418.7500 -1.45 (-0.35%)
NSE May 29, 2025 15:56 PM
Volume: 21.5M
High vol. this week

418.75
-0.35%
Reliance Securities
Results Largely In-line; Budget A Key Event to Watch Out For ITC has delivered largely an in-line performance in 3QFY18. While reported net revenues grew by 5.7% YoY to Rs96.7bn (vs. our estimate of Rs100.5bn), EBITDA increased by 10.4% YoY to Rs38.1bn (vs. our estimate of Rs37.4bn). Reported net profit surged by 16.8% YoY to Rs30.9bn (vs. our estimate of Rs28.3bn), mainly due to exceptional income of Rs4.1bn (Rs2.7bn post tax) pertaining to reversal of Entry Tax levied by Tamil Nadu following a favourable Supreme Court order. Adjusted for this, net profit came in line with our estimate. We expect ITC to post 9.6% revenue and 10.8% earnings CAGR through FY17-20E. Based on...
Number of MF schemes decreased from 432 to 51 in Mar 2025 qtr
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