ITC share price plunges 5% after Q3 results; key things to know

- Best Investment Advisor in India
- Business
- Commodity Market
- Currency
- Equity Market
- FII based calls
- Foreign Markets
- Genuine stock tips provider
- Intraday trading tips
- Intraday trading tips & Strategies
- Investment adviser
- Investments
- IT Industry
- Most accurate stock tips provider
- News
- NSE F&O
- Operator based calls
- Politics
- Portfolio Management Services
- promotions
- SEBI Registered advisory company
- Stock Market
- Uncategorized
Shares of India’s major FMCG giant ITC plunged in trade on Wednesday, after the firm reported Q3 results for the latest quarter. ITC share price slumped by more than 4% on BSE to close at Rs 277.70. ITC has reported a 3.84% on-year rise in standalone net profit to Rs 3,209.07 crore for the third quarter ended December 31, 2018, as compared to Rs 3,090.20 crore in the comparable quarter previous fiscal.
Gross revenue from sales was up 15.09% to Rs 11,340.15 crore as against Rs 9,852.74 crore in the previous year. The profit is seen to be slightly below the Rs 3,129 crore consensus estimate of analysts tracked by Bloomberg. Cigarette business, which contributed more than 40% to total revenue, posted a strong growth of 9.6% to Rs 5,074 crore in Q3FY19. Total expenses stood at Rs 7,446.46 crore as against Rs 6,377.90 crore in the December quarter of 2017.
Notably, the firm’s hotel business saw a robust underlying growth of 29% in excluding gestation cost of new properties. “Recently commissioned hotels – ITC Kohenur and ITC Grand Goa, Resort & Spa, continue to receive excellent response from discerning guests, setting new standards in service excellence,” the firm said in a its stock exchange filing.
Paperboards, Paper & Packaging Segment continued its strong growth with net profit rising 24% driven by product mix enrichment, higher realisation, strategic investments in imported pulp substitution, process innovation leading to improved pulp yield and benefits of cost-competitive fibre chain. “Segment EBITDA at Rs. 173.38 crores posted strong growth of 42% on the back of enhanced scale, product mix enrichment and cost management initiatives, notwithstanding increase in input costs, sustained investments in brand building, gestation costs of new categories and start-up costs of new facilities,” noted the firm.
- To know more about us or our services,
- kindly visit www.buildcaps.com
- Best Investment adviser in India & Genuine Stock advisory company.
#1 stock adviser in India Accurate stock tips provider Best Equity Portfolio Management Best Intraday calls provider Best Intraday Tips Best Intraday tips provider Best Investment adviser in India Best SEBI registered advisory company Best SEBI registered stock advisory company Best stock advisor Best stock advisor websites Best stock advisory company in India Best stock tips provider in india Genuine stock market tips provider India’s top rated advisory company Most successful stock advisors in india Operator based sureshot calls Reliable Stock tips provider Reliable stock tips provider in stock market Stock Market tips Top rated Portfolio Management services Top rated SEBI registered stock advisory firms
Archives
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- March 2023
- February 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
Categories
- Best Investment Advisor in India
- Business
- Commodity Market
- Currency
- Equity Market
- FII based calls
- Foreign Markets
- Genuine stock tips provider
- Intraday trading tips
- Intraday trading tips & Strategies
- Investment adviser
- Investments
- IT Industry
- Most accurate stock tips provider
- News
- NSE F&O
- Operator based calls
- Politics
- Portfolio Management Services
- promotions
- SEBI Registered advisory company
- Stock Market
- Uncategorized
Calender
M | T | W | T | F | S | S |
---|---|---|---|---|---|---|
1 | 2 | |||||
3 | 4 | 5 | 6 | 7 | 8 | 9 |
10 | 11 | 12 | 13 | 14 | 15 | 16 |
17 | 18 | 19 | 20 | 21 | 22 | 23 |
24 | 25 | 26 | 27 | 28 |