- ITC Ltd‘s net income for the second quarter exceeded estimates, reaching 49.3 billion rupees, marking a 10% increase year on year.
- The estimated net income was 48.37 billion rupees.
- Revenue also surpassed predictions, totalling 177.1 billion rupees, a 3.2% rise year on year.
- Revenue was estimated to be 172.3 billion rupees.
- Total costs incurred by the company amounted to 120.87 billion rupees.
- Raw material costs constituted a significant portion of the total costs, coming in at 53.71 billion rupees.
- ITC Ltd recorded other income of 8.96 billion rupees.
- The company’s performance was generally well-received, with 34 buys, 3 holds, and no sells.
- All comparisons to past results are based on values reported by the company in its original disclosures.
A look at ITC Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
ITC Ltd, a member of the BAT Group of UK, has a diverse portfolio of products and services. The company’s long-term outlook is looking positive, as indicated by its Smartkarma Smart Scores. The scores show that ITC Ltd has a strong dividend yield, resilience, and a good overall outlook. The company also has a moderate growth score, and a low momentum score, which could indicate potential challenges ahead. However, with a solid dividend yield and resilience score, investors should remain confident in ITC Ltd‘s future prospects.
Overall, ITC Ltd has a strong long-term outlook based on its Smartkarma Smart Scores. With a diversified portfolio of products and services, a strong dividend yield, and good resilience, the company has the potential to remain a viable investment for the long run. Investors should take into account the lower momentum score, while remaining confident in the company’s future prospects.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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