Profit

ITC Q4 Profit Rises 10% At Rs 2,933 Crore, Beats Estimates

ITC's revenue from operations fell 28% to Rs 10,813 crore, while excise duty paid was down about 94%.

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ITC Q4 Profit Rises 10% At Rs 2,933 Crore, Beats Estimates

Analysts on average expected a net profit of Rs 2,845 crore.

Country's biggest cigarette maker ITC Ltd posted a better-than-expected quarterly profit on Wednesday, helped by a fall in excise duty.

Profit for the quarter ended March 31 came in at Rs 2,933 crore ($432.44 million) from Rs 2,669 crore reported last year, the company, which also makes biscuits and noodles under the Sunfeast brand, said.

Analysts on average expected a net profit of Rs 2,845 crore, according to Thomson Reuters data.

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Revenue from operations fell 28 per cent to Rs 10,813 crore, while excise duty paid was down about 94 per cent.
© Thomson Reuters 2018


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