ITC Q2 PAT may rise 7% at Rs 1969 cr: KR Choksey
According to KR Choksey, ITC to report a 4 percent growth quarter-on-quarter (up 7 percent Y-o-Y) in net profit at Rs 1,969 crore.
October 24, 2013 / 19:03 IST
KR Choksey has come out with its second quarter (July-September) earnings estimates for the consumer sector. The brokerage house expects ITC to report a 4 percent growth quarter-on-quarter (up 7 percent Y-o-Y) in net profit at Rs 1,969 crore.
Revenues of ITC are expected to increase by 13 percent Q-o-Q (up 15 percent Y-o-Y) to Rs 8,339 crore, according to KR Choksey.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4 percent Q-o-Q (up 8 percent Y-o-Y) to Rs 2,904 crore.EBITDA margin or operating profit margin is likely to be at 35 percent in June quarter as against 38 percent in March quarter and 37 percent in a year ago period.KR Choksey's Report on ITC:Increase in price led to better realisation which will drive Topline growth. FMCG and Agri business growth due to better monsoon will drive EBITDA margins. Net Profit increased due to overall improvement on operating side.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
