ITC's Q4 PAT up 5.6%, meets expectations; margins expand by 130 bps YoY
The comapny’s Ebitda at Rs 3,687 crore was 13.7 per cent higher than an Ebitda of Rs 3,243 crore the company reported in the year-ago quarter.
By ET Online | Updated:
NEW DELHI: ITC, India’s largest cigarette market, reported 5.67 per cent year-on-year (YoY) rise in net profit at Rs 2,495 crore for the quarter ended March 31, which was largely in line with the estimate of Rs 2,510 crore projected by analysts in an ET Now.
The company had reported a net profit of Rs 2,361 crore in the corresponding quarter of last year.
Sales for the quarter stood at Rs 10,060 crore, which was higher than the estimate of Rs 9,750 crore that analysts had projected in an ET Now poll.
The company’s Ebitda at Rs 3,687 crore was 13.7 per cent higher than an Ebitda of Rs 3,243 crore, the company reported in the year-ago quarter.
The company said margins expanded to 36.6 per cent for the March quarter from 35.3 per cent in the corresponding quarter last year.
Cigarette revenue for the quarter grew 10 per cent at Rs 4,640 crore in the March quarter. The company had reported cigarette revenue of Rs 4,210 crore for the year-ago quarter.
The company had reported a net profit of Rs 2,361 crore in the corresponding quarter of last year.
Sales for the quarter stood at Rs 10,060 crore, which was higher than the estimate of Rs 9,750 crore that analysts had projected in an ET Now poll.
The company’s Ebitda at Rs 3,687 crore was 13.7 per cent higher than an Ebitda of Rs 3,243 crore, the company reported in the year-ago quarter.
The company said margins expanded to 36.6 per cent for the March quarter from 35.3 per cent in the corresponding quarter last year.
Cigarette revenue for the quarter grew 10 per cent at Rs 4,640 crore in the March quarter. The company had reported cigarette revenue of Rs 4,210 crore for the year-ago quarter.
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