itc q1 results, ITC Q1 Result: Profit up 38% YoY to Rs. 4,169 Crores… Should You Invest? – itc q1 results: profit jumps 38% yoy to rs 4,169 crore

ITC reported a year-on-year (YoY) growth of 38.35% to Rs 4,169.38 crore based on its June quarter earnings. This is higher than Rs 3013.49 crore in the same quarter last year. Revenue rose 41.36 percent to Rs 18,320.16 crore from Rs 12,959.15 crore in the corresponding quarter last year.

Rs. EBITDA for the quarter stood at Rs 5,646.10 crore against Rs 5,089 crore. The margin for the quarter was 32.7 percent against the estimate of 33.8 percent. Cigarette revenue increased by 29 percent to Rs 6,608 crore.

FMCG revenue of Rs. 3,725 crore compared to Rs. 4,451 crores. This is an increase of 19.5 percent per annum. Hotel revenue Rs. 128 crore compared to Rs. 554 crores. This is an increase of 332.8 percent per annum. Paper segment revenue was Rs. 1,583 crore from Rs. 2,267 crores. This is an increase of 43.2 percent per annum.

ITC shares rose 3 percent to Rs 316.65 in intra-day trade today, hitting a fresh three-year high, after the cigarette-to-hotel major posted better-than-expected sales growth. Businesses for the quarter ended June 2022 (Q1FY23). The stock was trading at its highest level since September 2018.

Diversified conglomerate ITC on August 1 reported a 33.46 per cent rise in its net profit for the quarter (Q1FY23) on a consolidated basis to Rs 4,462.25 crore.

ITC reported 38 per cent year-on-year (YoY) growth in its consolidated net profit to Rs 4,169 crore amid growth across segments. Profit was Rs 3,013 crore in the corresponding period of the previous year. Net sales were up 41 percent year-on-year to Rs 18,164 crore. It exceeds expectations. Operating margins stood at 30.8 percent. The company’s performance across all segments was driven by strong performance.