ITC Limited (BOM: 500875)

ITC Limited Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	751,272	708,810	709,369	606,681	492,728	494,041
Other Revenue	80.4	-	-	-	-	-
Revenue	751,353	708,810	709,369	606,681	492,728	494,041
Revenue Growth (YoY)	6.91%	-0.08%	16.93%	23.13%	-0.27%	2.17%
Cost of Revenue	309,947	281,854	298,640	270,475	207,037	180,534
Gross Profit	441,405	426,956	410,729	336,206	285,691	313,507
Selling, General & Admin	83,913	80,756	73,322	62,627	59,083	55,640
Other Operating Expenses	91,649	84,216	80,709	67,554	56,025	64,699
Operating Expenses	194,960	183,135	172,122	147,505	131,564	136,787
Operating Income	246,445	243,821	238,607	188,701	154,127	176,719
Interest Expense	-538.2	-459.6	-432	-393.6	-445.8	-546.8
Interest & Investment Income	17,216	17,216	15,340	10,826	12,980	15,304
Earnings From Equity Investments	252.3	276.1	490.4	174.8	-69.2	82.2
Currency Exchange Gain (Loss)	77.9	77.9	370	522.1	-11.6	343.8
Other Non Operating Income (Expenses)	7,296	8,059	3,027	5,058	9,658	8,052
EBT Excluding Unusual Items	270,749	268,991	257,403	204,889	176,238	199,954
Gain (Loss) on Sale of Investments	1,925	1,925	1,067	1,957	3,700	2,279
Gain (Loss) on Sale of Assets	558.9	558.9	-47.6	558.9	-556.1	-566.8
Other Unusual Items	-117.6	-75.7	728.7	-	-	-1,321
Pretax Income	273,116	271,399	259,151	207,405	179,382	200,346
Income Tax Expense	64,829	63,885	64,384	52,373	45,553	44,418
Earnings From Continuing Operations	208,287	207,514	194,767	155,031	133,829	155,928
Minority Interest in Earnings	-2,884	-2,926	-2,851	-2,605	-2,217	-2,866
Net Income	205,402	204,588	191,917	152,427	131,612	153,062
Net Income to Common	205,402	204,588	191,917	152,427	131,612	153,062
Net Income Growth	1.76%	6.60%	25.91%	15.82%	-14.01%	21.55%
Shares Outstanding (Basic)	12,488	12,461	12,382	12,317	12,301	12,279
Shares Outstanding (Diluted)	12,509	12,489	12,414	12,322	12,302	12,293
Shares Change (YoY)	0.37%	0.60%	0.75%	0.16%	0.08%	-0.06%
EPS (Basic)	16.45	16.42	15.50	12.38	10.70	12.47
EPS (Diluted)	16.42	16.38	15.46	12.37	10.70	12.45
EPS Growth	1.37%	5.95%	24.98%	15.62%	-14.06%	21.58%
Free Cash Flow	130,809	136,163	161,346	136,339	106,903	122,485
Free Cash Flow Per Share	10.46	10.90	13.00	11.06	8.69	9.96
Dividend Per Share	7.500	13.750	12.750	11.500	10.750	10.150
Dividend Growth	-42.31%	7.84%	10.87%	6.98%	5.91%	76.52%
Gross Margin	58.75%	60.24%	57.90%	55.42%	57.98%	63.46%
Operating Margin	32.80%	34.40%	33.64%	31.10%	31.28%	35.77%
Profit Margin	27.34%	28.86%	27.05%	25.12%	26.71%	30.98%
Free Cash Flow Margin	17.41%	19.21%	22.74%	22.47%	21.70%	24.79%
EBITDA	264,713	260,854	255,736	204,944	169,581	192,093
EBITDA Margin	35.23%	36.80%	36.05%	33.78%	34.42%	38.88%
D&A For EBITDA	18,268	17,034	17,129	16,243	15,453	15,374
EBIT	246,445	243,821	238,607	188,701	154,127	176,719
EBIT Margin	32.80%	34.40%	33.64%	31.10%	31.28%	35.77%
Effective Tax Rate	23.74%	23.54%	24.84%	25.25%	25.39%	22.17%
Revenue as Reported	838,940	795,683	784,987	670,413	557,877	539,914
Advertising Expenses	-	14,395	11,732	9,956	10,896	10,007

Source: S&P Capital IQ. Standard template. Financial Sources.