ITC Q4 Earnings: Net Profit Rises 11.60 Per Cent At Rs 4,260 Crore, Declares Dividend

ITC's revenue from operations was up 15.25 per cent to Rs 17,754.02 crore during the quarter under review, as against Rs 15,404.37 crore in the corresponding period of the previous financial year

Sanjiv Puri, chairman, MD, ITC Ltd. Image: AFP

Source : AFP

New Delhi: FMCG major ITC on Wednesday logged an 11.60 per cent rise in its consolidated net profit to Rs 4,259.68 crore for the fourth quarter (Q4) ended in March 2022.

The company had posted a net profit of Rs 3,816.84 crore during the January-March quarter of the previous financial year, ITC said in a regulatory filing. Its revenue from operations was up 15.25 per cent to Rs 17,754.02 crore during the quarter under review, as against Rs 15,404.37 crore in the corresponding period of the previous financial year.

ITC total expenses were at Rs 12,632.29 crore, up 15.41 per cent in Q4FY21-22, as against Rs 10,944.64 crore in the year-ago period.

The company's board recommended final fividend of Rs 6.25 per ordinary share of Rs 1 face value for the financial year ended March 31, 2022. It will be paid between July 22-26, 2022. This is in addition to the interim dividend of Rs 5.25 per share declared in February.

According to the press release, ITC’s operating environment during the year remained extremely challenging and was marked by heightened uncertainty and volatility due to the Covid-19 pandemic and, unprecedented inflationary headwinds; geo-political tensions towards the end of the year exacerbated the situation.

In spite of significant disruptions during the year, the Company’s consumer-centricity, agility in seizing market opportunities, focus on execution excellence harnessing learnings from previous waves and proactive strategic interventions enabled it to post robust growth in revenues and profits, surpassing pre-pandemic levels.

Overall for FY21-22, gross revenue at Rs 59,101.09 crores increased by 22.7 per cent, while Ebitda increased by 22.0 per cent to Rs 18,933.66 crores.

Profit before tax at Rs 19,829.53 crores grew by 15.5 per cent over previous year and Profit After Tax (PAT) stood at Rs 15,057.83 crores (previous year Rs 13,031.68 crores).

Total comprehensive income for the year stood at Rs 15,631.68 crores (previous year Rs 13,277.93 crores). Earnings per share for the year stood at Rs 12.22 (previous year Rs 10.59).

Shares of ITC Ltd on Wednesday settled at Rs 266.50 on the BSE, up 0.72 per cent from the previous close.

With inputs from the PTI