ITC meets Street estimates; Q4 profit up by 9.89% at Rs. 29.33 billion

In line with Street estimates, diversified conglomerate ITC Ltd posted a 9.89 per cent rise in its net profit at Rs. 29.33 billion for the quarter ended March 31, 2018, with a total revenue, inclusive of other income, at Rs. 113.30 billion. The net profit during the corresponding quarter of the 2016-17 fiscal year stood at Rs. 26.69 billion, backed by a revenue of Rs. 154.11 billion.

In a statement, the company said that owing to the GST rollout, the revenue is not comparable.

On a comparable basis, Gross Sales Value (GSV), inclusive of rebates and discounts, stood at Rs.