ITC Q2 net increases nearly 6% at Rs 2,640 cr

Revenue rises 7% to Rs 10,314 cr

Country's biggest cigarette maker ITC Ltd reported almost 6% rise in net profit at Rs 2,640 cr for the September quarter as against Rs 2,500 crore in year-ago period, helped by lower costs.

Total income during the quarter under review was Rs 10,258.13 crore as against Rs 14,091.96 crore in the year-ago period.

The company said total income from operations during the quarter is not comparable with the previous periods due to introduction of GST from July 1.

Consequent on introduction of GST, central excise, VAT etc have been replaced by the one unified tax. In accordance with Indian accounting standards 18