INSUBCONTINENT EXCLUSIVE:
NEW DELHI: FMCG major ITC on Wednesday posted a 3.85 per cent year-on-year (YoY) rise in net profit on a double-digit rise in top line for
quarter ended December 2018
Net profit of company jumped to Rs 3,209.07 crore in Q3FY19 over Rs 3,090.20 crore in corresponding quarter last year.
Net sales of company
increased 14.86 per cent YoY to Rs 11,431.26 crore during quarter under review against Rs 9,952.19 crore in same period last year.
An
analyst poll by ETNow had projected net profit and net sales at Rs 3,101 crore and 10,794 crore, respectively, for December quarter.
Here
are top five takeaways from ITC's third-quarter earnings:EBITDA: Earnings before interest tax depreciation and amortisation (EBITDA)
increased 11.23 per cent YoY to Rs 4,326 crore against Rs 3,889 crore in same period last year
ETNow poll had projected an EBITDA of Rs 4,322 crore
Margins missed street estimates in Q3FY19
The figure came at 37.80 per cent against 39.80 per cent on YoY basis
ETNow poll had project margins of 40 per cent during quarter under review.
Segment performance: Revenue from cigarette segment increased
9.59 per cent YoY to Rs 5,073.38 crore in Q3FY19
Hotel and agri business posted 11.72 per cent and 25.72 per cent YoY rise in revenue at Rs 451.86 crore and Rs 1924.61 crore, respectively
Other income: Other income of ITC increased 30.20 per cent YoY to Rs 836.39 crore for quarter ended December 2018 against Rs 642.36 crore
in same period last year.
EPS: Earnings per share (Basic) stood at Rs 2.62 in December quarter as against Rs 2.54 in corresponding quarter
Diluted EPS came at Rs 2.60 against Rs 2.52 in corresponding quarter last year.
Share price update: Shares of ITC tanked over 4.02 per cent
to an intraday low of Rs 278.10 after announcement of financial results.
