Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

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

16 May, 2018 10:32 AM
48 0
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%.

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.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Also read: Cadila net rises 53.3% to ₹590.8 crore

Source: ndtv.com

Share in social networks:

Comments - 0