ITC Ltd on Friday reported a 21 per cent rise in net profit. 5,031.01 crore for the December 2022 quarter. it is against the net profit of 4156.2 crores for the year-ago period.
Revenue from operations increased by 2.3 percent 16225.1 cr to 15862 crore in the corresponding quarter of the previous financial year.
ITC declares interim dividend 6 per share 1 each, for which February 15, 2023 has been set as the record date.
The interim dividend will be paid between March 3, 2023 and March 5, 2023.
“The Board declared an interim dividend of Rs.6/- per equity share 1- For every financial year ending 31st March, 2023; Such dividend shall be paid between Friday, the 3rd March, 2023 and Sunday, the 3rd March, 2023 to the members who are entitled thereto.” ITC In its regulatory filing.
Earnings before interest, taxes, depreciation and amortization (EBITDA) grew by 22% from 6223.2 crores 5,102.1 crores.
Segment-wise, FMCG-Cigarette revenue grew by 16.72 percent 7288 crores to 6244.11 in the year-ago period. While the revenue of FMCG-Others stood at 4841 crore, said ITC,
Revenue from hotels increased by 50.48 percent 712.39 crore from 473.39 in the corresponding quarter of the previous fiscal. However, revenue from agribusiness in the December quarter 3,123.77 crore, down 37 percent from 4,962.37 crores.
Revenue from paperboard, paper and packaging increased by 12.65 percent 2,305.54 crore from 2,046.48 crores.
The company’s stock gained 0.50 percent 380.5 on BSE.
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