Finally ITC company posted their ITC Q1 Results 2022 today, Here is the all-over review of TATA’s owned company financials.
ITC Limited is an Indian conglomerate and one of India’s foremost private sector companies. Sanjiv Puri is the Chairman & Managing Director of ITC Limited.
ITC Q1 Results 2022
ITC Q1 Results is now out. ITC reported 38% jump in net profit with Rs 4169 crore. This result is for Q ending June 2022. ITC posted Rs 3013 crore profit in previous period.
ITC Q1 results 2022 beats estimates. Revenue increased to 41% for the quarter and YoY to Rs 18,320 crore from the Rs 12,959 crore in the corresponding quarter last year.
Ebitda for the quarter stood at Rs 5,646 crore. Margin for the quarter is at Es 32%. ET Polls and CNBC estimate was also near. 29% jump also reported in cigarette business.
Details:
- FMGC revenue is at Rs 4,451 crore compared to Rs 3,725 crore, up 19%.
- Hotels Revenue Rs 554 crores compared to Rs 128 Crores, Up 332%
- Paper Segment revenue Rs 2,267 crores compared to Rs 1,583 crores, Up 43%
ITC Share Price
ITC share price end at Rs 307.80, up 1.57% today. ITC stock price is near at all time high. 32% returns give by ITC in 1 month.
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Buy, Sell Or Hold ITC Share?
ITC share is near to all time high. ITC also posted good results today. Many organizations and persons give green signal for buying ITC.
You can hold and buy ITC share, if you saw good technical charts. You must use stop loss. World recession, Russia-Ukraine and other factors can put effect on stock price.
Note: Some reports may be up-down. You should check official website for more info. We are not providing any tips.
