ITC Limited Q3 Earnings Report : ITC Limited unveiled its financial results for the October-December quarter of the current fiscal year, showcasing a significant increase in profit to ₹5,572 crore. The leading FMCG company also declared an interim dividend of ₹6.25 per share.
In comparison to the same quarter last year, the standalone profit of ITC has surged by 10.75%, rising from ₹4,926.96 crore to ₹5,572 crore. The cigarette segment recorded a 3.57% growth in income, reaching ₹7,548.8 crore, while the hotel segment experienced an 18.19% increase, reporting an income of ₹842 crore. However, the agriculture segment witnessed a slight decline of 2.21%, with an income of ₹3,054.7 crore. The total expenses of the company rose by 5.33% to ₹13,453.73 crore during the third quarter of the financial year 2023.
In addition to the impressive financial results, ITC Limited announced a generous interim dividend of 625% for its investors, translating to a profit of ₹6.25 per share. The record date for the interim dividend has been set as February 8, 2024, and the payout is scheduled to occur between February 26 and February 28, 2024.
As of January 29, the closing stock price of ITC stood at ₹450, reflecting a 1.20% decline. The stock’s 52-week high and low are recorded at ₹499 and ₹329, respectively. ITC Limited boasts a market cap of ₹5,61,560.18 crore, and the stock has exhibited a commendable 30% growth over the past year.
