ITC Announces Quarterly Results (3QFY20); Net Profit Up 29.1%

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 (3QFY20); Net Profit Up 29.1%
Mon, 3 Feb

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

ITC Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m114,313118,715120,1301.2%5.1%
Other incomeRs m8,3646,5439,83650.3%17.6%
TurnoverRs m122,677125,258129,9663.8%5.9%
ExpensesRs m71,05573,09174,0031.2%4.1%
Gross profitRs m43,25845,62444,806-1.8%3.6%
DepreciationRs m3,3543,9574,1625.2%24.1%
InterestRs m56133124-6.7%121.7%
Profit before taxRs m48,21248,07750,3554.7%4.4%
TaxRs m16,1217,8468,93613.9%-44.6%
Profit after taxRs m32,09140,23141,4193.0%29.1%
Gross profit margin%37.838.437.3
Effective tax rate%33.416.317.7
Net profit margin%26.232.131.9
* 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 5.1% on a year-on-year (YoY) basis. The expenses were up by 4.1% YoY during the same period.
  • The company's operating profit increased by 3.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 37.3% in 3QFY20 as against 37.8% in 3QFY19.
  • Depreciation charges increased by 24.1% and finance costs increased by 121.7% YoY, respectively.
  • Other income increased by 17.6% YoY during the quarter.
  • Net profit for the quarter increased by 29.1% YoY. Net profit margins during the quarter increased from 26.2% in 3QFY19 to 31.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.2% QoQ during the same period.
  • The company's operating profit declined by 1.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 37.3% in 3QFY20 as against 38.4% in 2QFY19.
  • Net profit for the quarter increased by 3.0% QoQ, while net profit margins declined from 32.1% in 2QFY19 to 31.9% in 3QFY20.

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

Revealed: Top 3 Stocks for 2020 and Beyond

ITC Share Price Performance

Over the last one year,ITC share price has moved down from Rs 280.8 to Rs 211.1, registering a Loss of Rs 69.7 or around 24.8%.

Overall, the S&P BSE SENSEX is up 9.5% over the year.

Current Valuations

At the current price of Rs 211.1, the price to earnings (P/E) ratio of ITC stands at 17.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 times.

Equitymaster requests your view! Post a comment on "ITC Announces Quarterly Results (3QFY20); Net Profit Up 29.1%". Click here!

  

Related Views on News

ITC Announces Quarterly Results (1QFY21); Net Profit Down 26.2% (Quarterly Result Update)

Jul 30, 2020 | Updated on Jul 30, 2020

For the quarter ended June 2020, ITC has posted a net profit of Rs 23 bn (down 26.2% YoY). Sales on the other hand came in at Rs 95 bn (down 17.4% YoY). Read on for a complete analysis of ITC's quarterly results.

ITC Announces Quarterly Results (4QFY20); Net Profit Up 9.1% (Quarterly Result Update)

Jun 29, 2020 | Updated on Jun 29, 2020

For the quarter ended March 2020, ITC has posted a net profit of Rs 38 bn (up 9.1% YoY). Sales on the other hand came in at Rs 114 bn (down 6.4% YoY). Read on for a complete analysis of ITC's quarterly results.

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.

More Views on News

Most Popular

These 5 Smallcaps Deserve a Place in Your Coffee Can Portfolio(Profit Hunter)

Jul 28, 2020

When it comes to quality stocks, doing less is more.

Before You Buy Your First Electric Vehicle Consider Buying this Stock(Profit Hunter)

Jul 29, 2020

As competition intensifies in the electric vehicle space, only few will create huge wealth over the years.

How to Buy Gold and Silver(Fast Profits Daily)

Jul 27, 2020

In this video I'll show you how to buy bullion the right way.

Elon Musk Gives Us a Trading Opportunity(Fast Profits Daily)

Jul 28, 2020

Elon Musk made a statement recently which I believe, gives us a fast profit trading opportunity.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

ITC SHARE PRICE


Aug 7, 2020 03:37 PM

TRACK ITC

COMPARE ITC WITH

MARKET STATS