Diversified
business firm ITC on Friday posted a 20.38 per cent jump in its consolidated net profit at Rs 5,017.93 crore for the year ended March 31 over the previous year.
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.
During the year, ITC's consolidated net sales stood at Rs 22,273.66 crore, a 16.39 per cent increase from Rs 19,135.87 crore in the previous financial year. The company, however, did not provide the consolidated figure for the quarter ended March 31.
On a standalone basis, the firm had a net profit of Rs 1,281.48 crore during the quarter, a 24.63 per cent jump from Rs 1,028.22 crore in the corresponding quarter last year.
During the period, the firm's standalone net sales increased 15.48 per cent 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 per cent to Rs 4079.85 crore during the quarter.
While its hotel business grew 17.2 per cent to Rs 300 crore, its agri-business segment had a growth of 9 per cent to Rs 1,081.83 crore.
For the year-ended March 31, 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.
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