ITC Ltd declared a standalone net profit of ₹5,572 crore for the December quarter of FY24, up 11% from ₹5,031 crore in the same period of the previous fiscal year. The results exceeded Street expectations.
Sequentially, net profit increased 13% from ₹4,927 crore in the September quarter. The business reported a 6.5% rise in overall net profit for the December quarter, totaling ₹5,400.51 crore.
The company’s total income from operations increased by 2% year-on-year, to ₹17,651.85 crore from ₹17,265 crore, according to a regulatory filing on January 29. The combined revenue rose 2.4% to ₹19,484.50 crore.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) for the quarter was ₹6,024 crore, down by 3.20%. The EBIDTA margin was 36.60% and had fallen by 180 basis points year on year. One basis point equals one-hundredth of a percentage point.
The cigarette-to-hotel conglomerate also declared an interim dividend of ₹6.25 per share for the fiscal year 2023–2024. The board set the record date on February 8th.
The corporation is collaborating with farmers to improve agricultural practices through a Climate Smart Agriculture programme that covers more than 23 lakh acres and around 7.5 lakh farmers. The business announced in a news statement that it had commissioned a cutting-edge facility for producing and exporting nicotine and nicotine derivative goods.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.