ITC sees 9.9 % rise in post tax profit in Q4

16 May, 2018 11:14 AM

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ITC saw a 9.9 % rise in its fourth quarter post tax profit and a 10% rise in its annual profit for 2017-18 , driven by a rise in profits from FMCG, hotels and paper business. A dividend of ₹5.15 per share for each share of ₹1/- was declared by the Board.

The Board also approved the re-designation of Sanjiv Puri from Chief Executive Officer and wholetime director to Managing Director, subject to the approval of the shareholders.

Post-tax profit for the quarter stood at ₹2,932.7 crores on an income of ₹1,1329.7 crores against ₹15,410.9 a year ago. For the year PAT was ₹11,492.7 crores. Annual revenues were ₹46,459.6 crores against ₹57,434.4 crores. A company statement said that revenue figures were not comparable due to the restructuring of indirect taxes.

ITC shares rose by 1.4 % to ₹2,85.7 on BSE and 1.6 % on the NSE to ₹286.6.

Also read: City Union Bank Q4 net rises 18%

Source: thehindu.com

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