ITC profit increased 21.44% in (Q2) FY 2019-20

Source

Team Infinities:

ITC Limited NSE Symbol:ITC, BSE Security Code:500875 has declared its 2nd(second) quarter un-audited Consolidated financial report from the month of July, 2019 to the month of September, 2019; for the fiscal year 2019-20.

Revenue Reported by ITC Limited for Second Quarter FY, 2019-20
Current Quarter (July, 2019 - September, 2019)Previous Quarter (April, 2019 - June, 2019)Corresponding Quarter (July, 2018 - September, 2018)6 Months Ended (April, 2019 - September, 2019)Corresponding 6 Months Ended (April, 2018 - September, 2018)
134.97133.05126.59268.02249.65
Calculated Revenue of ITC Limited for Second Quarter FY, 2019-20
Current(September, 2019) VS Previous(June, 2019)Current(September, 2019) VS Corresponding(September, 2018)6 months Ended(April, 2019 - September, 2019) VS Corresponding 6 months Ended(April, 2018 - September, 2018)
ChangeChange %ChangeChange %ChangeChange %
1.921.44%(Revenue Increase)8.386.62%(Revenue Increase)18.377.36%(Revenue Increase)

Revenue: ITC Limited's financial report shows that the company's revenue increased by 1.44% in QoQ(Quarter on Quarter) / current quarter(July, 2019 - September, 2019) for revenue increase of Rs.1.92 billions, as the company posted revenue of Rs.134.97 billions; in compare to previous quarter(April, 2019 - June, 2019) when the company reported revenue of Rs.133.05 billions.
The result also shows that the company's revenue increased by 6.62% in YoY(Year over Year) / in current quarter(July, 2019 - September, 2019) for revenue increase of Rs.8.38 billions; in compare to corresponding quarter(July, 2018 - September, 2018) when the company posted revenue of Rs.126.59 billions.
The company also reported that its revenue increased by 7.36% in 6 months end(April, 2019 - September, 2019) for revenue increase of Rs.18.37 billions, since the company reported revenue of Rs.268.02 billions; in compare to corresponding 6 months end(April, 2018 - September. 2018) when the company posted revenue of Rs.249.65 billions.

Gross Margin(%) Reported by ITC Limited for Second Quarter FY, 2019-20
Current Quarter (July, 2019 - September, 2019)Previous Quarter (April, 2019 - June, 2019)Corresponding Quarter (July, 2018 - September, 2018)6 Months Ended (April, 2019 - September, 2019)Corresponding 6 Months Ended (April, 2018 - September, 2018)
69.4855.3064.1462.4563.26
Calculated Gross Margin(%) of ITC Limited for Second Quarter FY, 2019-20
Current(September, 2019) VS Previous(June, 2019)Current(September, 2019) VS Corresponding(September, 2018)6 months Ended(April, 2019 - September, 2019) VS Corresponding 6 months Ended(April, 2018 - September, 2018)
ChangeChange %ChangeChange %ChangeChange %
14.1825.65%(GM Increase)5.358.34%(GM Increase)0.811.27%(GM Decrease)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM increased by 25.65% in QoQ(Quarter on Quarter) / current quarter(July, 2019 - September, 2019) for 14.18% GM increase, as the company reported 69.48% GM; in compare to previous quarter(April, 2019 - June, 2019) when the company reported 55.30% GM.
The result also indicates, the company's GM increased by 8.34% in YoY(Year over Year) / in current quarter(July, 2019 - September, 2019) for 5.35% GM increase; in compare to corresponding quarter(July, 2018 - September, 2018) when the company reported 64.14% GM.
The company also reported that its GM decreased by 1.27% in 6 months end(April, 2019 - September, 2019) for 0.81% GM decrease, since the company reported 62.45% GM; in compare to corresponding 6 months end(April, 2018 - September. 2018) when the company reported 63.26% GM.

