ITC net profit surges 17.58% to ₹4,903 crore in Q1FY24
The New Indian Express|August 15, 2023
BEATING street estimates, ITC on Monday reported a 17.58% year-on-year (YoY) rise in standalone net profit at ₹4,903 crore for the June quarter as against ₹4,169 crore in the same quarter last year.
ITC net profit surges 17.58% to ₹4,903 crore in Q1FY24

Analysts at large were expecting the cigarette-to-hotel conglomerate to report 11-13% increase in its Q1FY24 PAT.

ITC's revenue for the quarter came in at ₹16,995.40 crore, down 7.23% Year-on-Year. The EBIDTA margin in Q1FY24 came at 39.5%. up 680 basis points YoY.

This story is from the August 15, 2023 edition of The New Indian Express.

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This story is from the August 15, 2023 edition of The New Indian Express.

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