 "ITC beats St estimates, Q4 net up 20% at Rs 1928 cr")
India’s largest cigarette maker, ITC Ltd, posted a 19.5 percent jump in quarterly net profit on Friday, meeting market expectations.
ITC, which makes four out of every five cigarettes sold in India, said net profit
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Reuters[/caption]
rose to Rs 1928 crore for the quarter ended March 31, from Rs 1614 crore s a year earlier. Net sales rose over 19 percent to Rs. 1,928 crore against Rs. 1,614 crore last year
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Analysts on average had expected earnings of Rs 1908 crore.
Net sales of the company’s Agri business to Rs 1,854 crore against Rs 1,414 crore in the year-ago period.
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Agencies