ITC Q3 net profit jumps 17% YoY

FMCG major ITC on Friday announced a 16.75 per cent year-on-year increase in net profit at Rs 3,090.20 crore for the December-ended quarter.

It had reported a net profit of Rs 2,646.73 crore in the same quarter last year.

Exceptional gain of Rs 412.90 crore in respect of Tamil Nadu entry tax that has been written back during the current quarter based on a favourable order of the Supreme Court boosted the bottom line.


ET Now poll had predicted a net profit of Rs 2,834 crore in Q3 of 2017-18.

Total income declined 35.86 per cent year-on-year to Rs 10,579.11 crore during the quarter under review, from Rs 14,257.91 crore in the same period last year.

Stock of ITC closed 0.37 per cent up at Rs 273.85 on BSE.

Revenue from hotels increased 9.15 per cent year-on-year to Rs 404.44 crore for the quarter ended December. It had posted hotel revenue of Rs 370.51 crore in the same quarter last year.