ITC · Fast Moving Consumer Goods
ITC Ltd. reported revenue of ₹17,038 cr for January to March 2024, — on the year and −0.9% on the quarter.
Operating profit (EBITDA) was ₹6,302 cr, a margin of 37.0%, — on the year and +87 bps on the quarter.
Net profit was ₹5,191 cr, — on the year and −4.0% on the quarter, with earnings per share of ₹4.10.
On earnings per share of ₹16.41 over the last four quarters, the stock at ₹262.25 trades at 16.0 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹17,774 cr | ₹17,195 cr | ₹17,038 cr | ₹17,778 cr | ₹19,990 cr | ₹18,790 cr | ₹18,765 cr | ₹21,495 cr | ₹19,502 cr | ₹20,047 cr | ₹17,825 cr | ₹19,114 cr |
| YoY | — | — | — | +4% | +12% | +9% | +10% | +21% | −2% | +7% | −5% | −11% |
| EBITDA margin | 36.3% | 36.1% | 37.0% | 36.8% | 32.8% | 33.9% | 34.7% | 31.7% | 34.3% | 34.3% | 38.8% | 27.1% |
| Other income, % of PBT | 10% | 12% | 13% | 11% | 10% | 12% | 72% | 11% | 11% | 5% | 10% | 20% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 26% | 19% | 23% | 25% | 26% | 26% | 8% | 25% | 26% | 26% | 24% | 23% |
| Net profit | ₹4,965 cr | ₹5,407 cr | ₹5,191 cr | ₹5,177 cr | ₹5,054 cr | ₹5,013 cr | ₹19,808 cr | ₹5,343 cr | ₹5,187 cr | ₹5,018 cr | ₹5,470 cr | ₹4,509 cr |
| YoY | — | — | — | −0% | +2% | −7% | +282% | +3% | +3% | +0% | −72% | −16% |
| Core profit YoY | — | — | — | −1% | +2% | +2% | +3% | +4% | +2% | +8% | +6% | −26% |
| EPS | ₹3.93 | ₹4.28 | ₹4.10 | ₹4.08 | ₹3.99 | ₹3.94 | ₹15.76 | ₹4.19 | ₹4.09 | ₹3.94 | ₹4.30 | ₹3.51 |
| Flags | · | · | · | ✓ | 1 | ✓ | 3 | 1 | ✓ | ✓ | ✓ | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
ITC Ltd. reported revenue of ₹17,038 cr (— on the year) and net profit of ₹5,191 cr (— on the year) for January to March 2024.
None of the 2 checks that could run raised a question.
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