ITC has reported a rise of nearly 24 per cent in the standalone net profit for the quarter ended September 30, 2010. The net sales of the company has risen by nearly 18 per cent.
According to a company announcement on NSE, the FMCG major clocked a net profit of Rs 1,246.74 crore during the three month period ended September 30, 2010.
This is higher by 23.45 per cent over Rs 1,009.91 crore - net profit for the quarter ended September 30, 2009. Meanwhile, the net sales for the second quarter of the current financial year (Q2FY11) is Rs 5,061.20 crore, as against Rs 4,292.59 crore for Q2FY10.
Shares of ITC gained marginal ground on NSE to trade at Rs 168.15.
