India Earnings - ITC Q3 net up 8.73% at 903 crore

By Abhishek on 11:16 PM

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ITC Limited : FMCG major ITC disclosed a small rise in its standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company rose 8.73% to Rs 9,032.10 million or 903 crore from Rs 8,307.20 million or 830 crore in the same quarter, last year. 

Net sales for the quarter rose 11.59% to Rs 38,586.50 million or Rs 3,833 crore, while total income for the quarter rose 10.04% to Rs 39,562.10 million, when compared with the prior year period.

Its EBITDA was at 8.7% to Rs 1352.7 crore. Its EBITDA margins were at 35.2% versus 34.78%.

The company posted earnings of Rs 2.40 a share during the quarter, registering 8.60% growth over prior year period.

ITC is engaged in business of cigarettes, hotels, paperboards, packaging and agri-exports.

Segmental revenues 

  • Cigarette – revenue up 17.7%  led by price hikes ; Price compensated for drop in volumes
  • FMCG: revenue up 11.4%
  • Hotels Down 14%  lower occupancy levels, terror attacks, lower tourist flows
  • Paper  up 13.6%

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