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itc meets street estimates; q4 profit up by 9.89% at rs. 29.33 billion

itc meets street estimates; q4 profit up by 9.89% at rs. 29.33 billion Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



itc meets street estimates; q4 profit up by 9.89% at rs. 29.33 billion

in line with street estimates, diversified conglomerate itc ltd posted a 9.89 per cent rise in its net profit at rs. 29.33 billion for the quarter ended march 31, 2018, with a total revenue, inclusive of other income, at rs. 113.30 billion. the net profit during the corresponding quarter of the 2016-17 fiscal year stood at rs. 26.69 billion, backed by a revenue of rs. 154.11 billion. in a statement, the company said that owing to the gst rollout, the revenue is not comparable. on a comparable basis, gross sales value (gsv), inclusive of rebates and discounts, stood at rs. 179.33 billion, mainly driven by the non-cigarette fmcg and hotels business while the agri business impacted the turnover. the gsv, excluding the agri business...