ITC adjusted profit falls 3.7% to Rs 3,662 crore, declares interim dividend

Diversified conglomerate ITC recorded an 11.4 per cent drop year-on-year (YoY) in its consolidated profit to Rs 3,587.09 crore in the December quarter. However, the company said profit after tax stood at Rs 3,662.85 crore, representing a decline of 3.7 per cent, on a comparable basis, after adjusting for a one-time benefit of Rs 340 crore in base period due to reduction of corporate tax rate.
 
Revenues from operations was up by 6 per cent to Rs 14,124.48 crore from Rs 13,307.54 crore in the year-ago period.  A strong sequential recovery momentum continues across segments, including cigarettes, the company