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ITC LTD Announces Quarterly Results (4QFY18); Net Profit Up 9.9%

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ITC LTD Announces Quarterly Results (4QFY18); Net Profit Up 9.9%
Fri, 18 May

ITC LTD has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

ITC LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m150,08899,522108,1328.7%-28.0%
Other incomeRs m4,0216,2695,165-17.6%28.5%
TurnoverRs m154,109105,791113,2977.1%-26.5%
ExpensesRs m111,33460,47766,69210.3%-40.1%
Gross profitRs m38,98343,17441,440-4.0%6.3%
DepreciationRs m2,4182,9083,0404.6%25.7%
InterestRs m115240232-3.2%102.8%
Profit before taxRs m40,47146,29643,333-6.4%7.1%
TaxRs m13,77715,39414,006-9.0%1.7%
Profit after taxRs m26,69530,90229,327-5.1%9.9%
Gross profit margin%264338
Effective tax rate%343332
Net profit margin%172926

Year-on-Year Performance:
  • The company's operating income during the quarter fell 28.0% on a year-on-year (YoY) basis. The expenses were down by 40.1% YoY during the same period.
  • The company's operating profit increased by 6.3% YoY during the quarter. Consequently, operating profit margins witnessed a increased and stood at 38.3% in 4QFY18 as against 26.0% in 4QFY17.
  • Depreciation charges and finance costs increased by 25.7% YoY and 102.8% YoY, respectively.
  • Other income increased by 28.5% YoY during the quarter.
  • Net profit for the quarter increased by 9.9% YoY. Net profit margins during the quarter increased from 17.3% in 4QFY17 to 25.9% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.3% QoQ during the same period.
  • The company's operating profit increased by 4.0% QoQ during the quarter. Consequently, operating profit margins witnessed a declined and stood at 38.3% in 4QFY18 as against 43.4% in 3QFY17.
  • Net profit for the quarter declined by 5.1% QoQ, while net profit margins increased from 25.2% in 3QFY17 to 25.9% in 4QFY18.

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

ITC LTD Share Price Performance

Over the last one year, ITC LTD share price has moved up from Rs 278.1 to Rs 282.3, registering a Gain of Rs 4.3 or around 1.5%.

Overall, the S&P BSE SENSEX is down 0.9% over the year.

Current Valuations

At the current price of Rs 282.3, the price to earnings (P/E) ratio of ITC LTD stands at 30.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.4 times.

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