ITC Q2 FY25 Results: Cigarettes-to-hotels conglomerate clinches Rs 5,078 crore profit, in line with estimates
ITC Q2 FY25 Results: Cigarettes-to-hotels conglomerate ITC on Thursday registered a 3.1 per cent rise in its net profit to Rs 5,078 crore for the July-September period, meeting analysts expectations.
ITC Q2 FY25 Results: Cigarettes-to-hotels conglomerate ITC on Thursday registered a net profit of Rs 5,078.3 crore for the quarter ended September 30, marking a year-on-year rise of 3.1 per cent that was along expected lines. Zee Business analysts had estimated the Kolkata-headquartered company's quarterly net profit at Rs 5,079 crore.
ITC Q2 FY25 Earnings | Top-line beats estimates
ITC reported revenue of Rs 19,328 crore for the second quarter of the current financial year, up 16.8 per cent over the corresponding period a year ago, according to a regulatory filing.
According to Zee Business research, ITC was estimated to register revenue of Rs 17,772 crore for the July-September period.
ITC Q2 FY25 Results | How the cigarettes-to-hotels conglomerate fared on the operational front
ITC logged Rs 6,335 crore in earnings before interest, taxes, depreciation and amortisation (EBITDA) for the September quarter, up 4.8 per cent on a year-on-year basis.
Its margin, a key measure of profitability, contracted to 32.7 per cent for the fiscal second quarter of FY25 from 36.5 per cent a year ago. That meant a fall of 380 basis points (bps) on a year-on-year basis.
ITC Share Price
Earlier on Thursday, ITC shares ended stronger by Rs 8.7, or 1.8 per cent, at Rs 471.9 apiece on BSE.
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