ITC Ltd Shares Surge Following Q2 Profit Rise

Shares of ITC Ltd jumped nearly 5% as the company reported a 1.8% increase in net profit for Q2, ending September 2024. This amounted to Rs 5,054.43 crore. The stock emerged as the top performer on Sensex and Nifty, with revenues and total income also seeing significant growth.

On Friday, shares of ITC Ltd soared almost 5% in the stock market after the conglomerate posted a 1.8% rise in consolidated net profit for the second quarter ending September 2024.

The company's stock price surged to Rs 493.50 on both the BSE and NSE, making it the best performer among firms listed on the Sensex and Nifty indices.

ITC Ltd reported a second-quarter net profit of Rs 5,054.43 crore, compared to Rs 4,964.52 crore in the same period last year. Along with an increase in profits, the company also experienced a 15.62% rise in revenue and a 20.92% increase in total expenses.

(With inputs from agencies.)