ITC Ltd on Thursday reported an 22.7% year-on-year rise in its consolidated net profit for the fiscal’s fourth quarter ended March (Q4FY23) to ₹5,225.02 crore. The cigarette maker had reported a profit of ₹4259.68 crore in the year-ago period. ITC Ltd share price closed at ₹419.35 apiece, down nearly 2% on BSE.
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The consolidated net profit for the period (Q4FY23) attributable to the owners of the parent stood at ₹5,175.48 crore from ₹4,195.69 crore in Q4FY22.
For Q4FY23, the consolidated revenue from operations was down 7.3% on year at ₹19,058.29 crore from ₹17,754.02 crore in Q4FY22. Sequentially, the revenue marginally rose from ₹19,020.65 crore.
The company’s consolidated total income for Q4FY23 stood at ₹19,667.94 crore from ₹18,252.64 crore in Q4FY22.
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The board has recommended final dividend of ₹6.75 and special dividend of ₹2.75 for the financial year ended March 31, 2023.
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The total expenses also rose to ₹12,907.84 crore from ₹12,632.29 crore year-on-year.
The company reported a rise of 430 basis points in its Q4FY23 EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) margin at 37.9% versus 33.6% on a year-on-year (YoY) basis.
The company’s EBITDA stood at ₹6,209 crore during Q4FY23 up by 18.9% YoY from ₹5,224 crore recorded during the year-ago quarter.
The board has recommended final dividend of ₹6.75 and special dividend of ₹2.75 for the financial year ended March 31, 2023.
“Together with the interim dividend of ₹6.00 per share paid on March 3, total dividend for the financial year ended 31st March, 2023 amounts to ₹15.50 per share,” said the company in an exchange filing.
