67331 Investors following ITC. Share this News with them.
0
Like this story, share it with millions of investors on M3
ITC Q1 net profit up 20% at Rs 782.87cr
ITC has come out with first quarter numbers of FY08. It has reported growth of 20% its net profit of Rs 782.87 crore for first quarter as against Rs 652.28 crore in corresponding quarter of previous year.
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).
According to CNBC--TV18 estimates, it was expected to post net sales of Rs 3,380 crore and net profit of Rs 725.3 crore.
