The company scaled up network of rural stockists to counter disruption in the wholesale channel. The situation continues to improve with the progressive easing of restrictions from September’20," the Kolkata-headquartered diversified conglomerate said. ITC's revenue from FMCG business rose to ₹8916.25 crore from ₹8615.14 crore in the same quarter last year. Updated: 06 Nov 2020, 09:06 PM IST Written By Anulekha Ray ITC Consolidated June 2020 Net Sales at Rs 9,774.07 crore, down 22.78% Y-o-Y. ITC Ltd.’s quarterly profit fell led by lower sales of cigarettes. Updated Nov 06, 2020 | 22:20 IST Its revenue from hotels business fell to Rs 81.96 crore from Rs 426.63 crore in the year before. The decrease in revenues was driven by a … The revenue from cigarettes dropped to ₹5,121.30 crore from ₹5,326.83 crore a year ago. In case you can’t find any email from our side, please check the spam folder. That compares with the Rs 3,237-crore consensus estimate of analysts tracked by Bloomberg. Ensuring employee safety and maintaining supply chains remain top priorities / Group sales decline by 2.5 percent (Fx & portfolio adj.) Aparna Deb . ITC Q2 profit falls 20% to Rs 3,232 crore; FMCG jumps 15%. Capital Market Presentation Q2 2020 PDF (2.72 MB) - Jul 23, 2020 . Remove some to bookmark this image. Cost cuts saved about half of controllable cash fixed costs, the company said. Shares of ITC closed 0.5% lower on Friday ahead of its earnings announcement. Total revenue from aproducts and services rose to 11,891.9 crore in the September quarter from ₹11,750 crore a year ago. IR-Release: Daimler reports second-quarter 2020 results PDF (0.15 MB) - Jul 23, 2020 . However, the company said, wide availability of smuggled cigarettes continues to remain a challenge for the legal industry which has witnessed significant reduction in volumes in recent years. View in App; Will Infosys Q2 results 2020 beat estimates? November 7, 2020 3,417.5 cr: ICICI Direct. By: FE Online | November 9, 2020 10:50 AM. Paper-boards segment revenue declined 6.8% to Rs 1,459 crore. ITC Q2 Results: Net profit drops 20% at Rs 3,232.40 crore, below St estimates 06 Nov, 2020, 09.01 PM IST ITC's revenue from operations rose a mere 0.1 per cent to Rs 11,976.75 crore. Demand improved after the nation—fighting a rare recession—restarted most activities to boost sentiment and growth. ITC Q2 PAT may dip 15.1% YoY to Rs. “The operating environment remained extremely challenging during the quarter with the unabated increase in daily covid cases prompting several states to impose localized lockdowns. 2018 ITC LECTURE SLIDES 2018 AUDITING LECTURE SLIDES ITC … Net operating loss from the same quarter last year decreased from $1,049,412 in Q2 2019 to $789,032 in Q2 2020, primarily attributed to a decrease in professional fees, salaries and wages, and selling, general, and administrative expenses. "This, along with sharp targeting of rural markets in certain states that witnessed reverse migration due to the pandemic, led to strong growth in rural sales.”. July 21, 2020 04:07 PM Eastern Daylight Time. Elie Girard, CEO, said: ... Public Sector & Defense revenue was € 1,216 million, up +6.1% organically, accelerating in Q2 2020 to reach +9.0%. ITC shares fall after Q2 results; cigarette volumes still to recover, FMCG sales thrive. Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, today announced results for its third quarter ending September 30, 2020. ITC Q2 results: Net profit drops 20% to ₹ 3,232 cr; revenue from hotel biz fall to ₹ 81.96 cr 1 min read . The decline came partly because of restricted hours of convenience stores during the quarter. ITC on Friday reported a 19.65% year-on-year drop in standalone net profit to ₹3,232.40 crore. Easing of restrictions from September has increased the ability of ITC to service markets and address emerging demand. Companies. 27.07.2020 Investor News August 04, 2020. GAAP Results for the Third Quarter 2020 Revenue for the third quarter of $103.8 million, up 30 percent year-over-year and up 6 percent from the second quarter of 2020. Updated: Wed, Oct 14, 2020 12:46 pm . ITC Ltd.’s quarterly profit fell led by lower sales of cigarettes.Net profit of the maker of Gold Flake cigarettes declined 20% year-on-year to Rs 3,232 crore in the quarter ended September, according to an exchange filing. No late applications will be accepted for conditions that existed before 20 October 2019. Looks like you have exceeded the limit to bookmark the image. High Specification Rigs segment revenue decreased by $23.5 million, to $11.4 million in Q2 from $34.9 million in Q1 2020. It'll just take a moment. 