ITC Q1 Results: Net profit jumps 17.6% to Rs 4,903 crore, beats estimates
The company reported revenue of Rs 16,995 crore for the quarter ended June 30.
ITC Q1 Results: ITC Limited on Monday announced its first-quarter results, beating Zee Business research estimates. The cigarettes-to-hotels conglomerate reported a year-on-year jump of 17.61 per cent in standalone profit after tax to Rs 4,903 crore for the quarter ended June 30.
Its revenue came in at Rs 16,995 crore for the first quarter of the current financial year as against Rs 18,320 crore for the corresponding period a year ago, according to a regulatory filing.
According to Zee Business research, ITC's quarterly net profit was estimated at Rs 4,681 crore and revenue at Rs 16,443 crore.
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ITC shares ended barely in the green at Rs 449 apiece on BSE ahead of the earnings announcement.
(This story will be updated shortly)