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ITC reports 4% fall in Q4 consolidated net profit

23 May 2024 Evaluate

ITC has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 9.90% fall in its net profit at Rs 5,020.20 crore for the quarter under review as compared to Rs 5,572.07 crore for the same quarter in the previous year. Total income of the company decreased by 1.25% at Rs 18,551.46 crore for Q4FY24 as compared Rs 18,787.19 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 3.99% fall in its net profit at Rs 5,190.71 crore for fourth quarter ended March 31, 2024 as compared to Rs 5,406.52 crore for the same quarter in the previous year. Total income of the company decreased marginally at Rs 20,130.32 crore for Q4FY24 as compared Rs 20,141.33 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 8.90% rise in its net profit at Rs 20,421.97 crore as compared to Rs 18,753.31 crore for the previous year. Total income of the company increased by 1.31% at Rs 73,643.57 crore for year under review as compared to Rs 72,688.89 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 6.54% rise in its net profit at Rs 20,751.36 crore as compared to Rs 19,476.72 crore for the previous year. Total income of the company increased by 1.36% at Rs 79,568.33 crore for year under review as compared to Rs 78,498.70 crore for year ended March 31, 2023.

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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