ITC Announces Quarterly Results (1QFY20); Net Profit Up 12.6%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

ITC Announces Quarterly Results (1QFY20); Net Profit Up 12.6%
Mon, 5 Aug

ITC has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ITC Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m108,746122,060115,028-5.8%5.8%
Other incomeRs m4,0397,4026,202-16.2%53.6%
TurnoverRs m112,784129,462121,230-6.4%7.5%
ExpensesRs m66,72576,34469,371-9.1%4.0%
Gross profitRs m42,02145,71745,657-0.1%8.7%
DepreciationRs m2,9873,5023,5892.5%20.2%
InterestRs m737715296.6%107.4%
Profit before taxRs m42,99949,53948,117-2.9%11.9%
TaxRs m14,81314,72016,37811.3%10.6%
Profit after taxRs m28,18734,81931,739-8.8%12.6%
Gross profit margin%38.637.539.7
Effective tax rate%34.429.734.0
Net profit margin%25.026.926.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 5.8% on a year-on-year (YoY) basis. The expenses were up by 4.0% YoY during the same period.
  • The company's operating profit increased by 8.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 39.7% in 1QFY20 as against 38.6% in 1QFY19.
  • Depreciation charges increased by 20.2% and finance costs increased by 107.4% YoY, respectively.
  • Other income increased by 53.6% YoY during the quarter.
  • Net profit for the quarter increased by 12.6% YoY. Net profit margins during the quarter increased from 25.0% in 1QFY19 to 26.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.1% QoQ during the same period.
  • The company's operating profit increased by 0.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 39.7% in 1QFY20 as against 37.5% in 4QFY19.
  • Net profit for the quarter declined by 8.8% QoQ, while net profit margins declined from 26.9% in 4QFY19 to 26.2% in 1QFY20.

To see how ITC has performed over the last eight quarters,please visit here.

ITC Share Price Performance

Over the last one year,ITC share price has moved down from Rs 303.8 to Rs 258.6, registering a Loss of Rs 45.2 or around 14.9%.

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 258.6, the price to earnings (P/E) ratio of ITC stands at 24.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.3 times.

Equitymaster requests your view! Post a comment on "ITC Announces Quarterly Results (1QFY20); Net Profit Up 12.6%". Click here!

  

Related Views on News

ITC 2018-19 Annual Report Analysis (Annual Result Update)

Jun 17, 2019 | Updated on Jun 17, 2019

Here's an analysis of the annual report of ITC for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of ITC. Also includes updates on the valuation of ITC.

ITC Announces Quarterly Results (4QFY19); Net Profit Up 18.7% (Quarterly Result Update)

May 14, 2019 | Updated on May 14, 2019

For the quarter ended March 2019, ITC has posted a net profit of Rs 35 bn (up 18.7% YoY). Sales on the other hand came in at Rs 122 bn (up 12.9% YoY). Read on for a complete analysis of ITC's quarterly results.

ITC LTD Announces Quarterly Results (3QFY19); Net Profit Up 3.8% (Quarterly Result Update)

Jan 24, 2019 | Updated on Jan 24, 2019

For the quarter ended December 2018, ITC LTD has posted a net profit of Rs 32 bn (up 3.8% YoY). Sales on the other hand came in at Rs 114 bn (up 14.9% YoY). Read on for a complete analysis of ITC LTD's quarterly results.

ITC: GST Cess Weighs on Cigarettes (Quarterly Results Update - Detailed)

Nov 7, 2017

Additional cess in the GST regime hurts ITC's cigarette business.

More Views on News

Most Popular

My 3 Best Small-cap Stocks to Get Rich in this Market Rebound(Profit Hunter)

Oct 14, 2019

This is once in a decade opportunity to make a killing from smallcap rebound.

Finally, Is the Share Price of Yes Bank Ready for a Rebound?(The 5 Minute Wrapup)

Oct 7, 2019

Here's what every individual investor must know about Yes Bank...

The One Stock I Like in this Market(The 5 Minute Wrapup)

Oct 10, 2019

There are rare periods in markets when you get good quality stocks at attractive valuations. Is this one such period?

Two Stocks to Buy in the Great Indian Festival(Profit Hunter)

Oct 11, 2019

Discounts are not just limited to E-tailers. You can buy stocks at 50% off too. Here are two stocks to buy now.

5 Smart Money Stocks to Profit from the Market Rebound(The 5 Minute Wrapup)

Oct 11, 2019

Now is the time to put money in these 5 stocks to take advantage of the recovery in the economy and the markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

ITC SHARE PRICE


Oct 17, 2019 (Close)

TRACK ITC

COMPARE ITC WITH

MARKET STATS