ITC’s Decision to Delist from Calcutta Stock Exchange: An Overview
ITC Ltd.’s board of directors has given a go-ahead to the voluntary delisting of shares from the Calcutta Stock Exchange, according to a regulatory filing on Thursday. The company also informed that their shares will continue to remain listed on the National Stock Exchange of India Limited and BSE Ltd., providing nationwide trading facilities.
Background of the Calcutta Stock Exchange
The Calcutta Stock Exchange, which holds a 117-year trading legacy, made headlines a few weeks ago for conjectures around a probable closure. The Exchange, however, denied the reports about its closure, calling them incorrect. Exchange officials told NDTV that the CSE remains operational and has not received any regulatory approval to wind down its business.
Founded in 1908, the Calcutta Stock Exchange was once a formidable rival to the Bombay Stock Exchange, dominating trade volumes and serving as the financial nerve centre of Kolkata’s Lyons Range. Trading at the CSE was suspended by SEBI in April 2013 due to non-compliance with regulatory requirements.
Implications of ITC’s Delisting
The decision by ITC to delist from the Calcutta Stock Exchange may have significant implications for the exchange’s future. With one of its major listed companies choosing to exit, the exchange may face challenges in maintaining its operations and attracting new listings.
For investors, ITC’s delisting from the Calcutta Stock Exchange is unlikely to have a significant impact, as the company’s shares will continue to be listed on the National Stock Exchange of India Limited and BSE Ltd., providing them with continued access to trading facilities.
ITC’s Financial Results for Q2 FY26
ITC announced its financial results for the second quarter of FY26, reporting a 2% rise in net profit and a 3.4% decline in revenue. The company posted a net profit of Rs 5,179.82 crore, as against Rs 5,078.34 crore in the year-ago period.
The company’s revenue, however, fell 3.4% to Rs 18,021.25 crore as against Rs 18,649.12 crore in the same quarter last year. Earnings before interest, tax, depreciation, and amortisation went up 2% to Rs 6,252.01 crore from Rs 6,123.29 crore, while the margin stood at 34.7% as against 32.8% in the year-ago period.
Analysis of ITC’s Financial Performance
ITC’s financial results for Q2 FY26 indicate a mixed performance, with a rise in net profit but a decline in revenue. The company’s ability to maintain its profitability despite a decline in revenue is a positive sign, and the increase in earnings before interest, tax, depreciation, and amortisation suggests that the company is able to manage its costs effectively.
However, the decline in revenue is a concern, and the company will need to focus on driving growth in the coming quarters. Investors will be watching the company’s performance closely, and any further decline in revenue could impact investor sentiment.
Conclusion
ITC’s decision to delist from the Calcutta Stock Exchange is a significant development, and its implications will be closely watched by investors and market participants. The company’s financial results for Q2 FY26 indicate a mixed performance, and investors will be looking for signs of growth in the coming quarters.
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