ITC Q4FY23 net profit rises 21.1%, declares dividend of Rs 9.5/ share

ITC Q4 results: The revenue from operations rose 6.5 per cent to Rs 17,506.8 crore during the quarter

ITC reported a 21.1 per cent rise in its standalone net profit by 21.1 per cent to Rs 5,086.9 crore in the quarter ended March 31 as compared to Rs 4,190.9 crore in the same quarter in the previous year. 

The revenue from operations rose 6.5 per cent to Rs 17,506.8 crore during the quarter from Rs 16,426 crore in the previous year. 

The company declared a total dividend of Rs 9.5 per share.

"Recommended final dividend of Rs 6.75 and special dividend of Rs 2.75 per ordinary share of Rs 1 each for the financial year ended March 31, 2023, subject to declaration of the same by the Members at the ensuing 112th Annual General Meeting (AGM) of the company; such Dividend, if declared, will be paid between August 14, 2023 and August 17, 2023 to those Members entitled thereto," it said. 

The total expenses also rose to Rs 12,907.84 crore from Rs 12,632.29 crore a year ago.
 

For the fiscal ended March 31, 2023, consolidated net profit was Rs 19,427.68 crore compared to Rs 15,485.65 crore in FY22. In FY23, its consolidated revenue from operations stood at Rs 76,518.21 crore against Rs 65,204.96 crore in the year-ago period.