4.35 pm | 14 Oct 2020 | Source: Moneycontrol.com. Agri-business revenue rose 12.7% to Rs 2,985 crore. Net profit of the maker of Gold Flake cigarettes declined 20% year-on-year to Rs 3,232 crore in the quarter ended September, according to an exchange filing. Bloomberg | Quint is a multiplatform, Indian business and financial news company. Net Sales are expected to decrease by 2.3 percent Y-o-Y (up 22.9 percent Q-… ITC, the Kolkata-headquartered diversified conglomerate, is slated to announce its September quarter results (Q2FY21) on Friday, November 6. All details by CLSA, Citi, Macquarie, others ahead of announcement. Hotels revenue fell 80.7% to Rs 82 crore. That compares with a 1.2% rise in the benchmark Nifty 50 Index. Exam Statistics are available for Part I and Part II Financial Management can be found on this page. Sale of goods through the modern trade or hypercities and supermarkets grew at a slower pace as people preferred neighbourhood stores. Copyright © HT Digital Streams Limited All rights reserved. You are now subscribed to our newsletters. Revenue from the agri-business surged to ₹2985.2 crore from ₹2647.52 crore in the year ago period. ITC posted a 20% fall in standalone net profit to Rs 3232.40 crore in Q2 September 2020 from Rs 4023 crore reported in Q2 September 2019. Daily increase in Covid-19 cases during the quarter ended September pushed several stated to impose localised lockdowns, impacting the recovery momentum, particularly in July and August, ITC said in its statement. Sales on the other hand came in at Rs 120 bn (up 0.9% YoY). Massive expectations! A packet of India Kings cigarette manufactured by ITC Ltd. (Photographer: Amit Bhargava/Bloomberg). Revenue of the remaining FMCG business rose 15.4% to Rs 3,795 crore. Exports grew. ITC Q2 result: ITC Q2 profit jumps 36% YoY to Rs 4,023 crore, beats Street estimates - The Economic Times ITC Q2 profit jumps 36% YoY to Rs 4,023 crore, beats Street estimates Atos, a global leader in digital transformation, today announced its financial results for the first half of 2020. The cigarette-to-hotels major posted a net profit of ₹4,023.10 crore in the same quarter last year. A Bloomberg poll of 15 analysts had predicted quarterly profit at Rs 3,236.70 crore. Your session has expired, please login again. The consolidate net profit in the quarter under review stood at ₹3,413.44 crore, down by 18.23% year-on-year. Mumbai, ZeeBiz WebDesk. ITC net profit falls 19.65% at Rs 3,232 in Q2. Log in to our website to save your bookmarks. HONOLULU, Aug. 14, 2020 /PRNewswire/ -- Cardax, Inc. (OTCQB:CDXI) reported its Q2 2020 results. HCL signs 5-year digital workplace services agreement with Airbus, BSE-listed companies' market-cap hits record high at, InnerHour raises $5.2 million led by Lightbox, US drugmaker Merck's Kenneth Frazier to step down as CEO, Its revenue from hotels business fell sharply to. While at-home consumption of essential products moderated as the lockdown restrictions were lifted, they still remain higher than pre-Covid levels. 06.11.2020. Highlights: Financial Results. ITC Announces Quarterly Results (1QFY21); Net Profit Down 26.2% (Quarterly Result Update) Jul 30, 2020 | Updated on Jul 30, 2020 . What do you think of upcoming Infosys Q2 results 2020? About ITC. ITC's Quarterly Financial Results Archive from year 2000 ; ITC Sab Saath Badhein; Caution Notice; Caution Notice ; ITC Sab Saath Badhein ; ABOUT ITC. Updated summary for the business year 2020. For the quarter ended September 2020, ITC has posted a net profit of Rs 32 bn (down 19.7% YoY). Q2 2020 results Amsterdam, July 20, 2020 Philips delivers Q2 sales of EUR 4.4 billion, with 6% comparable sales decrease; income from continuing operations of EUR 213 million, Adjusted EBITA margin of 9.5% and operating cash flow of EUR 558 million Interim Report Q2 2020 PDF (2.83 MB) - Jul 23, 2020 . ITC net profit falls 19.65% at Rs 3,232 in Q2 | Photo Credit: BCCL . Revenue rose 1% year-on-year to Rs 11,977 crore. Goodwin + Follow Contact. Higher segment revenue was driven by trading opportunities in rice, mustard, coffee and higher wheat supplies for Aashirvaad atta. ITC's other operating revenue in Q2 decreased to ₹84.84 crore from ₹121.31 crore in the same quarter last year. Profit before tax (PBT) declined 11% to Rs 4,274.32 crore during the period under review. The special concession from the April 2021 sitting will be transferred automatically to the September 2021 ITC. EBITDA fell by 11% year on year to Rs 4,061 crore in Q2 September 2020 from Rs 4,562 crore in Q2 September 2019. Join our. Mark Davis, Patrick McCarthy, Ronald Pabis, Stephen Shahida, Darryl Woo. India announced a nationwide lockdown in the last week of March to prevent the COVID-19 spread. Healthcare Services Group, Inc. Reports Q2 2020 Results. This impacted the recovery momentum, particularly in the months of July and August, and posed significant challenges to sales operations. The hotel business has been severely impacted due to the coronavirus outbreak and lockdown. Operating profit stood at Rs 4,061 crore, down 11% from last year, while margin stood at 33.9% compared to 38.4% a year ago. India’s consumer goods makers, despite being classified an essential service, faced supply-chain and labour issues as the lockdown forced workers to migrate back to hinterlands. Restrictions on tourism and travel hurt this business, but occupancy and revenue continue to improve on a month-on-month basis. Q2 2020 Fact Sheet