ITC Q4 consolidated net profit falls 3%, declares final dividend of Rs 5.75

ITC

ITC on Tuesday posted a consolidated net profit of Rs 3,755 crore for the quarter ended March 31, 2021 (Q4FY21), dip to 3 per cent from Rs 3,856 crore clocked in the same quarter a year earlier (Q4FY20).

 

The Cigarette-to-hotel conglomerate’s consolidated revenue from operations increased to Rs 15,404 crore during the quarter from Rs 12,560 crore in the year-ago period, an increase of 22.6 about per cent.

 

 

Sequentially, the profit after tax (PAT) rose  6.4 per cent from Rs 3,526 crore during the December quarter (Q3FY21).

The board has declared a final dividend of Rs 5.75 per share for the financial year 2020-21.

 

Segment-wise, revenue from cigarette business increased  13 per cent to Rs 6,508 crore as against Rs 5,750 crore a year ago, while the earnings before interest and tax (EBIT) or pre-tax profit for the same grew  6.7 per cent to Rs 3,895 crore during the quarter as compared to  Rs 3,649 crore in the year-ago period.

 

The FMCG-others business posted a strong performance with revenue growth of about 15 per cent to Rs 3,694 crore in the March quarter as against Rs 3,190 crore in the corresponding period a year earlier and the pre-tax profit came in at Rs 182 crore.

 

Revenue from hotels business has seen a 38 per cent drop to Rs 302 crore in the March quarter from Rs 495 crore in the year-ago period. During the quarter, it has also seen a loss of Rs 40 crore versus a profit of Rs 38 crore in the year-ago period.