trending Market Intelligence /marketintelligence/en/news-insights/trending/acBkYSUu1ppaK0dBnMkc6A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

ITC Q1'20 EPS misses estimates despite profit growth

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


ITC Q1'20 EPS misses estimates despite profit growth

ITC Ltd. on Aug. 2 reported weaker-than-expected earnings for the first quarter of fiscal 2020 despite posting growth in profit during the three months.

The Indian tobacco company posted first-quarter diluted EPS of 2.57 Indian rupees, up from 2.29 rupees in the year-ago period but below the S&P Global Market Intelligence consensus normalized EPS estimate of 2.63 rupees.

Profit for the three months to June 30 increased year over year to 31.74 billion rupees from 28.19 billion rupees, while total comprehensive income climbed to 29.61 billion rupees from 28.97 billion rupees.

Revenue from operations rose to 115.03 billion rupees from 108.75 billion rupees in the year-ago period, driven by growth across all of the company's business segments.

Revenue in ITC's fast-moving consumer goods segment totaled 84.93 billion rupees, while its hotel segment revenue came in at 3.92 billion rupees. The company's agribusiness segment revenue reached 36.11 billion rupees. Its paperboards, paper and packaging segment recorded 15.28 billion rupees in revenue.

As of Aug. 1, US$1 was equivalent to 68.94 Indian rupees.