ITC Q4 profit jumps 18.73% to Rs 3,482 crore, revenue rises 14.26%

ITC said it will be focusing on the 'asset-right' strategy

Beating Street estimates, ITC posted an 18.73 per cent increase in net profit at Rs 3,481.90 crore during the quarter ended March 31, 2019, even as total revenue grew by 14.26 per cent to Rs 12,946.21 crore. 

Profit and revenue during the corresponding quarter of the 2017-18 fiscal year stood at Rs 2,932.71 crore and Rs 11,329.74 crore, respectively.

In a statement, the company said strong growth in gross revenue was driven by trading opportunities in oilseeds, wheat and coffee in the agro segment. 

It was also helped by higher volumes and improved realisations from the paperboards business vertical and improvement in earnings