Sunday, December 25, 2011

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


ITS LTD

RESULTS FOR
2ND 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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