Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Times of India
The Times of India
Business
PTI

ITC beats Q1 profit estimates on steady tobacco demand

NEW DELHI: Diversified entity ITC Ltd on Monday reported a 16.08 per cent rise in consolidated net profit at Rs 5,180.12 crore in the first quarter ended June 2023.

The company had posted a consolidated net profit of Rs 4,462.25 crore in the year-ago period, ITC Ltd said in a regulatory filing.

Its consolidated revenue from operations stood at Rs 18,639.48 crore, down 6 per cent. It was Rs 19,831.27 crore in Q1 of FY 2022-23.

ITC's total expenses in the quarter was at Rs 12,421.77 crore, down 12.53 per cent from the first quarter of FY 2022-23.

Total income of ITC in the June quarter was down 3.92 per cent to Rs 19,361.78 crore.

Shares of ITC on Monday settled at Rs 448.95 on BSE, up 0.06 per cent from previous close.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.