ITC Ltd, which has interests in diversified businesses such as cigarettes, edible oil and hotels, has posted a 20% rise in net profit, at Rs 1,614 crore for the quarter ended March 31, 2012.. The company's profit in the corresponding period a year ago was Rs 1,281.48 crore.
The firm's total Income was up about 18%, from Rs 6,063.38 crore for the quarter ended March 31, 2011 to Rs 7,162.51 crore for the period under review. Net sales rose 17.6% to Rs 6,861 crore.
ITC Ltd has informed BSE in a fil;ing that its Board of Directors has recommended a dividend of Rs. 4.50 per ordinary share of one rupee each for the financial year ended March 31, 2012 and the dividend, if declared at the 101st Annual General Meeting of the company convened for July 27, 2012, will be paid on July 30, 2012.
Shares of the company were down 0.62% at Rs 232.05 at around 3:00pm on the Bombay Stock Exchange.