EBITDA Reported by ITC Limited for Second Quarter FY, 2019-20
Current Quarter (July, 2019 - September, 2019)Previous Quarter (April, 2019 - June, 2019)Corresponding Quarter (July, 2018 - September, 2018)6 Months Ended (April, 2019 - September, 2019)Corresponding 6 Months Ended (April, 2018 - September, 2018)
54.7255.8649.00110.5798.67
Calculated EBITDA of ITC Limited for Second Quarter FY, 2019-20
Current(September, 2019) VS Previous(June, 2019)Current(September, 2019) VS Corresponding(September, 2018)6 months Ended(April, 2019 - September, 2019) VS Corresponding 6 months Ended(April, 2018 - September, 2018)
ChangeChange %ChangeChange %ChangeChange %
1.142.04%(EBITDA Decrease)5.7211.67%(EBITDA Increase)11.9012.06%(EBITDA Increase)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA decreased by 2.04% in QoQ(Quarter on Quarter) / current quarter(July, 2019 - September, 2019) for EBITDA decrease of Rs.1.14 billions, as the company posted EBITDA of Rs.54.72 billions; in compare to previous quarter(April, 2019 - June, 2019) when the company reported EBITDA of Rs.55.86 billions.
The result also shows that the company's EBITDA increased by 11.67% in YoY(Year over Year) / in current quarter(July, 2019 - September, 2019) for EBITDA increase of Rs.5.72 billions; in compare to corresponding quarter(July, 2018 - September, 2018) when the company posted EBITDA of Rs.49.00 billions.
The company also reported that its EBITDA increased by 12.06% in 6 months end(April, 2019 - September, 2019) for EBITDA increase of Rs.11.90 billions, since the company reported EBITDA of Rs.110.57 billions; in compare to corresponding 6 months end(April, 2018 - September. 2018) when the company posted EBITDA of Rs.98.67 billions.

Profit and Loss Reported by ITC Limited for Second Quarter FY, 2019-20
Current Quarter (July, 2019 - September, 2019)Previous Quarter (April, 2019 - June, 2019)Corresponding Quarter (July, 2018 - September, 2018)6 Months Ended (April, 2019 - September, 2019)Corresponding 6 Months Ended (April, 2018 - September, 2018)
41.74(Profit )34.37(Profit )30.45(Profit )76.10(Profit )60.94(Profit )
Calculated Profit and Loss of ITC Limited for Second Quarter FY, 2019-20
Current(September, 2019) VS Previous(June, 2019)Current(September, 2019) VS Corresponding(September, 2018)6 months Ended(April, 2019 - September, 2019) VS Corresponding 6 months Ended(April, 2018 - September, 2018)
ChangeChange %ChangeChange %ChangeChange %
7.3721.44%(Profit Increase)11.2937.08%(Profit Increase)15.1624.88%(Profit Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 21.44% in QoQ(Quarter on Quarter) / current quarter(July, 2019 - September, 2019) for profit increase of Rs.7.37 billions, as the company posted profit of Rs.41.74 billions; in compare to previous quarter(April, 2019 - June, 2019) when the company reported profit of Rs.34.37 billions.
The result also shows that the company's profit increased by 37.08% in YoY(Year over Year) / in current quarter(July, 2019 - September, 2019) for profit increase of Rs.11.29 billions; in compare to corresponding quarter(July, 2018 - September, 2018) when the company posted profit of Rs.30.45 billions.
The company also reported that its profit increased by 24.88% in 6 months end(April, 2019 - September, 2019) for profit increase of Rs.15.16 billions, since the company reported profit of Rs.76.10 billions; in compare to corresponding 6 months end(April, 2018 - September. 2018) when the company posted profit of Rs.60.94 billions.

