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Home STOCKS ITC Q4 benefits: Standalone net profit drops 9% to Rs 3,797 crore...

ITC Q4 benefits: Standalone net profit drops 9% to Rs 3,797 crore announces Rs 10.15 dividend

Mumbai: Cigarettes-to-lodges firm ITC noted a 9.05 for every cent drop in standalone net profit for the quarter ended March at Rs 3,797.08 crore.
The corporation experienced reported a net profit of Rs 3,481.90 in the similar quarter a year back. An ET Now poll had pegged the March quarter net profit at Rs 3,739.3 crore.
ITC’s revenue from operations dropped to Rs 11,420.04 crore from Rs 12,206.03 crore in the corresponding quarter a year ago.
The organization advisable a dividend of Rs 10.15 for the economical calendar year finished March 31.
Its EBITDA for the quarter came in at Rs 4,163.50 crore, in comparison with an ET NOW poll of Rs 4,495.06 crore.
The margins came in at 36.5 for each cent, in contrast with an ET NOW Poll of Rs 4,495.06 crore.
The revenues from its cigarette company for the quarter were Rs 5,130.5 crore.
Ahead of the earnings announcement, ITC shares shut 3.54 for each cent decrease at Rs 195.10, while benchmark Sensex rose .94 for every cent to close at 35,171.27.

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