Diversified conglomerate ITC on Thursday reported a marginal decline in net profit in Q1FY25, dragged by paper, paperboard and packaging, hospitality, and agri-businesses.
ITC clocked in a 0.26 per cent year on-year (Y-o-Y) drop in the consolidated net profit in this period to ₹5,091.59 crore from ₹5,104.93 crore in the year-ago period. The company reported consolidated gross revenue of ₹20,029.60 crore for Q1FY25, up by 7.5 per cent compared to ₹18,639.48 crore a year back.
The revenue net of excise at ₹18,457 crore came in higher than the Bloomberg consensus estimate at ₹17,892 crore.
However, the net profit fell short of the Bloomberg estimate, which pegged it at ₹5,451 crore. Sequentially, the gross revenue was up three per cent, and the net profit was down 0.56 per cent.
هذه القصة مأخوذة من طبعة August 02, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة August 02, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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Beyond the syntax of national culture
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