ITC declares Q1 nos, standalone net profit up 20%

ITC has come out with first quarter numbers of FY08. It has reported growth of 20% its standalone net profit of Rs 782.87 crore (Rs 7.82 billion) for first quarter as against Rs 652.28 crore (Rs 6.52 billion) in corresponding quarter of previous year.

Standalone net sales increased to Rs 3,325.23 crore (Rs 33.25 billion) versus Rs 2,849.75 crore (Rs 28.49 billion).

Operating profit has gone up by 16.2% to Rs 1,127.6 crore (Rs 11.27 billion) from Rs 970.6 crore (Rs 9.7 billion) and pperating profit margin stood at 33.9% versus 34.1%.

Cigarettes revenue also surged to Rs 3,441 crore (Rs 34.41 billion) from Rs 3,159 crore (Rs 31.59 billion).

Hotels revenue stood at Rs 221 crore (Rs 2.21 billion) versus Rs 199 crore (Rs 1.99 billion).

For complete presser and AGM, watch videos...