ITC LTD = RESULTS FOR Q2 FY 2012 = NPT UP BY 14.38%QOQ & 21/46%YOY

ITS LTD

RESULTS FOR

2^ND QUARTER, FY 2012

QTR ENDING SEPT,2011

ITC LTD   has declared good results for the second quarter ending Sept,2011.

Net Sales has increased to Rs.5974.18 Cr in Q2 FY 12 – compared to  Rs.5767.47 cr in Q1 FY 12 – up by 3.58% - and compared to Rs.5061.20cr – up by 18.04% in Q2 FY 11.

Raw Materials consumption stands at Rs.1856.04 Cr in Q2 FY 12  – compared to Rs.1981.94 cr – down by (-)6.35% from Q1 FY 12 - and compared to Rs.1789.30 cr – up by 3.73% in Q2 FY 11

Total Expenditure stands at Rs.4036.36 cr in Q2 FY 12 – compared to Rs.4050.54 cr  -down by(-)0.35% from Q1 FY 11 – and compared to Rs.3436.28 cr in Q2 FY 11, up by 17.46%.

Profit from Operations has increased to Rs.2048.86 Cr in Q2 FY 12 – from Rs.1809.64 cr –up by 13.22% in Q1 FY 12 – and from Rs.1710.90 Cr in Q2 FY 11, up by 19.75%

Profit before tax has increased to Rs.2215.48 Cr in Q2 FY 12 – from Rs.1937.03 Cr in Q1 FY 12, up by 14.38% - and from Rs.1830.03 Cr in Q2 FY 11, up by 21.06%.

Net Profit has increased to Rs.1514.31 Cr in Q2 FY 12 – from Rs.1332.72cr in Q1 FY 11, up by 13.63%; and from Rs.1246.74 Cr in Q2 FY 11, up by 21.46%. This is an excellent performance from ITC, both QOQ and YOY.

Basic EPS stands at Rs.1.95 against Rs.1.72 in Q1 FY 12 and Rs.1.83 on FV of Rs.1 – The current quarters are on slightly increased equity. Hence, the performance is very good.

On this Basis, annualized EPS comes to around Rs.8. The Market price is Rs.204 . 52 week high price is Rs.216.20 and  52 week low price is Rs.149. On this basis, the PE Ratio comes to 25.5, which reflects the good sentiment in favour of ITC even in these troubled times. It merits better valuations in Normal times.

From announcements section, we can see that ITC has also acquired WIMCO , thus enhancing its profitability further.

RESULTS TABLE

ITC	30-Sep-11	30-Jun-11	% DIF	30-Sep-10	% DIF
Net Sales	597418	576747	3.58	506120	18.04
Other Operatng Income	11104	9271	19.77	8598	29.15
Increase in SIT/WIP	-3984	-11811	-66.3	-21116	-81.13
Raw Materials	185604	198194	-6.35	178930	3.73
Traded Goods	50294	43540	15.51	27506	82.85
Employees Cost	26504	39424	-32.8	26118	1.48
Depreciation	17013	16645	2.21	16399	3.74
Other Expenditure	128205	119062	7.68	115791	10.72
Total Expenditure	403636	405054	-0.35	343628	17.46
Profit from Operations	204886	180964	13.22	171090	19.75
Other Income	18080	14384	25.7	12449	45.23
Interest	1418	1645	-13.8	536	164.55
Profit before tax	221548	193703	14.38	183003	21.06
Tax expense	70117	60431	16.03	58329	20.21
Net Profit	151431	133272	13.63	124674	21.46
Face Value (In Rs	1	1	0	1	0
Paid Up Equity	77730	77381	0.45	76774	1.25
Basic EPS	1.95	1.72	13.37	1.83	6.56
Diluted EPS	1.93	1.7	13.53	1.61	19.88
Public holding (%)	99.69	99.69	0	99.64	0.05

ANNOUNCEMENTS TO NSE

24-10-2011 ITC Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2011 as follows: Net Sales of Rs. 597418 lacs for quarter ending on 30-SEP-2011 against Rs. 506120 lacs for the quarter ending on 30-SEP-2010. Net Profit / (Loss) of Rs. 151431 lacs for the quarter ending on 30-SEP-2011 against Rs. 124674 lacs for the quarter ending on 30-SEP-2010.

30-09-2011 Itc Limited has informed the Exchange that the Company has acquired the entire shareholding of Russell Credit Limited (wholly owned subsidiary of the Company) in Wimco Limited (Wimco), comprising 9,12,38,170 equity shares of Rs.1/- each (i.e. 96.825% of Wimco's equity share capital). Consequently, Wimco has become a direct subsidiary of the Company with effect from September 29, 2011.

28-07-2011 ITC Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 576747 lacs for quarter ending on 30-JUN-2011 against Rs. 481663 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 133272 lacs for the quarter ending on 30-JUN-2011 against Rs. 107031 lacs for the quarter ending on 30-JUN-2010.

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