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Published on 13/05/2019 3:25:27 PM | Source: Dion Global Solutions Ltd

ITC Q4 net profit up 18.73% at Rs 3481.90 cr

 

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The company reported standalone net profit of Rs 3,481.90 crore for the quarter ended March 31, 2019 as compared to Rs 2932.71 crore in the same period last year, registering a year-on-year growth of 18.73 per cent. Net revenue of the company rose moderately by 13.08 per cent at Rs 11,850.23 crore in January-March quarter of this fiscal as against Rs 10,479.24 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 15.18 per cent to Rs 7,420.46 crore from Rs 6,442.72 crore in year ago period.

Other Income grew by 43.31 per cent at Rs 740.18 crore versus (Mar'18 Rs 516.50 crore). Operating Profit surged by 10.32 per cent to Rs 4,571.65 crore as against Rs 4,144.01 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.43 per cent in March quarter. Interest declined by 66.70 per cent y-o-y to Rs 7.74 crore, while Taxation increased by 5.10 per cent at Rs 1,472.01 crore (Mar'18 Rs 1,400.57 crore).