ITC’s Q1FY25 Results
- 05 Aug 2024
- ITC reported a 7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a growth of 3%.
- Its expenses for the quarter were up by 11% QoQ and 4% YoY.
- The net profit decreased 0.2% QoQ and 0.3% YoY.
- The earnings per share (EPS) of ITC stood at 4.1 during Q1FY25.
ITC’s Financial Statements for Q1FY25:
| (₹ crores) | Q1FY24 | Q4FY24 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 20,130 | 19,362 | 20,724 | 7% | 3% |
Total expenses | 13,294 | 12,422 | 13,791 | 11% | 4% |
Profit before tax | 6,837 | 6,950 | 6,938 | -0.2% | 1% |
Tax | 1,647 | 1,760 | 1,761 | 0.1% | 7% |
Profit after tax | 5,191 | 5,190 | 5,177 | -0.2% | -0.3% |
Earnings per share | 4.1 | 4.1 | 4.1 |
Financials:
- Revenue Growth: ITC’s total income for Q1FY25 increased to ₹20,724 crores, marking a 3% increase year-on-year (YoY) from Q1FY24.
- Revenue from Operations: The company's revenue increased 7.45% year over year, reaching ₹20,029.60 crores compared to ₹18,639.48 crores in the corresponding quarter last year.
- Profit Before Tax: The profit before tax for Q1FY25 was ₹6,938 crores, which is a slight decrease of 0.2% QoQ but up by 1% YoY.
- Profit After Tax: The profit after tax stood at ₹5,177 crores, a marginal decline of 0.2% QoQ and 0.3% YoY.
- Earnings Per Share (EPS): EPS remained steady at ₹4.1 for Q1FY25, unchanged from YoY.
- EBITDA: ITC's consolidated EBITDA for Q1FY25 stood at ₹6,295 crores, up 0.7% from ₹6,250 crores in the same period in FY24.
Management Commentary:
In a statement, the company said,
-
“While private consumption expenditure remains relatively subdued, the Indian economy continues to be extremely resilient amidst a global growth slowdown due to multi-dimensional and purposeful policy interventions by the Government, with sustained public expenditure in creating physical, digital, agri, and rural infrastructure.
-
Gross revenue was recorded at ₹19912.10 crores, driven by Hotels, Value Added Agri products and Leaf Tobacco. FMCG – Others and Cigarettes delivered resilient performance amidst subdued demand conditions. While green shoots of demand recovery emerged during the quarter in the Paperboards, Paper, & Packaging segment, performance remained impacted largely due to cheap Chinese supplies in international markets, including India and a surge in domestic wood prices.”
Data Source: BSE, Company announcements
The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results.
