ITC’s FY12 consolidated net jumps by 26%

Cigarette major, ITC has reported results for the quarter and year ended March 31, 2012.

The Company ‘s net profit for the fourth quarter ended March 31, 2012 surged by 25.98% of Rs 1614.36 crore as compared to Rs 1281.48 crore for the quarter ended March 31, 2011. Total Income has increased by 18.13% to Rs 7162.51 crore for the quarter from Rs 6063.38 crore for the corresponding quarter of the previous year.

For the Year ended March 31, 2012, the Company’s net profit registered 23.55% growth at Rs 6162.37 crore as compared to Rs 4987.61 crore for the previous year. Company’s total income has increased by 17.97% to Rs 25999.16 crore for the year from Rs 22038.80 crore in the previous year.

On Consolidated basis, the Group’s net profit after taxes, minority interest and share of associates stood at Rs 6258.14 crore for the year under review as compared to Rs 5017.93 crore for the period ago, up by 24.72%. Its total income has increased by 18.28% to Rs 27336.14 crore for the year ended March 31, 2012 from Rs 23110.80 crore in the previous year.