itc q1 results: ITC Q1 Results: Profit jumps 38% YoY to Rs 4,169 crore, beats estimates

NEW DELHI: On Monday it reported a 38.35 percent increase year-over-year (YoY) in stand-alone net profit of Rs 4,169.38 crore for the June quarter, compared to Rs 3,013.49 crore in the same quarter last year .

The number beat the Rs 3,985 crore earnings figures analysts had been expecting in an ET NOW survey.

Revenue for the quarter increased by 41.36 percent year-on-year to Rs 18,320.16 crore, from Rs 12,959.15 crore in the corresponding quarter last year. ET NOW poll had revenue pegged at Rs 15,044 crore.

Ebitda for the quarter was Rs 5,646.10 crore against ET NOW poll estimate of Rs 5,089 crore. The margin for the quarter was 32.7 percent, against an ET NOW poll estimate of 33.8 percent. Cigarette revenues increased by 29 percent year-on-year to Rs 6,608 crore.

Among the segments, FMCG revenue came in at Rs 4,451 crore compared to Rs 3,725 crore, an increase of 19.5 percent year-on-year. The turnover of hotels was Rs 554 crore compared to Rs 128 crore, an increase of 332.8 percent year-on-year. Paper segment revenue was Rs 2,267 crore against Rs 1,583 crore, up 43.2 percent year-on-year.

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