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ITC - Q3FY13 Results Review First Cut - Microsec



Posted On : 2013-01-18 10:12:43( TIMEZONE : IST )

ITC - Q3FY13 Results Review First Cut - Microsec

ITC announced its Q3 FY13 results on 18Jan 2013.

The company's Total Income increased by 23% YOY to INR7712 crore YOY and its EBITDA increased by 20% YOY to INR2858 crore. EBITDA Margin of the company decreased from 37.9% to 37.1% YOY. Adjusted PAT increased by 21% YOY to INR2052crore. Result was above Estimates. Cigarettes business contributed 83.7% vs 81.4% yoy in the profit. Performance of hotel business was again disappointing as profit dipped 45% yoy.

At the CMP of INR288, the stock is trading at a P/E of 30.3x its FY13E EPS of INR9.5

Source : Equity Bulls

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