ITC Q2 net up 4% at Rs802 cr

ITC Q2 net up 4% at Rs802 cr


Mumbai: Diversified conglomerate ITC Ltd today said its net profit for the second quarter ended 30 September stood at Rs802.72 crore, a 4.13% growth over the corresponding period last year.

The company had a net profit of Rs770.87 crore in the same quarter of FY’08, ITC said in a filing to the Bombay Stock Exchange.

Net income of the company rose to Rs3,862.67 crore for the quarter under review, from Rs3,318.36 crore in the same period a year ago.

For the half year ended 30 September, it has posted a net profit of Rs1,551.39 crore, against Rs1,553.74 crore for the corresponding period a year ago.

Net income rose to Rs7,796.67 crore for the half year quarter under review, from Rs6,633.05 crore in the same quarter last fiscal.

During the quarter, the company made a further investment of Rs60 crore in the equity capital of ITC Infotech India, a wholly-owned subsidiary of the company.

Shares of the company were trading at Rs152, down 9.93% in the afternoon trade on the BSE.