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ITC net profit up 1.9%, revenue jumps 16%
October 25, 2024
|Business Standard
Diversified conglomerate ITC on Thursday reported a 15.6 per cent year-on-year (Y-o-Y) increase in consolidated revenue in the July to September quarter (Q2FY25), while the net profit was up 1.9 per cent amid muted demand conditions.
ITC reported a consolidated net profit of ₹4,992.87 crore in Q2FY25 compared to ₹4,898.07 crore in the year-ago period, impacted by the profitability of hotels and paperboards, paper and packaging businesses.
Consolidated gross revenue at ₹22,281.89 crore during Q2FY25 was supported by all operating segments, especially the agri business.
The revenue net of excise at ₹20,736 crore beat Bloomberg consensus estimate of ₹17,999.4 crore. However, the net profit fell short of the Bloomberg estimate of ₹5,227.6 crore.
هذه القصة من طبعة October 25, 2024 من Business Standard.
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