ITC Ltd's Steady Q2 Growth: A Financial Analysis

ITC Ltd reported a 1.8% increase in consolidated net profit, reaching Rs 5,054.43 crore in Q2 2024. This compares to Rs 4,964.52 crore a year earlier. Revenues grew 15.62% to Rs 22,281.89 crore, with total expenses rising by 20.92%. Shares closed at Rs 471.85, down 1.81%.

ITC Ltd on Thursday announced a 1.8% rise in its consolidated net profit for the second quarter, totaling Rs 5,054.43 crore, compared to Rs 4,964.52 crore in the same period last year. This financial growth reflects robust performance amidst economic challenges.

The conglomerate's revenue from operations experienced a substantial 15.62% increase, climbing to Rs 22,281.89 crore in the quarter ending September 2024, from Rs 19,270.02 crore in the previous fiscal year's equivalent time frame.

Despite the revenue surge, ITC saw its total expenses soar by 20.92%, reaching Rs 16,056.86 crore. Nevertheless, including other income, the company's total income rose by 14.86% to Rs 22,897.85 crore. On Thursday, ITC shares concluded trading at Rs 471.85 on the BSE, a decline of 1.81% from the last session.

(With inputs from agencies.)