ITC Q4: Revenue decline, lower tax rate to boost PAT
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ITC company is expected to report a rise in net profit amid a cut in the tax rate, while revenues may dip, or show modest growth, hit by the COVID-19 lockdown. The lockdown will result in the overall profit still witnessing a decline. Kotak Institutional Equities expects ITC to report a 6.2 percent rise in March quarter net profit from a year ago, while revenues are seen declining 4.4 percent. HDFC Securities sees ITC’s net profit dropping 1.7 percent, while net sales may dip 2.2 percent. FMCG backed business will also be subdued by 6%. Watch the video to know more! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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