ITC Q2 net up 21 pc at Rs 1,836 crore

Diversified conglomerate ITC Ltd on Friday reported a 21.27 per cent increase in its net profit at Rs 1,836.42 crore for the second quarter ended September 30, over the same period of previous fiscal.

The company had posted a net profit of Rs 1,514.31 crore for the same period of previous financial year, ITC Ltd said in a filing to the BSE.

Net sales of the company rose to Rs 7,146 crore for the second quarter, as against Rs 5,974.18 crore during the corresponding period of 2011-12 fiscal.

ITC Group has presence in verticals like-- FMCG, Hotels, Paperboards, Paper & Packaging and Agri Business.

Shares of ITC were trading at Rs 295.30 on the BSE in afternoon trade, up 1.34 per cent from its previous close.