PDF (0.29 MB) - Jul 23, 2020 . The following slide deck was published by Varian Medical Systems, Inc. in conjunction with their 2020 Q2 earnings call.. LECTURES. ITC's total expenses stood at ₹9,164.68 crore in the September quarter, an increase of 8.39% compared to ₹8,455.16 crore in the same period a year ago. Click here to read the Mint ePaperMint is now on Telegram. Embed. November 06 2020, 9:33 PM November 07 2020, 6:05 AM. Group key figures in a five years comparison. That compares with the Rs 3,237-crore consensus estimate of analysts tracked by Bloomberg.Revenue rose 1% year-on-year to Rs 11,977 crore. ITC Ltd on Friday reported an 18.23 per cent drop in consolidated net profit to Rs 3,413.44 crore for the quarter ended September, 2020. K92 will host a conference call and webcast to present the 2020 Q2 Financial Results at 10:00 am (EDT) on Friday, August 14, 2020. Centrum Broking expects cigarette revenue to decline by 8 per cent. ITC Q2 results: Revenue from cigarettes increased by 5.98 per cent to Rs 5,326.83 crore, while from other businesses rose by 4.04 per cent to Rs 3,288.31 crore ITC aligned its supply chains with e-commerce as consumers opted to shop online, increasing the contribution from the channel to the revenue to more than 5%. Balta 2020 First Half Results Balta Q2 Trading Update modulyss achieves Cradle to Cradle Certified™ Gold level Q1 2020 Results Convocation of the Annual General Shareholders’ Meeting (AGM) and Extraordinary General Meeting (EGM) Impact Coronavirus on Balta Balta Group FY 2019 results now available Balta Trading Update Balta slashes transport related CO2 emissions by 72% with move to … While increased mobility is aiding economic activity, the company is also "sharply focusing on cost reduction measures". Cigarette segment’s revenue fell 3.8% year-on-year to Rs 5,121 crore. Outlook. Consumer offtake in pharma, homecare, packaged foods, personal care recovered to pre-Covid levels, while wedding cards, publication, and notebooks remain subdued. Net sales fell 3.81% to Rs 11,098.24 crore in Q2 September 2020 over Q2 September 2019. ITC’s Q2 net profit falls 18% to Rs 3,413 crore. The company on November 6 registered a 19.7 percent year-on-year decline in September quarter profit at Rs 3,232.4 crore, compared to Rs 4,023.1 crore in the same period last year. LinkedIn Facebook Twitter Send. ITC Ltd.’s Q2 FY21 results were broadly in-line.While approximately 12% decline in cigarette volumes was below our expectation of 7% decline, overall results were only marginally below expectations.The lower margin agriculture business grew faster than anticipated, partially offsetting the slower-than-estimated growth in the higher margin cigarettes business.Management indicated in its … Jul. Ashok Leyland share price to give up to 50 pct return; Budget 2021 holds key, say stock … Candidates who have lost the original letter (confirming they have passed one of the SAICA examinations) may request a duplicate copy of this letter on this page. ITC 337 Quarterly Insider Q2 2020. Analysts had pegged the metric at Rs 11,133 crore. 27.07.2020. 2020/2021 ITC Exam Dates and Communique 2020 November ITC Examination Registration Form Examination Rules - November 2020 Examinable Concepts Tax Important Note: SAICA is aware of Ramadan dates and has consulted widely on this matter and it was agreed to leave dates where as stipulated above. RELATED NEWS. Oops! Join Mint channel in your Telegram and stay updated with the latest business news. Read on for a complete analysis of ITC's quarterly results. Second quarter of 2020: Bayer: Solid performance despite COVID-19 impact. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. Shares of ITC settled at ₹173.95 on the BSE, marginally down from the previous close. But for ITC and its peers like Hindustan Unilever Ltd., Marico Ltd., Dabur India Ltd. and Godrej Consumer Products Ltd., full recovery will take some time. Listeners may access the conference call by dialing toll-free to 1-800-319-4610 within North America or +1-604-638-5340 from international locations. ITC Ltd.’s quarterly profit fell led by lower sales of cigarettes.Net profit of the maker of Gold Flake cigarettes declined 20% year-on-year to Rs 3,232 crore in the quarter ended September, according to an exchange filing. Missing BloombergQuint's WhatsApp service? Its revenue from hotels business fell sharply to ₹81.96 crore from ₹426.63 crore in the year before. Should unforeseen circumstances arise after 20 October 2019 application should be made by no later than 08 May 2020. The following slide deck was published by Tesla, Inc. in conjunction with their 2020 Q2 earnings call.. ... Tesla, Inc. 2020 Q2 - Results - Earnings Call Presentation. 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( OTCQB: CDXI ) reported Q2... ’ t find any email from our side, please check the spam folder HT digital Streams all... Profit falls 18 % to Rs of restricted hours of convenience stores during the period under stood...
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