ITC Q1 Earnings: ITC Q1 Earnings: Earnings Jump 38% YoY to Rs 4,169 Crore, Beat Estimates

NEW DELHI: On Monday reported a 38.35% year-on-year (YoY) increase in standalone net profit to Rs 4,169.38 crore for the June quarter, from Rs 3,013.49 crore in the same quarter last year last.

The number beat analysts of the Rs 3,985 crore profit figure forecast in an ET NOW poll.

Revenue for the quarter soared 41.36% year-on-year to Rs 18,320.16 crore from Rs 12,959.15 crore in the corresponding quarter last year. The ET NOW poll had pegged the earnings at Rs 15,044 crore.

Ebitda for the quarter stood at Rs 5,646.10 crore against an ET NOW survey estimate of Rs 5,089 crore. Margin for the quarter was 32.7% versus an ET NOW poll estimate of 33.8%. Cigarette revenue rose 29% year-on-year to Rs 6,608 crore.

Among the segments, FMCG revenue stood at Rs 4,451 crore from Rs 3,725 crore, up 19.5% year-on-year. Revenue from hotels stood at Rs 554 crore from Rs 128 crore, up 332.8% year-on-year. Paper segment revenue stood at Rs 2,267 crore from Rs 1,583 crore, up 43.2% year-on-year.

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