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Business News/ Markets / Stock Markets/  ITC Q4FY23 Results: Net profit up 22.7% to 5,225.02 crore, declares dividend
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ITC Q4FY23 Results: Net profit up 22.7% to ₹5,225.02 crore, declares dividend

ITC Q4FY23 Results: The company reported an 22.7% year-on-year rise in its consolidated net profit for the fiscal's fourth quarter ended March (Q4FY23) to ₹5,225.02 crore.

ITC Ltd share price closed at ₹419.35 apiece, down nearly 2% on BSE.Premium
ITC Ltd share price closed at 419.35 apiece, down nearly 2% on BSE.

ITC Ltd on Thursday reported an 22.7% year-on-year rise in its consolidated net profit for the fiscal's fourth quarter ended March (Q4FY23) to 5,225.02 crore. The cigarette maker had reported a profit of 4259.68 crore in the year-ago period. ITC Ltd share price closed at 419.35 apiece, down nearly 2% on BSE.

The consolidated net profit for the period (Q4FY23) attributable to the owners of the parent stood at 5,175.48 crore from 4,195.69 crore in Q4FY22.

For Q4FY23, the consolidated revenue from operations was down 7.3% on year at 19,058.29 crore from 17,754.02 crore in Q4FY22. Sequentially, the revenue marginally rose from 19,020.65 crore.

The company's consolidated total income for Q4FY23 stood at 19,667.94 crore from 18,252.64 crore in Q4FY22.

ITC share price jumps ahead of Q4 results today. Where do experts see stock going?

The total expenses also rose to 12,907.84 crore from 12,632.29 crore year-on-year.

The company reported a rise of 430 basis points in its Q4FY23 EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) margin at 37.9% versus 33.6% on a year-on-year (YoY) basis.

The company's EBITDA stood at 6,209 crore during Q4FY23 up by 18.9% YoY from 5,224 crore recorded during the year-ago quarter.

The board has recommended final dividend of 6.75 and special dividend of 2.75 for the financial year ended March 31, 2023.

“Together with the interim dividend of 6.00 per share paid on March 3, total dividend for the financial year ended 31st March, 2023 amounts to 15.50 per share," said the company in an exchange filing.

ITC Q4 results: Share price falls over 2% after announcement of Q4 earnings

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Published: 18 May 2023, 03:13 PM IST
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