ITC Q4 net profit up 19 per cent at Rs 1,928 cr, meets estimates

Diversified conglomerate ITC Ltd has reported a 19.42 per cent jump in net profit at Rs 1,927.98 crore for the fourth quarter ended March 31, 2013.

The company had posted a net profit of Rs 1,614.36 crore in the same period of previous financial year.

"Net sales of the company rose to Rs 8,180.30 crore for the fourth quarter ended March 31, 2013, compared to Rs 6,861.35 crore in the same period of previous fiscal," the company said in a filing to the Bombay Stock Exchange.

ITC has interests in FMCG, hotels, paperboards and packaging, tobacco products and information technology.

The company's board, which met on Friday, has recommended a dividend of Rs 5.25 per share of Re 1 each for the financial year ended March 31, 2013.



The Kolkata-based company's net profit for the entire 2012-13 financial year rose 20.38 per cent to Rs 7,418.39 crore, against Rs 6,162.37 crore in the 2011-12 year.

Net sales of the company during the year jumped to Rs 29,605.58 crore, compared to Rs 24,798.43 crore in 2011-12.

Shares of ITC were trading near flat at Rs 334.10 in afternoon trade on BSE.

With inputs from PTI