ITC - what next?

ITC 's July-September quarter earnings missed analysts' expectations on Friday with profit flat Rs 2,431 crore and revenue falling over 1 percent to Rs 8,904 crore year-on-year.

According to analysts polled by CNBC-TV18, profit was estimated at Rs 2,550 crore (up 5 percent) and revenue of Rs 9,420 crore (up 4.3 percent) with operating profit rising 5.3 percent to Rs 3,675 crore and margin expansion of 30 basis points.
At 12:46 hrs ITC was quoting at Rs 338.20, down Rs 11.55, or 3.30 percent on the BSE.

 

ITC reports marginal rise in Q2 net profit

The company’s total income has decreased by 0.82% to Rs 9303.43 crore for the quarter under review
ITC has reported results for second quarter ended September 30, 2015.

The company has reported 0.25% rise in its net profit at Rs 2431.25 crore for the quarter ended September 30, 2015 as compared to Rs 2425.16 crore for the same quarter in the previous year. However, company’s total income has decreased by 0.82% to Rs 9303.43 crore for the quarter under review from Rs 9379.96 crore for the corresponding quarter of the previous year.

ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.
source:ventura