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ITC Net Rises to Rs 903 crore in Third Quarter, Up By 9 percent

MP Rana


ITC which holds a diversified presence in large number of sectors and industries, today reported a net profit of Rs 903.21 crore in the third quarter with a growth rate of 9 percent. FMCG business segment with strong revenues is among the major area that contributed to these fine results as per the current economic situation.


ITC posted a net profit of Rs 830.72 crore in the corresponding quarter of 2007-09. The revenues of the company from the FMCG segment jumped to Rs 2,713.64 crore at a growth rate of 16 percent in the third quarter this financial year, whereas it achieved a figure of Rs 2,339.65 crore last year three months period.


According to filing released to the BSE, total income in Q3 rose 10.03 percent to Rs 3,956.21 crore from Rs 3,595.39 crore achieved in the last year. However, the other income of ITC saw a drop of 29 percent in the third quarter from Rs 137.40 crore to Rs 97.56 crore.

 
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