ITC Q1 profit at Rs462 crore

Kolkata: ITC Ltd has recorded a 16.3 per cent growth in its profit after tax at Rs 461.99 crore as against the Rs397.22 crore during the corresponding quarter of last financial year. Net turnover at Rs1,775 crore (Rs1,429 crore) has shown an increase of 24.2 per cent

Profit before tax has jumped to Rs674.51 crore (Rs604.14 crore). Earnings per share for the quarter are placed at Rs18.65. Net interest payout is at Rs12.92 crore (Rs5.46 crore).

During the quarter, Landbase India Ltd has become a wholly owned subsidiary, consequent to ITC increasing its shareholding in the venture from 70 per cent to 100 per cent. Ansal Hotels Ltd has now become a subsidiary of ITC consequent to conversion of loan and interest due from that company into equity.

ITC has informed that the e-Choupal network was further ramped up to nearly 4,100 installations, reaching out over 2.4 million farmers in Madhya Pradesh, Uttar Pradesh, Maharashtra, Rajasthan, Karnataka and Andhra Pradesh.