ITC second quarter results live broadcast: profit increased by 1.94% year-on-year

ITC second quarter results live broadcast: ITC announced its second quarter results on October 24, 2024. Revenue increased by 15.63% year-on-year, and profit increased by 1.94%. Although profits fell slightly from the previous quarter, the company’s performance still showed strong growth.

Compared with the previous quarter, ITC’s revenue increased by 11.24%, but its profit fell by 1.94%. This suggests that while the company’s revenue figures continue to grow, profitability performance has been mixed.

The company’s selling, general and administrative expenses decreased by 2.4% month-on-month and increased by 8.28% year-on-year. This suggests that ITC is managing its costs more effectively in the short term.

ITC’s operating income decreased by 0.1% month-on-month, but increased by 3.98% year-on-year. This reflects the company’s ability to maintain operational efficiency over the long term.

Second quarter earnings per share (EPS) were $3.99, a year-on-year increase of 1.8%. Earnings per share growth is a positive sign to investors, indicating solid financial performance.

In terms of stock performance, ITC returned -3.52% last week, but has returned 7.8% over the past six months and 2.08% year-to-date. This mixed performance may affect investor sentiment in the short term.

As of October 25, 2024, ITC’s market capitalization is $590,082.2 Cr, a new 52-week high $528.5 and minimum $399.35. The stability of the stock price may provide current and potential investors with a sense of peace of mind.

Out of 35 analysts covering the company, 1 analysts rate the stock with a sell rating, 3 assign it a hold rating, 20 recommend a buy and 11 assign it a strong buy rating. As of October 25, 2024, the consensus recommendation is Buy, underscoring ITC’s overall positive outlook.