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ITC after Q2 earnings: Should you buy, sell, or hold the stock?

The company has reported a standalone profit after tax of Rs 3,697 crore for the second quarter, a rise of 14 percent over last year.

October 28, 2021 / 09:43 AM IST
 
 
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The ITC share price fell 2 percent in the opening trade on October 28 after the company posted its second quarter earnings.

Cigarettes-to-hotels conglomerate on October 27 declared its results for the second quarter ending September 30, 2021.

It has reported a standalone post-tax profit of Rs 3,697 crore for the quarter, increasing 14 percent from Rs 3,253 crore reported in the same quarter last year and 23 percent from Rs 3,013 crore posted in the June quarter.

The standalone revenues came in higher at Rs 13,553 crore for the quarter, an increase of 12 percent, compared to Rs 12,103 crore reported in the September 2020 quarter and by 5 percent from Rs 12,959 crore reported in the June quarter this year.