ITC Q3 Results: Profit rises 6% YoY to Rs 5,335 crore; dividend declared at Rs 6.25/share
ITC Q3 Results: Profit rises 6% YoY to Rs 5,335 cr; co declares Rs 6.25/share dividend
Synopsis
ITC Q3 Results: Revenue from operations in the said quarter increased 2% year-on-year (YoY) to Rs 19,484 crore.
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Diversified conglomerate ITC on Monday reported a 6% growth in its consolidated net profit at Rs 5,335 crore for the quarter ended December. The same stood at Rs 5,006 crore in the year-ago period.
Revenue from operations in the said quarter increased 2% year-on-year (YoY) to Rs 19,484 crore.
The company's board also declared an interim dividend of Rs 6.25 per share for the financial year ending March 2024. The dividend will be paid between February 26-28 for eligible shareholders.
The record date for the same is fixed as February 8.
Segment-wise, revenue from the cigarettes business increased 3% YoY to Rs 8,295 crore, compared with Rs 8,086 crore in the last year quarter.
The profit before tax (PBT) for the cigarettes business rose marginally by 2% to Rs 4,966 crore in the December quarter.
The FMCG-others business reported revenues of Rs 5,218 crore in the third quarter, up 8% from Rs 4,849 crore posted in the corresponding quarter of last year. The PBT for the same was up 23% to Rs 433 crore.
The hotels business had a healthy quarter with revenues improving by 18% to Rs 872 crore and the profit before tax increasing as much as 56% to Rs 233 crore.
Meanwhile, the revenues from agri-business stood at Rs 3,273 crore in the reporting third quarter, showing a marginal decline of 0.9% YoY. PBT for the segment also dropped 13% YoY to Rs 381 crore.
The paperboards, paper, and packaging segments showed a moderating trend, similar to that of agri-business with revenues falling 10% YoY to Rs 2,080 crore in the December quarter. It was Rs 2,305 crore a year earlier.
On Monday, ITC shares closed 1.53% lower at Rs 448.70 on NSE.
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The profit beat the ET Now Poll expectation of Rs 5,072 crore.Revenue from operations in the said quarter increased 2% year-on-year (YoY) to Rs 19,484 crore.
The company's board also declared an interim dividend of Rs 6.25 per share for the financial year ending March 2024. The dividend will be paid between February 26-28 for eligible shareholders.
The record date for the same is fixed as February 8.
Segment-wise, revenue from the cigarettes business increased 3% YoY to Rs 8,295 crore, compared with Rs 8,086 crore in the last year quarter.
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The profit before tax (PBT) for the cigarettes business rose marginally by 2% to Rs 4,966 crore in the December quarter.
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The FMCG-others business reported revenues of Rs 5,218 crore in the third quarter, up 8% from Rs 4,849 crore posted in the corresponding quarter of last year. The PBT for the same was up 23% to Rs 433 crore.
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The hotels business had a healthy quarter with revenues improving by 18% to Rs 872 crore and the profit before tax increasing as much as 56% to Rs 233 crore.
Meanwhile, the revenues from agri-business stood at Rs 3,273 crore in the reporting third quarter, showing a marginal decline of 0.9% YoY. PBT for the segment also dropped 13% YoY to Rs 381 crore.
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The paperboards, paper, and packaging segments showed a moderating trend, similar to that of agri-business with revenues falling 10% YoY to Rs 2,080 crore in the December quarter. It was Rs 2,305 crore a year earlier.
On Monday, ITC shares closed 1.53% lower at Rs 448.70 on NSE.
