ITC cuts losses after good Q4 result

The result was announced during market hours today, 17 May 2013.

Meanwhile, the S&P BSE Sensex was down 20.66 points or 0.1% at 20,226.87

On BSE, 10.17 lakh shares were traded in the counter as against average daily volume of 3.58 lakh shares in the past one quarter.

The stock lost 0.98% at the day's low of Rs 333.50. The stock hit a hit a high of Rs 341.20 so far during the day. The stock had hit a record high of Rs 355 on Saturday, 11 May 2013. The stock had hit a 52-week low of Rs 225 on 5 June 2012.

The stock outperformed the market over the past one month till 16 May 2013, rising 9.26% compared with the Sensex's 8.01% rise. The scrip had also outperformed the market in past one quarter, advancing 12.01% as against Sensex's 4% gain.

India's largest cigarette maker by sales has equity capital of Rs 790.18 crore. Face value per share is Re 1.

ITC's net profit rose 20.38% to Rs 7418.39 crore on 18.74% growth in total income to Rs 30839.97 crore in the year ended March 2013 over the year ended March 2012.

On a consolidated basis, ITC's net profit rose 21.57% to Rs 7608.07 crore on 19.02% growth in total income to Rs 32505.14 crore in the year ended March 2013 over the year ended March 2012.

ITC's board of directors at its meeting held today, 17 May 2013, recommended a dividend of Rs 5.25 per share for the financial year ended 31 March 2013.

ITC has a diversified presence in cigarettes, hotels, paperboards & specialty papers, packaging, agri-business, packaged foods & confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products. ITC is a market leader in cigarettes.

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