Itc Ltd Q4fy23 Pat Up 23 4 At Rs5 175 Crore On Operating Profit Boost From Fmcg And Hotels

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

ITC Ltd Q4FY23 PAT up 23.4% at Rs5,175 crore on operating profit boost from FMCG and Hotels

ri-calendar-2-lineMay 18, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

ITC Ltd reported 7.35% higher revenues for the March 2023 quarter on consolidated basis at Rs19,058cr on improved traction across verticals. Revenues were up 0.2% sequentially. The cigarette business saw revenues grow 12.6% while FMCG grew 19.3%. Revenues from hotels almost doubled on sharp recovery in business. Revenues from paper business was flat while the revenues from agri business were lower on a yoy basis.

Operating profits for the quarter were up 21.06% in Q4FY23 at Rs6,517 crore. The share of cigarettes operating profits in the overall cake has fallen from the average of 85% to about 75% in this quarter. While operating profits of FMCG business more than doubled, the hotel industry saw operating profits turn around from losses to profit. Paper business reported flat operating profits on higher input costs and price pressure in the markets.

Financial highlights for Mar-23 compared yoy and sequentially

 ITC Ltd    

Rs in Crore

Mar-23

Mar-22

YOY

Dec-22

QOQ

Total Income (Rs cr)

₹ 19,058

₹ 17,754

7.35%

₹ 19,021

0.20%

Operating Profit (Rs cr)

₹ 6,517

₹ 5,383

21.06%

₹ 6,567

-0.76%

Net Profit (Rs cr)

₹ 5,175

₹ 4,196

23.35%

₹ 5,007

3.37%

 

 

 

 

 

 

Diluted EPS (Rs)

₹ 4.15

₹ 3.40

 

₹ 4.03

 

OPM

34.19%

30.32%

 

34.52%

 

Net Margins

27.16%

23.63%

 

26.32%

 

 

Operating margins in the quarter improved from 30.32% to 34.19% on a yoy basis while the net profits improved from 23.63% to 27.16% on a yoy basis. Most of the profit growth was driven by the operating boost from FMCG and hotels, while cigarettes remained steady. The board recommended a special dividend of Rs2.75 per ordinary share on top of Rs6.75 final dividend on the stock. For FY23 overall, the dividend paid was Rs15.50 per share.

Related News

News Thumbnail
Quarterly Result

BLS's Q2FY24 Financial Performance Review

2 mins read. November 6, 2023 at 08:56 AM

News Thumbnail
Quarterly Result

Interglobe Aviation's Q2FY24 Financial Performance Review

2 mins read. November 3, 2023 at 11:31 AM

News Thumbnail
Quarterly Result

Titan's Q2FY24 Financial Performance Review

2 mins read. November 3, 2023 at 10:59 AM

News Thumbnail
Quarterly Result

Zomato's Q2FY24 Financial Performance Review

3 mins read. November 3, 2023 at 09:50 AM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions