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18/05/2022 20:20

ITC Q4 net profit up 11.81% at Rs 4190.96 cr

The company reported standalone net profit of Rs 4,190.96 crore for the quarter ended March 31, 2022 as compared to Rs 3748.41 crore in the same period last year, registering a year-on-year growth of 11.81 per cent.

Net revenue of the company rose substantially by 24.81 per cent at Rs 16,426.00 crore in January-March quarter of this fiscal as against Rs 13,161.11 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 26.98 per cent to Rs 11,201.64 crore from Rs 8,821.62 crore in year ago period.

Other Income dipped by 12.68 per cent at Rs 674.08 crore versus (Mar'21 Rs 771.97 crore).

Operating Profit surged by 16.80 per cent to Rs 5,224.36 crore as against Rs 4,473.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6.41 per cent in March quarter.

Interest grew by 234.08 per cent y-o-y to Rs 10.49 crore, while Taxation increased by 13.17 per cent at Rs 1,251.07 crore (Mar'21 Rs 1,105.49 crore).