FutureSenseIndia

ITC Q2 Results: Revenue rose by 16.00% year-over-year (YoY) to Rs. 20736 crore, while net profit rose by 1.00% YoY to Rs. 5054 crore.

NSE: ITC : Rs.482.25 (+2.24%)

Established in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri-Business.

Revenue for the current quarter (Sep 2024) is Rs. 20736 crore which is Rs. 18457 crore more than the revenue in the previous quarter (Jun 2024). However, it is higher than the revenue for the same quarter last year (Sep 2023) which was Rs. 17774 crore.

Net Profit

Net Profit for the current quarter (Sep 2024) is Rs. 5054 crore, which is Rs. 5177 crore less than the net profit in the previous quarter (Jun 2024). However, compared to the same quarter last year, it is significantly higher than the net profit of Rs. 4965 crore for Sep 2023.

Profit Margin

The profit margin for the current quarter (Sep 2024) is 0, which is the same as the profit margin for the previous quarter (Jun 2024). However, compared to the same quarter last year, the profit margin remains unchanged at 0, as it was in Sep 2023.

EPS

The EPS for the current quarter (Sep 2024) is 3, which is 4 less than the EPS for the previous quarter (Jun 2024). However, compared to the same quarter last year, it is same the EPS of 3 for Sep 2023.

Other Income

Other income for the current quarter (Sep 2024) is Rs. 623 crore, which is Rs. 692 crore less than the other income for the previous quarter (Jun 2024). However, compared to the same quarter last year, it is lower than the other income of Rs. 665 crore for Sep 2023.

The board of the company has approved the acquisition of 1.52 crore shares in EIH Ltd and 34.6 lakh shares in HLV Ltd from Russell Credit, which is a wholly-owned subsidiary of the company.

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