ITC Ltd. Q3 FY2024 results: revenue ₹19,484 crore, up 2.4% on the year
ITC Ltd. (ITC) reported consolidated revenue from operations of ₹19,484 crore for Q3 FY2024, the quarter ended 31 December 2023, up 2.4% on the same quarter a year earlier. Profit after tax was ₹5,407 crore, up 6.4% on the year, and earnings per share ₹4.28. The figures are the company's own, from the unaudited results it filed with NSE on 29 January 2024.
The quarter, against the one before and a year earlier
| Line | Q3 FY2024 | Q2 FY2024 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 19,484 | 19,270 | n/a | n/a |
| Other income | 657 | 665 | n/a | n/a |
| Total income | 20,141 | 19,935 | n/a | n/a |
| Cost of materials consumed | 5,716 | 5,452 | n/a | n/a |
| Purchases of stock-in-trade | 1,579 | 1,280 | n/a | n/a |
| Changes in inventories | -253 | 337 | n/a | n/a |
| Employee benefit expense | 1,586 | 1,508 | n/a | n/a |
| Finance costs | 14 | 10 | n/a | n/a |
| Depreciation, depletion and amortisation | 459 | 453 | n/a | n/a |
| Other expenses | 4,352 | 4,239 | n/a | n/a |
| Total expenses | 13,454 | 13,279 | n/a | n/a |
| Profit before exceptional items and tax | 6,688 | 6,656 | n/a | n/a |
| Exceptional items | -6 | 0 | n/a | n/a |
| Profit before tax | 6,682 | 6,656 | n/a | n/a |
| Current tax | 1,239 | 1,643 | n/a | n/a |
| Deferred tax | 43 | 57 | n/a | n/a |
| Total tax | 1,282 | 1,700 | n/a | n/a |
| Profit after tax | 5,407 | 4,965 | n/a | n/a |
| Attributable to owners of the parent | 5,335 | 4,898 | n/a | n/a |
| Other comprehensive income | 299 | 13 | n/a | n/a |
| Total comprehensive income | 5,705 | 4,978 | n/a | n/a |
| EPS, basic | ₹4.28 | ₹3.93 | n/a | n/a |
| EPS, diluted | ₹4.26 | ₹3.92 | n/a | n/a |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19,270 | 19,484 | 19,446 | 20,030 | 22,282 | 20,350 | 20,376 | 23,129 | 21,256 | 21,707 | 23,821 | 29,523 |
| Expenses | 13,279 | 13,454 | 13,294 | 13,791 | 16,057 | 14,414 | 14,279 | 16,752 | 15,016 | 15,274 | 17,348 | 24,810 |
| Operating profit | 6,454 | 6,504 | 6,626 | 6,748 | 6,762 | 6,362 | 6,519 | 6,816 | 6,695 | 6,883 | 6,924 | 5,181 |
| OPM % | 33% | 33% | 34% | 34% | 30% | 31% | 32% | 29% | 31% | 32% | 29% | 18% |
| Other income | 665 | 657 | 684 | 695 | 616 | 596 | 640 | 682 | 584 | 574 | 585 | 656 |
| Interest | 10 | 14 | 13 | 11 | 16 | 10 | 11 | 16 | 20 | 19 | 29 | 40 |
| Depreciation | 453 | 459 | 461 | 499 | 520 | 416 | 411 | 423 | 435 | 431 | 422 | 428 |
| Exceptional items | 0 | -6 | -2 | -3 | -1 | 0 | 0 | 0 | 88 | -355 | -25 | 406 |
| Profit before tax | 6,656 | 6,682 | 6,834 | 6,930 | 6,840 | 6,532 | 6,738 | 7,059 | 6,912 | 6,652 | 7,033 | 5,775 |
| Tax % | 26% | 19% | 24% | 25% | 26% | 26% | 25% | 25% | 26% | 26% | 24% | 23% |
| Net profit | 4,965 | 5,407 | 5,191 | 5,177 | 5,054 | 5,013 | 19,808 | 5,343 | 5,187 | 5,018 | 5,470 | 4,509 |
| EPS in ₹ | ₹3.93 | ₹4.28 | ₹4.10 | ₹4.08 | ₹3.99 | ₹3.95 | ₹4.05 | ₹4.19 | ₹4.09 | ₹3.94 | ₹4.30 | ₹3.51 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 31 December 2023, filed with NSE on 29 January 2024: the result statement. All of ITC Ltd.'s results: NSE company page.
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