ITC Ltd Posts Modest Profit Growth Amid Rising Expenses

Diversified entity ITC Ltd reported a 1.8% increase in consolidated net profit to Rs 5,054.43 crore for the second quarter ended September 2024. The company's revenue from operations surged 15.62% to Rs 22,281.89 crore, though total expenses were 20.92% higher during the same period.

ITC Ltd, a diversified entity, announced a modest rise in consolidated net profit, reporting an increase of 1.8% to Rs 5,054.43 crore for the second quarter ending in September 2024.

Compared to the previous year, the company's revenue from operations saw a notable jump of 15.62%, reaching Rs 22,281.89 crore. However, the total expenses also climbed, marking a 20.92% increase during the quarter.

Despite these financial developments, shares of ITC Ltd saw a slight dip, closing at Rs 471.85 on the BSE, down by 1.81% from the previous session's close.

(With inputs from agencies.)