ITC Q3 profit falls 11% YoY to Rs 3,587 crore, declares interi | STOCK OPTIONS

ITC Q3 profit falls 11% YoY to Rs 3,587 crore, declares interim dividend
BS Web Team | 11/02/2021 | 3 hours ago

Cigarette-to-hotel conglomerate ITC on Thursday reported a consolidated net profit of Rs 3,587 crore for the quarter ended December 31, 2020 (Q3FY21), down 11 per cent from Rs 4050.40 crore clocked in the corresponding quarter a year earlier (Q3FY20).


Consolidated revenue from operations rose to Rs 14,124 crore during the quarter from Rs 13,307 crore in the year-ago period, an increase of about 6 per cent.


Segment wise, revenue from cigarettes business came in at Rs 6,091.17 crore from Rs 5,944.86 crore a year ago, while the non-cigarette FMCG businesses recorded a revenue of Rs 3,752.61 crore. Meanwhile the company clocked Rs 9,843.78 crore in revenue from the total FMCG business.


The earnings before interest and tax (EBIT) or pre-tax profit for the cigarette business declined 8.68 per cent at Rs 3658.65 crore during the quarter from Rs 4,006.39 crore in the year-ago period. ITC recored a massive jump (about 125 per cent) in pre-tax profit for non-cigarette FMCG business at Rs 243.17 crore.