ITC Q3 Results, Dividend and Segment performance

ITC Limited has posted it's Q3 FY 23 results on 3rd February, 2023. 

The key financial metrics are tabulated below.

Rs. in Crores

Particulars	Q-3 FY 23	Q-3 FY 22	YOY Growth
Revenue from Operations	17,265	16,806	2.73%
Total Income	18,137	17,616	2.96%
EBITDA	6,223	5,102	21.97%
Profit  before tax(PBT)	6,677	5,492	21.58%
Profit after tax(PAT)	5,031	4,156	21.05%

Revenue from operations

The company recorded revenue from operations of Rs. 17,265 crores, an increase of 2.73% YOY. The company's hotel segment outperformed the others, while the agro business division has experienced decline in revenue.

 Net Profit

The company declared net profit (PAT) of Rs. 5,031 Crores, with an outstanding growth rate of 21.05% year over year. The Cigaratte division contributes significantly to the company's net profit.

 EBITDA

The EBITDA margin of the company rose by 21.97% YOY to Rs. 6,223  crores.

 Dividend

The Company has declared dividend of Rs. 6 per share. Check the important dates with respect to dividends below.

 

Dividend per share	Rs. 6/-
Record date	15th February, 2023
Payment date	3rd March 2023 to 5th March 2023

 

Segment wise revenue and results

(Rs. in Crores)

Segment	Q-3 FY 23	Q-3 FY 22	YOY Growth
FMCG Cigarattes
Revenue	7,288	6,244	16.72%
Profit	4,620	3,951	16.93%
FMCG Others
Revenue	4,841	4,090	18.36%
Profit	348	242	43.80%
Hotels
Revenue	712	473	50.53%
Profit	146	51	186.27%
Agri Business
Revenue	3,124	4,962	(36.21%)
Profit	391	295	32.54%
Paperboards, Paper and packaging
Revenue	2,305	2,046	12.65%
Profit	606	448	35.26%

         

About 40% of the company's sales come from cigarette sales, which also account for about 75% of the company's profits.

Even though the company's agribusiness revenue has declined, the company was still able to make excellent profits in this area. 

In the hotel sector, sales increased by 50% YOY while profits increased by 186% YOY. Its indeed a stellar performance in hotel sector.