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- ITC Q4 Results: ITC Net Profit Jumps Multifold to ₹ 19,727 CR, Dividend Declared
Mumbai32 minutes ago
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The FMCG company ITC, which ranges from cigarette to soap, has received a net profit of Rs 19,727 crore in the fourth of FY 2024-25. It has increased by 300% on an annual basis. It was Rs 4,935 crore in the same quarter of last year.
Revenue increased by 0.12% to Rs 20,376 crore from the ITC operation in the January-March quarter. The company’s revenue was Rs 20,350 crore in the fourth quarter of FY24, the same quarter of a year ago. ITC today released the January-March quarter and annual results on Thursday (May 22).
What for the common man in the results?
The company has announced a final dividend of Rs 7.85 on each stock. Apart from this, the company will also pay an interim dividend of ₹ 6.50. That is, for the Finance-Year 2024-25, the company will give a dividend to its investors total ₹ 14.25 per share. Companies give some part of their profits to their shareholders, it is called dividend or dividend.
Are the company’s results better than expected?
The market experts hoped that the company’s profit would be around Rs 5,000 crore in the fourth quarter of FY 2024-25. According to this, the company has performed better than the expectation of market analysts.
How was the performance of the share so far in this year?
ITC shares closed down 1.73% today at a level of Rs 425. The company’s stock has fallen 2% a month and 10% in 6 months. The company’s stock has fallen 3% in a year. The market cap of ITC is Rs 5.33 lakh crore.
Sanjeev Puri is the chairman and managing director of ITC
ITC is a leading multi-business Indian enterprise with presence in FMCG, paper, packaging, agri-business, hotel and IT. Sanjeev Puri is the chairman and managing director of ITC.
The company was established in 1910, when the name of this company was Imperial Tobacco Company. Then in 1970, it was renamed as India Tobacco Company. After this, it was named ITC Limited in 1974.
