ITC reports 8% rise in Q2 net profit
Date: 31-10-2014ITC has reported results for second quarter ended September 30, 2014.
The company has registered 8.73% rise in its net profit at Rs 2425.16 crore for the quarter under review as compared to Rs 2230.53 crore for the same quarter in the previous year. Total income of the company has increased 15.68% at Rs 9379.96 crore for Q2FY15 as compared Rs 8108.72 crore for the corresponding quarter previous year.
The Scheme of Arrangement between Wimco and the company became effective on June 27, 2014 on filing of the Order of the High Court with the respective Registrar of Companies. The Scheme, with effect from April 01, 2013, provided for the demerger of the Non Engineering Business of Wimco into the company. The results for the quarters ended June 30, 2014 and September 30, 2014 and for the six months ended September 30, 2014 reflect the effect of the Scheme, and consequently, the figures for the previous periods are not strictly comparable.