ITC beats St estimates, Q4 net up 20% at Rs 1928 cr

Analysts on average had expected earnings of Rs 1908 crore.

FP Archives|Dec 20, 2014, 20:43:50 IST

India's largest cigarette maker, ITC Ltd, posted a 19.5 percent jump in quarterly net profit on Friday, meeting market expectations.

ITC, which makes four out of every five cigarettes sold in India, said net profit

[caption id="attachment_791921" align="alignleft" width="380"] Reuters

Reuters[/caption]

rose to Rs 1928 crore for the quarter ended March 31, from Rs 1614 crore s a year earlier. Net sales rose over 19 percent to Rs. 1,928 crore against Rs. 1,614 crore last year

Analysts on average had expected earnings of Rs 1908 crore.

Net sales of the company's Agri business to Rs 1,854 crore against Rs 1,414 crore in the year-ago period.

Hotel's net sales rose to Rs 315.5 crore against Rs 286 Crore in the year-ago period.

Agencies

Can a record May offset a shrunk international schedule and help IndiGo turn a profit?

Record domestic market share boosts operating performance, but forex losses, rising oil prices and geopolitical disruptions could weigh on IndiGo's bottom line.

3 min read

China has dominated Myanmar’s rare earth mines — now India eyes deal to harness country’s critical minerals

India is deepening rare earth cooperation with Myanmar as New Delhi seeks alternative sources of critical minerals dominated by China, including dysprosium and terbium used in EVs, defence systems and clean energy technologies

6 min read

JPMorgan to hire 1,000 technology professionals for India GCCs amid AI-led transformation

Wall Street banking giant to expand hiring across cloud, cybersecurity and AI data pipeline roles as it strengthens its India Global Capability Centres despite AI-driven workforce optimisation.

1 min read

BOJ seen raising interest rates by December as weak yen fuels inflation risks

Majority of economists expect Japan's central bank to deliver a 25-basis-point rate hike by year-end, with further policy tightening likely through 2027.

2 min read

'From make in India to launch from India': Skyroot COO on why Vikram-1 could change India’s space sector

Skyroot Aerospace’s successful Vikram-1 mission marks a major milestone for India’s private space sector, as the country seeks to shift from “Make in India” to “Launch from India” and compete in the global commercial satellite launch market

8 min read

Up Next