Incorporated in 1973, International Conveyors Limited (ICL) is engaged in the manufacturing and marketing of solid woven PVC covered conveyor belts. These belts are fire retardant, antistatic and are mainly used in underground mines for transportation of minerals such as Coal & Potash
Financial Results:
- International Conveyors Ltd reported Revenues for Q1FY24 of ₹43.00 Crores down from ₹56.00 Crore year on year, a fall of 23.21%.
- Total Expenses for Q1FY24 of ₹39.00 Crores down from ₹53.00 Crores year on year, a fall of 26.42%.
- Consolidated Net Profit of ₹14.00 Crores up 100.0% from ₹7.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹2.14, up 107.77% from ₹1.03 in the same quarter of the previous year.