ITC Q3 net profit rises 6.5% to Rs5,400 crore

New Delhi: Diversified entity ITC Ltd Monday reported a 6.51 per cent rise in consolidated net profit to Rs5,400.51 crore for the December 2023 quarter.

The company had posted a consolidated net profit of Rs5,070.09 crore in the year-ago period, ITC said in a regulatory filing.

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Its gross revenue from the sale of products inched up 2.3 per cent at Rs 19,337.84 crore during the quarter. It was Rs18,901.76 crore a year ago.

ITC’s revenue from operations rose 2.43 per cent to Rs 19,484.50 crore in the quarter against Rs 19,020.65 crore in the year-ago period.

The total expenses in the quarter rose 5.33 per cent to Rs 13,453.73 crore.

Shares of ITC Monday settled at Rs 450 apiece on the BSE, down 1.20 per cent from the previous close.

PTI