ITC Fourth Quarter Results – Shocking! ITC’s Profits Plummet by 4% in Q4, Dividend Declared: Find Out Why?

The profit of FMCG company ITC, which makes cigarettes and soaps, in the ITC fourth quarter results FY24 (January-March) profit declined by 4% on an annual basis (YoY) to Rs. 5120.55 crore. The company’s consolidated net profit in the same quarter a year ago was Rs.5,335.23 crore.

The company has announced a final dividend of Rs. 7.50 per share for the financial year 2024. When companies give a part of the profits to their shareholders, it is called dividend. ITC released its fourth quarter and annual results today i.e. on 23 May.

ITC Fourth Quarter Results: Income Declined By 0.19% Year-on-Year

Consolidated revenue from operations of ITC declined by 0.19% on an annual basis. Revenue from operations stood at Rs.19,446.49 crore in Q4FY24. Revenue in the same quarter a year ago i.e. fourth quarter of FY23 was Rs.19,484.50 crore.

ITC Results Q4: The Company’s Profit Increased By 6.60% in FY 2024

ITC’s consolidated profit for the full financial year 2024 increased by 6.60% to Rs. 20,458.78 crore. The profit in FY 2023 was Rs. 19,191.66 crore.

ITCQ4 Results: Revenue to Grow By 0.42% in FY24

ITC’s consolidated revenue increased to Rs. 76,840.49 crore in FY 2024. The revenue was Rs. 76,518.21 crore in FY 2023. That is, there has been an increase of 0.42% in revenue.

What is Standalone and Consolidated?

The results of companies come in two parts – standalone and consolidated. In standalone, the financial performance of only one unit is shown. Whereas, in consolidated or consolidated financial report, the report of the entire company is given.

ITC Shares Gave Only 3.22% Return in One Year

After the results, today ITC’s stock is trading at Rs. 442.65, up 0.63%. In the last one year, it has given a return of only 3.22%. In the last 6 months, the stock has risen by more than 0.59%. The company’s market cap is Rs 5.53 lakh crore.

Disclaimer

Information here is for education only. Not investment advice. Consult a financial advisor for decisions."

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