ITC Q3 net profit up 17% at Rs 3,090.20 cr; FMCG revenue declines 31%

New Delhi: Diversified group ITC Ltd on Friday reported a 16.75 percent increase in its net profit at Rs 3,090.20 crore for the quarter ended December 31, 2017.

The company had posted a net profit of Rs 2,646.73 crore during the same period previous fiscal, ITC Ltd said in a regulatory filing.

Representational image. Reuters

Representational image. Reuters

Total income during the October-December quarter stood at Rs 10,579.11 crore. It was Rs 14,257.9 crore in the corresponding period previous fiscal.

The company said due to restructuring of indirect taxes, gross revenue from sale of products and services and excise duty for the quarter are not comparable with the previous periods.

Total expenses during the period was Rs 6,362.4 crore compared to Rs 10,303.71 crore in the year ago period.

Revenue from FMCG business including cigarettes stood at Rs 7,500.97 crore as against Rs 10,857.23 crore in the year ago period.

Hotels contributed Rs 404.44 crore during the quarter compared to Rs 370.51 crore during the same period previous fiscal.

Updated Date: Jan 19, 2018 16:00 PM

Also Watch

IPL 2018: Royal Challengers Bangalore eye revival against Chennai Super Kings as 'Cauvery Derby' comes back to life
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Tuesday, April 24, 2018 It's A Wrap: Beyond the Clouds stars Ishaan Khatter, Malavika Mohanan in conversation with Parul Sharma
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See