ITC has posted net profit at Rs 2500 cr in July-September quarter up 10.5 per cent from Rs 2262.5 cr in corresponding last fiscal. During the period, its total income reported an 8 per cent growth at Rs 13616 cr as compared to Rs 12611 cr on annual basis. Surprisingly, its cigarette revenue grew 7 per cent in Q2 at Rs 8528 cr as compared to Rs 7963 cr year-on-year.
In the July-September quarter (Q2), EBITDA grew 7.3 per cent at Rs 3630 cr against Rs 3383 cr while margins were almost flat at 26.7 per cent against 26.8 per cent (YoY). According to a media poll, the cigarette-hotel-to-FMCG major was estimated to report net profit at Rs 2673 cr with cigarette volume seen growing 3-4 per cent in Q2.
ITC Share Price Forecast:
Meanwhile, ITC share price was trading 0.03 per cent higher at Rs.238.90 on the National Stock Exchange (NSE) today. The scrip opened at Rs.239.85 from a previous closing of Rs.238.75.
ITC is analyzed by Dynamic Levels Researchers and analysts as the top 500 performing stocks for the current quarter among the 1700 stocks which are listed on the National Stock Exchange (NSE). ITC is fundamentally strong, financially sound and is safe for investment, as per Dynamic analysts and market experts.
ITC has a market cap of Rs. 289163.48 (Cr) while its book value stands at 27.97. The 52-week high of the stock stands at Rs. 265.90 (06-Sep-16) while the 52-week low reads at Rs. 178.76 (29-Feb-16). The life time high & low of the stock stands at Rs. 273.30 (28-Feb-15) and Rs. 4.14 (25-Jan-96), respectively.
In order to gain information about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a quick visit to ITC share price history.
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