ITC Q3 profit rises 16.75% to Rs3,090.2 crore on all-round profitability - News Summed Up

ITC Q3 profit rises 16.75% to Rs3,090.2 crore on all-round profitability


ITC shares were trading at Rs273.80 on BSE at 2.22 pm, up 0.35%, while the benchmark Sensex was trading 0.31% up at 35,368.18 points. Photo: ReutersKolkata: ITC Ltd, the maker of cigarettes and consumer packaged goods, said Friday its net profit in the December quarter jumped 16.75% year-on-year (y-o-y) to Rs3,090.2 crore, boosted by improvement in profitability in all business segments except farm commodities. Total revenue for the December quarter rose 3% to Rs10,579.11 crore from Rs10,258.13 crore in the preceding October quarter, ITC said. The company’s pre-tax profit from cigarettes rose 7.7% over the same period a year ago to Rs3,269.25 crore. ITC shares were trading at Rs273.80 on BSE at 2.22 pm, up 0.35%, while the benchmark Sensex was trading 0.31% up at 35,368.18 points.


Source: Mint January 19, 2018 07:49 UTC



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