ITC Limited
NSE Symbol ITC
ITC LIMITED has declared GOOD RESULTS (Stand Alone) for the third quarter ending December, 2010.
Net Sales is Rs.5453.49 cr – up by 7.75% from the previous quarter of Q2 FY 11; up by 13.22 from Q1 FY 11; up by 7.91% from Q4 FY 10; and up by 20.34% from the corresponding quarter of Q3 FY 10.
Total Expenditure is Rs.3652.55 cr – up by 6.29% from Q2 FY 11; up by 8.39% from Q1 FY 11; down by 0.41% from Q4 FY 10; and up by 20.65% from Q3 FY 10.
Profit from Operations is Rs.1861.19 cr – up by 8.78% from Q2 FY 11; up by 25.98% from Q1 FY 11; up by 27.12% from Q4 FY 10; and up by 19.86% from Q3 FY 10.
Profit before tax is Rs.2031.27 cr – up by 11% from Q2 FY 11; up by 29.37% from Q1 FY 11; Up by 34.99% from Q4 FY 10; and up by 19.41% from Q3 FY 10.
Net Profit is Rs.1389.08 cr – up by 11.42% from Q2 FY 11; up by 29.78% from Q1 FY 11; up by 35.1% from Q4 FY 10; and up by 21.41% from Q3 FY 10.
With a face Value of Rs.1, the Paid Up Equity has gone up to Rs.770.59 cr in Q3 FY 11; compared to Rs.381.82 cr two quarters before - due to Bonus shares issue in 1 : 1 ratio.
Accordingly, the Basic EPS is Rs.1.81 in Q3 FY 11; Rs.1.83 in Q2 FY 11 – both on enhanced equity; while the Basic EPS earlier on lower equity was Rs.2.8 in Q1 FY 11; Rs.2.71 in Q4 FY 10; and Rs.3.02 in Q3 FY 10.
The company has performed well in the quarter.
WHAT COMPANY SAYS :
Highlights
Robust performance by Non-Cigarette FMCG businesses. Segment Revenues up 24% with improved profitability led by the Branded Packaged Foods business.
‘Sunfeast Yippee’ Noodles launched in Sept. 2010 being rolled out nationally. Product well received by consumers.
Stationery business recorded a robust sales growth of 50%; ‘Classmate’ range augmented with wax crayons and colour pencils.
The Agribusiness posted a strong performance during the quarter with Segment Revenues and Profits growing by 18% and 36% respectively. It is driven by higher realisations in Soya and Coffee and improved performance in Leaf Tobacco exports.
Recovery continues in the Hotels segment with revenues and profits growing by 15% and 16% respectively.
Strong growth in sales of paperboards and packaging to external customers; overall performance impacted by packaging inventory depletion due to uncertainty around the change in graphic statutory warnings on cigarette packaging.
The Branded Packaged Foods business clocked an impressive performance with sales growing by 24% during the quarter
The ‘Bingo!’ range of potato chips and finger snacks recorded impressive performance with sales growing by 48% during the quarter.
In the Biscuits category, sales of ‘Sunfeast’ grew by 28% during the quarter.
