ITC Limited, a multi-business conglomerate, announced a 25% rise in its net profit at Rs 1,281 crore for the fourth quarter ended March 31, 2011. It was Rs 1,028 crore for the corresponding period a year ago.
Its total income was up 16.5% at Rs 6,062.1 crore versus RS 5,202.1 crore.
ITC posted a 20.38% jump in its consolidated net profit at Rs 5,017.93 crore for the year ended March 31, 2011 over the previous fiscal.
In the year ended March 31, 2010, the company had a net profit of Rs 4,168.18 crore, ITC said in a filing to the Bombay Stock Exchange (BSE).
Besides, the company's Board of Directors has recommended a special dividend of Rs 1.65 per share of Re 1 each and dividend of Rs 2.80 per share each for the financial year ended March 31, 2011.
During the year, ITC's consolidated net sales stood at Rs 22,273.66 crore, a 16.39% increase from Rs 19,135.87 crore in the previous fiscal.
The company, however, did not provide the consolidated figure for the quarter ended March 31, 2011.
On a standalone basis, the firm had a net profit of Rs 1,281.48 crore during the quarter, a 24.63% jump from Rs 1,028.22 crore in the corresponding quarter previous fiscal.
During the period, the firm's standalone net sales increased by 15.48% to Rs 5,836.26 crore from Rs 5,053.79 posted in the year-ago period.
The company witnessed revenue growth across all segments that it operates. The FMCG segment, which includes both its cigarette and non-cigarette businesses like personal care and foods, witnessed a growth of 14% to Rs 4079.85 crore during the quarter.
While its hotel business grew by 17.2% to Rs 300 crore its agri-business segment had a growth of 9% to Rs 1081.83 crore.
For the year-ended March 31, 2011, the company had a standalone net profit of Rs 4,987.61 crore while it had a net sales of Rs 21,167.58 crore.
Shares of ITC were trading at Rs 186.10 in the late evening trade on the BSE, down 1.66% from the previous close.
