ITC Q4 results: Net profit falls to Rs 5,020 crore

ITC Ltd has reported a standalone net profit of Rs 5,020.20 crore in the March 2024 quarter, falling 1.3 percent on a year-on-year (YoY) basis. The FMCG major had reported a net profit of Rs 5086.86 in the year ago period. On a sequential basis, the bottom line was marginally flat from Rs 5,572.07 in the December 2023 quarter.

The revenue from operations remained stood at Rs 17,571.72 crore in the fourth quarter of the financial year 2023-24, falling 1.4 percent YoY. The topline stood at Rs 17,506.08 crore in the same quarter previous financial year. In the previous financial year, the topline stood at Rs 17,224 crore in the quarter ended on December 31, 2023.

 

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EBITDA for the quarter was at Rs 6,162.6 crore, fell by 0.8 percent, while the EBITDA margin declined 70 basis points YoY to 37.2 percent.

The company has recommended a final dividend of Rs 7.50 per share for the financial year ending 31st March 2024, subject to the declaration of the same by the Members at the ensuing annual general meeting (AGM) of the company convened for Friday, July 26, 2024. The final dividend, if declared, will be paid between July 29, 2024 and July 31, 2024.

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 Revenue from the cigarettes business increased 7 percent YoY to Rs 8,689 crore in the March 2024 quarter, compared with Rs 8,092 crore in last year's quarter. The profit before tax (PBT) for the cigarettes business rose 5 percent YoY to Rs 5,157 crore in the preceding quarter.

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