ITC to pay dividend of Rs 6.25 per equity share
ITC Result, ITC Share Dividend News: ITC share price rose over 4 per cent to hit a 52-week high of Rs 279.25 on the NSE in early trade on Thursday led by rise in consolidated net profit. It touched a 52-week high of 279.15 in the opening session on BSE.
The company on Wednesday reported 11.60 per cent growth in its consolidated net profit at Rs 4,259.68 crore for the fourth quarter ended March 2022, driven by all-round growth across the verticals. The company had posted a net profit of Rs 3,816.84 crore during the January-March quarter of the previous fiscal, it was said in a regulatory filing.
ITC Dividend
The board of directors of ITC Ltd on Wednesday also recommended a final dividend of Rs 6.25 per ordinary share of face value each for FY22.
The Kolkata-headquartered company had paid an interim dividend of Rs 5.25 per share on March 4. Along with the interim dividend, the total dividend for the financial year ending 2021-22 stands at Rs 11.50 per share. The total cash outflow on account of dividend will be Rs 14,171.51 crore.
The dividend will be paid to the shareholders after necessary regulatory approvals. The company will announce the record later.
ITC Q4 Result
ITC’s consolidated revenue from operations grew 15.25 per cent to Rs 17,754.02 crore during the quarter under review as against Rs 15,404.37 crore in the corresponding period of the previous fiscal.
The company’s total expenses stood at Rs 12,632.29 crore, up 15.41 per cent in the fourth quarter of FY 2021-22, as against Rs 10,944.64 crore in the year-ago period.
ITC’s cigarettes segment generated revenue of Rs 7,177.01 crore as against Rs 6,508.43 crore in the year-ago period. Excluding cigarettes, the FMCG segment’s revenue stood at Rs 4,148.62 crore as against Rs 3,694.8 crore in the same period a year ago.
ITC’s agribusiness registered a revenue of Rs 4,375.42 crore as against Rs 3,383 crore in Q4 FY21. The company’s paperboard, paper and packaging revenue stood at Rs 2,182.77 crore in the fourth quarter as against Rs 1,655.91 crore in the same period last year.
ITC said its hotel business witnessed a smart recovery, earning revenue of Rs 407.42 crore in the fourth quarter as against Rs 302.35 crore in the same period last year.