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ITC reports 16% rise in Q1 consolidated net profit

14 Aug 2023 Evaluate

ITC has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 17.59% rise in its net profit at Rs 4902.74 crore for the quarter under review as compared to Rs 4169.38 crore for the same quarter in the previous year. However, total income of the company decreased by 4.98% at Rs 17704.23 crore for Q1FY24 as compared Rs 18632.85 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 16.09% rise in its net profit at Rs 5180.12 crore for the first quarter ended June 30, 2023 as compared to Rs 4462.25 crore for the same quarter in the previous year. However, total income of the company decreased by 3.92% at Rs 19361.78 crore for Q1FY24 as compared Rs 20152.00 crore for the corresponding quarter previous year.

Peers
Company Name CMP
ITC 260.25
Godfrey Phillips Ind 1928.00
VST Industries 204.05
Indian Wood Products 33.86
NTC Industries 134.70
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