Lets discuss on itc q3 results in 2023 date and time Update, The highly anticipated date for the announcement of ITC’s third quarter financial results for 2023 is fast approaching, and investors around the world are eagerly waiting to see what the company has in store. In this upcoming update, we will be covering everything you need to know about the release of ITC’s Q3 results, including the exact date and time of the announcement. From revenue growth to earnings per share, we will dive into all the key metrics that are likely to have an impact on the company’s stock price and overall market performance. So, if you’re interested in keeping up with one of India’s leading conglomerates, sit back, relax and get ready for this exciting update on ITC Q3 results 2023!
1. ITC Q3 results show 21% YoY rise in net profit.
The latest quarterly results for ITC show a significant rise in net profit, with a 21% YoY increase to Rs 5,031 crore. This figure exceeded the projected amount and contributed to the company’s shares reaching a record high. Despite concerns over the impact of the pandemic on the industry, the cigarette-to-soap maker has managed to maintain a strong position. These positive results were driven by the success of their cigarettes and snacks divisions. This news reflects positively on the company’s financial outlook, and shareholders can look forward to receiving an interim dividend entitlement. It remains to be seen if ITC can continue to perform well in the coming quarters, but the future looks bright for them.
2. Domestic brokerage house ICICI Direct predicts future ITC results.
According to domestic brokerage house ICICI Direct, the future results of ITC look promising. The company is expected to declare its Q3 results soon, and market observers are anticipating a strong performance. ICICI Direct recommends a stop loss at Rs 381.9, while the current market price of ITC stands at Rs 385.7. In addition, the company’s Q2 results showed a significant 24% jump in net profit, thanks to its cigarettes and snacks segments. ITC’s FMCG business is also expected to perform well, as per ICICI Direct Research. It’s worth noting that ITC announced a record date for interim dividend entitlement and is set to declare its quarterly results with interim dividend on February 3rd, 2023.
3. ITC reports lost shareholders on April 10th and 11th, 2023.
According to recent reports, ITC has announced that some shareholders have intimated their shares as lost on April 10th and 11th, 2023. While this news may be unfortunate for those shareholders, it is important to note that the company is taking the necessary steps to rectify the situation. Additionally, this news does not seem to have had a significant impact on ITC’s stock prices thus far. In fact, the stock settled at a 4.74% higher rate of Rs 378.60 after consecutive sessions of a 9.85% jump. As investors eagerly await the upcoming Q3 results, it will be interesting to see how this news may affect the company in the future.
4. ITC stock settles 4.74% higher at Rs 378.60.
Following the release of its Q3 financial results, ITC’s stock settled at 4.74% higher than its previous close, reaching Rs 378.60. This marks a significant increase for the company, which also saw a 9.85% jump in the past three straight sessions. The positive earnings report included a 21% YoY rise in net profit, which surpassed expectations. With these results, it’s no surprise that the stock has climbed to new heights. As investors eagerly await future updates on ITC’s portfolio, it’s essential to watch the company’s movements closely.
5. ITC stock jumps 9.85% in three straight sessions.
In the latest news for ITC, its stock price has jumped by 9.85% in the past three straight sessions. This is likely due to positive market sentiments following the announcement of the company’s impressive Q3 results, which showed a 21% YoY rise in net profit. The market appears to be bullish on ITC’s future prospects, with domestic brokerage house ICICI Direct predicting strong future results. The company has also announced a record date for interim dividend entitlement, which could further boost investor confidence. Overall, ITC’s recent performance and positive outlook have been driving the stock price higher, and investors will be keeping a close eye on future updates from the company.
6. ITC announces record date for interim dividend entitlement.
ITC has announced the record date for interim dividend entitlement as February 15, 2023. This news comes as part of the overall coverage of ITC’s Q3 results and related updates. The previous sections have covered a range of topics related to ITC, including their strong YoY rise in net profit, predictions from domestic brokerage house ICICI Direct, reports on lost shareholders, and stock market movements. It is worth noting that the Q2FY23 results showed a substantial jump in net profit driven by cigarettes and snacks, contributing to ITC’s overall positive performance. Moreover, ITC has also confirmed an interim dividend payout date on March 3-5, 2023. Despite the uncertainty in global GDP growth, ITC is continuing its commitment to shareholders with the dividend entitlement announcement. Bank of Baroda Q3 expectations have also been mentioned, further highlighting the broader business landscape. As the quarter progresses, eyes will be on ITC to see how they deliver on their results and financial commitments.
7. Q2FY23 results show strong 24% jump in net profit driven by cigarettes and snacks.
As mentioned earlier, ITC’s Q3 results showed a significant YoY rise in net profit. This growth seems to be mainly driven by the company’s cigarette and snacks business. This isn’t the first time ITC has seen impressive gains in this sector – the Q2FY23 results also showed a strong 24% jump in net profit. It appears that ITC is seeing continued success in these areas, which is certainly positive news for the company. Its stock settled 4.74% higher at Rs 378.60 and jumped 9.85% in three straight sessions, indicating a favourable response from investors. Interestingly, ITC also announced a record date for interim dividend entitlement, indicating its confidence in continued profits. All in all, these results suggest that ITC is seeing sustained success in its core businesses.
8. ITC undertakes no obligation to publicly update or revise any 2023 global GDP growth estd. at 2.9% (vs. 3.4% in 2022).
The latest update from ITC shows that the company has no obligation to publicly update or revise the estimated global GDP growth for 2023, which is at 2.9% compared to the 3.4% in 2022. While this news may cause concern amongst some investors, the company’s steady growth and strong performance in the latest quarter should reassure shareholders that ITC continues to be a wise investment. It’s worth noting that ITC is not alone in its cautious approach to revising growth estimates, as many other companies are also taking a wait-and-see approach before announcing any major changes to their forecasts. In any case, ITC remains committed to delivering value to shareholders and is sure to keep them informed of any major developments as they unfold.
9. Bank of Baroda Q3 expectations.
Looking at Bank of Baroda’s Q3FY23 expectations, analysts are primarily monitoring traction in deposits and margins before the bank’s anticipated report on February 3rd, 2023. The bank had reported a CRAR of 14.93% in December 2022, indicating considerable stability in the current economic climate. In recent news, BoB’s shares had jumped 6% to Rs 163 in intraday trade following earnings announcement. With several companies, including ITC, set to declare their results later in February, market observers are eagerly awaiting BoB’s report to gauge the state of financial institutions in India.
10. ITC quarterly results with interim dividend on February 3rd, 2023.
The much-awaited ITC Q3 results for 2023 are finally out, and they do not disappoint. The company reported a 21% YoY rise in net profit, driven largely by strong performances in the cigarettes and snacks segments. But that’s not all – ITC also declared an interim dividend benefit of Rs 6 per share for eligible shareholders, payable from March 3rd to March 5th, 2023. The record date for determining entitlement to the dividend was fixed for February 15th, 2023, which means investors will need to hold the stock on or before that date to be eligible for the dividend. Furthermore, ITC has also announced that it will be releasing its Q3FY23 earnings data on February 3rd, 2023, along with the interim dividend. The stock has responded positively, settling 4.74% higher at Rs 378.60 and jumping 9.85% in the last three consecutive sessions. Overall, investors have a lot to look forward to with ITC’s consistent profitability and regular dividend payouts.