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ITC Q4 net profit up 9.86% at Rs 2932.71 cr 17/05/2018 17:15

The company reported standalone net profit of Rs 2,932.71 crore for the quarter ended March 31, 2018 as compared to Rs 2669.47 crore in the same period last year, registering a year-on-year growth of 9.86 per cent.

Net revenue of the company declined by 5.81 per cent at Rs 10,479.24 crore in January-March quarter of this fiscal as against Rs 11,125.54 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 11.14 per cent to Rs 6,442.72 crore from Rs 7,250.15 crore in year ago period.

Other Income grew by 28.45 per cent at Rs 516.50 crore versus (Mar'17 Rs 402.10 crore).

Operating Profit surged by 6.93 per cent to Rs 4,144.01 crore as against Rs 3,875.39 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 13.52 per cent in March quarter.

Interest grew by 302.79 per cent y-o-y to Rs 23.24 crore, while Taxation increased by 1.66 per cent at Rs 1,400.57 crore (Mar'17 Rs 1,377.67 crore).

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