the lowest turnaround time in making these toners available to Indian markets.”