EPS Reported by ITC Limited for Second Quarter FY, 2019-20
Current Quarter (July, 2019 - September, 2019)Previous Quarter (April, 2019 - June, 2019)Corresponding Quarter (July, 2018 - September, 2018)6 Months Ended (April, 2019 - September, 2019)Corresponding 6 Months Ended (April, 2018 - September, 2018)
3.352.742.466.094.90
Calculated EPS of ITC Limited for Second Quarter FY, 2019-20
Current(September, 2019) VS Previous(June, 2019)Current(September, 2019) VS Corresponding(September, 2018)6 months Ended(April, 2019 - September, 2019) VS Corresponding 6 months Ended(April, 2018 - September, 2018)
ChangeChange %ChangeChange %ChangeChange %
0.6122.26%(EPS Increase)0.8936.18%(EPS Increase)1.1924.29%(EPS Increase)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 22.26% in QoQ(Quarter on Quarter) / current quarter(July, 2019 - September, 2019) for EPS increase of Rs.0.61, as the company posted EPS of Rs.3.35; in compare to previous quarter(April, 2019 - June, 2019) when the company reported EPS of Rs.2.74.
The result also shows that the company's EPS increased by 36.18% in YoY(Year over Year) / in current quarter(July, 2019 - September, 2019) for EPS increase of Rs.0.89; in compare to corresponding quarter(July, 2018 - September, 2018) when the company posted EPS of Rs.2.46.
The company also reported that its EPS increased by 24.29% in 6 months end(April, 2019 - September, 2019) for EPS increase of Rs.1.19, since the company reported EPS of Rs.6.09; in compare to corresponding 6 months end(April, 2018 - September. 2018) when the company posted EPS of Rs.4.90.

Assets Reported by ITC Limited for Second Quarter FY, 2019-20
DetailsNon-current AssetsCurrent Assets
Current Quarter(September, 2019)Previous Year End(March, 2019)Current Quarter(September, 2019)Previous Year End(March, 2019)
Reported385.52400.51331.45317.47
 ChangeChange %ChangeChange %
Calculated14.993.74%(Assets Decrease)13.984.40%(Assets Increase)

Assets:The company reported its non-current assets decreased by 3.74% in current quarter(September, 2019) for non-current assets decrease of Rs.14.99 billions, since the company reported net non-current assets of Rs.385.52 billions; in compare to previous year end(March, 2019) when the company reported net non-current assets of Rs.400.51 billions.
The balance sheet of the company also shows that, its current assets increased by 4.40% in current quarter(September, 2019) for current assets increase of Rs.13.98 billions, as the company reported net current assets of Rs.331.45 billions; against previous year end(March, 2019) when the company reported net current assets of Rs.317.47 billions.

Liabilities Reported by ITC Limited for Second Quarter FY, 2019-20
DetailsNon-current LiabilitiesCurrent Liabilities
Current Quarter(September, 2019)Previous Year End(March, 2019)Current Quarter(September, 2019)Previous Year End(March, 2019)
Reported25.1623.02102.09100.12
 ChangeChange %ChangeChange %
Calculated2.149.30%(Liabilities Increase)1.971.97%(Liabilities Increase)

Liabilities:The company reported its non-current liabilities increased by 9.30% in current quarter(September, 2019) for non-current liabilities increase of Rs.2.14 billions, since the company reported net non-current liabilities of Rs.25.16 billions; in compare to previous year end(March, 2019) when the company reported net non-current liabilities of Rs.23.02 billions.
The balance sheet of the company also shows that, its current liabilities increased by 1.97% in current quarter(September, 2019) for current liabilities increase of Rs.1.97 billions, as the company reported net current liabilities of Rs.102.09 billions; against previous year end(March, 2019) when the company reported net current liabilities of Rs.100.12 billions.


***All amounts are given in Billion Indian Rupees(INR) except EPS (Earnings per share) which are in Indian Rupees(INR) only.***
Gross Margin=Total Revenue from Operations -(Cost of Materials Consumed + Purchases of stock-in-trade - Changes in inventories of finished goods, work-in-progress and stock-in-trade).
Gross Margin%=(Gross Margin / Total Revenue from Operations)*100.
EBITDA=Commission/Interest + Depreciation and Amortization + Tax + Profit/Loss (PAT).
1 Lac = 100,000.
1 Million = 10 Lacs.
1 Crore = 10 Millions.
1 Crore = 100 Lacs.
1 Billion = 1000 Millions.
1 Billion = 100 Crores.