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.
Bu hikaye Business Standard dergisinin August 02, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin August 02, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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