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ITC Q3 result

The company has reported revenue of Rs.11787 crores during the period ended December 31, 2020 as compared to Rs.11806 crores during the period ended December 31, 2019. OPM during the same period fell 300 bps to 36%. The company has posted net profit of Rs.3663 crores for the period ended December 31, 2020 as against net profit of Rs.4142 crores for the period ended December 31, 2019.

Revenue from cigarette segment rose 3.5 per cent to Rs 5,498 crore, while that from FMCG - Others segment, which excludes cigarette business, rose 7.5 per cent to Rs 3,562 crore. The EBITDA of FMCG - Others segment rose 28 per cent to Rs 326 crore, while its margin expanded 150 basis points to 9.2 per cent on higher operating leverage, enhanced operational efficiencies, portfolio premiumisation and product mix enrichment.

"The significant surge in demand for staples and convenience foods witnessed during the lockdown phase ebbed during the quarter with consumers broadening their purchase assortment and lower 'at-home' consumption on the back of increased mobility," ITC said.

While revenue from hotels segment, hit severely by the coronavirus pandemic, declined 57.4 per cent to Rs 235 crore, paperboard, paper and packaging segment saw a 5 per cent fall in revenue at Rs 1,478 crore. However, agri business revenue jumped 18.5 per cent to Rs 2,482 crore, driven by higher wheat supplies for Aashirvaad atta and trading opportunities in rice, soya and wheat exports.

On a consolidated basis, ITC's net profit declined 11.3 per cent to Rs 3,527 crore. The company's board also declared an interim dividend of Rs 5 per share.

Ashok Leyland Q3 result

On a consolidated basis, the company has reported revenue of Rs.5954 crores during the period ended December 31, 2020 as compared to Rs.5189 crores during the period ended December 31, 2019. OPM during the same period fell 100 bps to 13%. The company has posted net profit of Rs.14 crores for the period ended December 31, 2020 as against net profit of Rs.27 crores for the period ended December 31, 2019.

MRF Q3 result

On a consolidated basis, the company has reported revenue of Rs.4642 crores during the period ended December 31, 2020 as compared to Rs.4076 crores during the period ended December 31, 2019. OPM during the same period rose 600 bps to 21%. The company has posted net profit of Rs.521 crores for the period ended December 31, 2020 as against net profit of Rs.241 crores for the period ended December 31, 2019.

UFLEX Q3 result

On a consolidated basis, the company has reported revenue of Rs.2105 crores during the period ended December 31, 2020 as compared to Rs.1793 crores during the period ended December 31, 2019. OPM during the same period rose 500 bps to 20%. The company has posted net profit of Rs.160 crores for the period ended December 31, 2020 as against net profit of Rs.85 crores for the period ended December 31, 2019.

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