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News Details

ITC Q1 net profit up 28.63% at Rs 3013.49 cr

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24/07/2021 21:10
The company reported standalone net profit of Rs 3,013.49 crore for the quarter ended June 30, 2021 as compared to Rs 2342.76 crore in the same period last year, registering a year-on-year growth of 28.63 per cent.

Net revenue of the company rose substantially by 46.51 per cent at Rs 12,959.15 crore in April-June quarter of this fiscal as against Rs 8,845.18 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 43.13 per cent to Rs 8,966.99 crore from Rs 6,264.74 crore in year ago period.

Other Income dipped by 52.17 per cent at Rs 428.99 crore versus (Jun'20 Rs 896.82 crore).

Operating Profit surged by 50.84 per cent to Rs 3,992.16 crore as against Rs 2,646.58 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.97 per cent in June quarter.

Interest declined by 38.53 per cent y-o-y to Rs 10.32 crore, while Taxation increased by 27.52 per cent at Rs 1,001.86 crore (Jun'20 Rs 785.67 crore).