ITC Q3 Profit Rises 6.5% to Rs 5,400 Cr - Business News
By Rediff Money Desk, NEWDELHI Jan 29, 2024 19:13
ITC Ltd reported a 6.51% rise in consolidated net profit to Rs 5,400.51 crore for the December 2023 quarter, driven by growth in revenue from operations.
![ITC Q3 Profit Rises 6.5% to Rs 5,400 Cr - Business News](https://im.rediff.com/money/2017/sep/11itc.jpg)
Photograph: Rupak De Chowdhury/Reuters
New Delhi, Jan 29 (PTI) Diversified entity ITC Ltd on Monday reported a 6.51 per cent rise in consolidated net profit to Rs 5,400.51 crore for the December 2023 quarter.
The company had posted a consolidated net profit of Rs 5,070.09 crore in the year-ago period, ITC said in a regulatory filing.
Its gross revenue from the sale of products inched up 2.3 per cent at Rs 19,337.84 crore during the quarter. It was Rs 18,901.76 crore a year ago.
ITC's revenue from operations rose 2.43 per cent to Rs 19,484.50 crore in the quarter against Rs 19,020.65 crore in the year-ago period.
The total expenses in the quarter rose 5.33 per cent to Rs 13,453.73 crore.
Shares of ITC on Monday settled at Rs 450 apiece on the BSE, down 1.20 per cent from the previous close.
The company had posted a consolidated net profit of Rs 5,070.09 crore in the year-ago period, ITC said in a regulatory filing.
Its gross revenue from the sale of products inched up 2.3 per cent at Rs 19,337.84 crore during the quarter. It was Rs 18,901.76 crore a year ago.
ITC's revenue from operations rose 2.43 per cent to Rs 19,484.50 crore in the quarter against Rs 19,020.65 crore in the year-ago period.
The total expenses in the quarter rose 5.33 per cent to Rs 13,453.73 crore.
Shares of ITC on Monday settled at Rs 450 apiece on the BSE, down 1.20 per cent from the previous close.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.74 (+ 2.62)
- 84886833
- Srestha Finvest
- 2.24 (+ 4.67)
- 34707853
- Ola Electric Mobilit
- 132.76 (+ 19.99)
- 27685743
- Suzlon Energy Ltd.
- 79.93 (+ 4.10)
- 27308498
- IFL Enterprises
- 1.22 (+ 4.27)
- 24757806
MORE NEWS
![Sebi Eases...](https://im.rediff.com/80-80/money/2024/aug/10sebi1.jpg)
Sebi Eases Compliance for Listed NCDs - New...
Sebi proposes amendments to simplify compliance requirements for entities with listed...
![Chandrasekaran:...](https://im.rediff.com/80-80/news/2018/jan/04modi.jpg)
Chandrasekaran: Learn From Indian Wisdom &...
Tata Group Chairman N Chandrasekaran emphasizes the importance of learning from Indian...
JSW Cement Files IPO Papers to Raise Rs 4,000...
JSW Cement has filed draft papers with Sebi for an IPO to raise Rs 4,000 crore. The IPO...