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This article is more than 1 month old.

ITC Q2 net profit grows 13.7% to Rs 3,697.2 crore, revenue at Rs 13,553.5 crore; misses estimates

ITC Q2 net profit grows 13.7% to Rs 3,697.2 crore, revenue at Rs 13,553.5 crore; misses estimates
Business conglomerate ITC Ltd on Wednesday posted a 13.7 percent increase in its standalone net profit to Rs 3,697.2 crore for the second quarter ended September 30, 2021.
In the corresponding quarter last year, the company posted a net profit of Rs 3,252.6 crore. CNBC-TV18 Poll had predicted a profit of Rs 3,725 crore for the quarter under review.
Its revenue from operations during the September quarter stood at Rs 13,553.5 crore, up 12 percent, from Rs 12,103.8 crore in the year-ago quarter. Total expenses were at Rs 10,258.26 crore, up 11.93 percent in Q2/FY 2021-22, as against Rs 9,164.68 core of the corresponding period.
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ITC's standalone EBITDA jumped 12.9 percent to Rs 4,615 crore in Q2 September 2021 over Rs 4,088.3 in Q2 September 2020. EBITDA margin stood at 34.05 percent in Q2 September 2012 as compared to 33.8 percent in Q2 September 2020.
Earnings per share for the quarter was Rs 3.00 (previous year Rs 2.64). The FMCG businesses delivered resilient performance growing on a high base quarter which witnessed an exceptional surge in sales (Q2FY21 up by 19 percent). Segment revenue and segment EBITDA up 23 percent and 82 percent respectively over Q2FY20.
The results came after the close of the market hours. Shares of ITC Ltd ended at Rs 238.40, up by Rs 1.60, or 0.68 percent on the BSE.
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