RESULTS TABLE :
| I T C | 31-Dec-10 | 30-Sep-10 | 30-Jun-10 | 31-Mar-10 | 31-Dec-09 |
| Net Sales | 545349 | 506120 | 481663 | 505379 | 453185 |
| Net Sales | 545349 | 7.75 | 13.22 | 7.91 | 20.34 |
| Other Operating Income | 6025 | 8598 | 3071 | 7782 | 4830 |
| Incre./decr. in SIT / WIP | -5872 | -21116 | -9978 | 20283 | -4902 |
| Raw Materials | 181611 | 178930 | 156853 | 156236 | 168032 |
| Traded Goods | 29045 | 27506 | 32238 | 41329 | 19097 |
| Employees Cost | 27734 | 26118 | 34192 | 25584 | 22279 |
| Depreciation | 16810 | 16399 | 15968 | 15386 | 15487 |
| Other Expenditure | 115927 | 115791 | 107720 | 107933 | 82745 |
| Total Expenditure | 365255 | 343628 | 336993 | 366751 | 302738 |
| Total Expenditure | 365255 | 6.29 | 8.39 | -0.41 | 20.65 |
| Profit from Operations | 186119 | 171090 | 147741 | 146410 | 155277 |
| Profit from Operations | 186119 | 8.78 | 25.98 | 27.12 | 19.86 |
| Other Income | 19304 | 12449 | 9848 | 5920 | 15912 |
| Interest | 2296 | 536 | 580 | 1851 | 1087 |
| Profit before tax | 203127 | 183003 | 157009 | 150479 | 170102 |
| Profit before tax | 203127 | 11 | 29.37 | 34.99 | 19.41 |
| Tax expense | 64219 | 58329 | 49978 | 47657 | 55685 |
| Net Profit | 138908 | 124674 | 107031 | 102822 | 114417 |
| Net Profit | 138908 | 11.42 | 29.78 | 35.1 | 21.41 |
| Face Value (In Rs | 1 | 1 | 1 | 1 | 1 |
| Paid Up Equity | 77059 | 76774 | 38182 | 38182 | 37953 |
| Basic EPS | 1.81 | 1.83 | 2.8 | 2.71 | 3.02 |
| Diluted EPS | 1.78 | 1.61 | 2.77 | 2.68 | 2.99 |
| Public Holding (%) | 99.65 | 99.64 | 99.63 | 99.61 | 99.61 |
ANNOUNCEMENTS
TO NSE
02-02-2011 Itc Limited has informed the Exchange regarding press release dated January 25, 2011 titled "Padma Bhushan for Y C Deveshwar".
21-01-2011 ITC Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 545349 lacs for quarter ending on 31-DEC-2010 against Rs. 453185 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 138908 lacs for the quarter ending on 31-DEC-2010 against Rs. 114417 lacs for the quarter ending on 31-DEC-2009.
29-10-2010 ITC Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 506120 lacs for quarter ending on 30-SEP-2010 against Rs. 429259 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 124674 lacs for the quarter ending on 30-SEP-2010 against Rs. 100991 lacs for the quarter ending on 30-SEP-2009.
06-08-2010 Itc Limited has informed the Exchange that on August 06, 2010 the Company has issued and allotted 382,67,01,530 Ordinary shares of Re.1/-each, as Bonus Shares to those members of the Company entitled thereto as on August 04, 2010, being the Record Date fixed for the purpose. Accordingly, with effect from August 06, 2010, the Issued, Subscribed and Paid-up Share Capital of the Company stands increased to Rs.765,34,03,060/- divided in to 765,34,03,060 Ordinary Shares of the face value of Re.1/-each.
29-07-2010 Itc Limited has submitted to the Exchange a copy of the Chairman's Speech on 'Commemorating the ITC Centenary - 100 Inspiring Years : One Mission - India First' delivered at the Annual General Meeting of the Company held on July 23, 2010.
22-07-2010 ITC Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 481663 lacs for quarter ending on 30-JUN-2010 against Rs. 408268 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 107031 lacs for the quarter ending on 30-JUN-2010 against Rs. 87870 lacs for the quarter ending on 30-JUN-2009.
21-05-2010 ITC Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1913587 lacs for year ending on 31-MAR-2010 against Rs. 1633233 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 416818 lacs for the year ending on 31-MAR-2010 against Rs. 332459 lacs for the year ending on 31-MAR-2009. -
21-05-2010 ITC Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1815319 lacs for year ending on 31-MAR-2010 against Rs. 1538811 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 406100 lacs for the year ending on 31-MAR-2010 against Rs. 326359 lacs for the year ending on 31-MAR-2009. -
21-05-2010 ITC Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 505379 lacs for quarter ending on 31-MAR-2010 against Rs. 389181 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 102822 lacs for the quarter ending on 31-MAR-2010 against Rs. 80899 lacs for the quarter ending on 31-MAR-2009.
22-01-2010 ITC Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2009 as follows: Net Sales of Rs. 453185 lacs for quarter ending on 31-DEC-2009 against Rs. 383331 lacs for the quarter ending on 31-DEC-2008. Net Profit / (Loss) of Rs. 114417 lacs for the quarter ending on 31-DEC-2009 against Rs. 90321 lacs for the quarter ending on 31-DEC-2008.
* * * E N D * * *
No comments:
Post a Comment