Cigarette-to-soap conglomerate ITC reported a 1.06 per cent year-onyear (Y-o-Y) drop in consolidated net profit during the January-March quarter (Q4) of 2023-24 (FY24) to ₹5,120.55 crore from ₹5,175.48 crore, primarily dragged down by the agri, paperboard, paper, and packaging businesses.
The company reported consolidated revenue from operations of ₹19,446.49 crore for Q4FY24, a 2.03 per cent increase compared to ₹19,058.29 crore in the yearago period.
Revenue net of excise at ₹17,923 crore came in slightly below the Bloomberg consensus estimate of 18,105.5 crore.
However, net profit exceeded the Bloomberg estimate, which pegged net adjusted income at ₹5,066.3 crore.
in Sequentially, gross revenue Q4FY24 decreased by 0.19 per cent, and net profit was down by 4.02 per cent.
For the full year (FY24), revenue from operations stood at ₹76,840.49 crore, up by 0.42 per cent, while net profit reached ₹20,458.78 crore, up by 6.6 per cent.
The company's board has recommended a final dividend of ₹7.5 per share.
Denne historien er fra May 24, 2024-utgaven av Business Standard.
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Denne historien er fra May 24, 2024-utgaven av Business Standard.
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