Cigarette-to-hotel conglomerate ITC on Thursday reported a consolidated internet revenue of Rs 3,587 crore for the quarter ended December 31, 2020 (Q3FY21), down 11 percent from Rs 4050.40 crore clocked within the corresponding quarter a 12 months earlier (Q3FY20).
Consolidated income from operations rose to Rs 14,124 crore throughout the quarter from Rs 13,307 crore within the year-ago interval, a rise of about 6 percent.
Section sensible, income from cigarettes enterprise got here in at Rs 6,091.17 crore from Rs 5,944.86 crore a 12 months in the past, whereas the non-cigarette FMCG companies recorded a income of Rs 3,752.61 crore. In the meantime the corporate clocked Rs 9,843.78 crore in income from the entire FMCG enterprise.
“The cigarette volumes and income witnessed sturdy sequential restoration led primarily by metros and enormous city markets on the again of progressive easing of restrictions and enhanced mobility,” the corporate stated in a inventory change submitting
Income from accommodations enterprise fell by 57 percent to Rs 248.8 crore from Rs 574.26 crore within the 12 months in the past interval.
“The working atmosphere remained difficult at the same time as financial exercise picked up tempo progressively throughout the quarter with the easing of restrictions and elevated mobility,” the corporate stated.
ITC’s board declared an interim dividend of Rs 5 per share for the present monetary 12 months and it will likely be paid on March 10, 2021 to these members entitled.
The income from agri enterprise rose by 19.3 percent at Rs 2,694 crore in contrast with Rs crore 2,258 crore throughout the identical interval a 12 months. The corporate recorded Rs 1,477.5 crore in revenues from paperboards, paper and packaging enterprise, marginally down from Rs 1,555.36 crore in the identical quarter a 12 months earlier.
ITC’s complete bills stood at Rs 9,765.56 crore within the December quarter, a rise of about 11.2 percent in comparison with Rs 8,779.1 crore in the identical interval a 12 months in the past.
On Thursday, the corporate’s scrip on BSE closed 0.53 percent decrease at Rs 226.45. Aided by the federal government’s resolution to not change the established order on taxes on cigarettes, the inventory has rallied about 11 percent because the Finances.