look news india
New Delhi, May 23 (HS). ITC Limited has announced the results for the financial year 2023-24. ITC's profit related to miscellaneous business declined marginally to Rs 5,190.71 crore in the fourth quarter ended March 31, 2024.
ITC Limited informed the stock market on Thursday that the company's consolidated net profit declined to Rs 5,190.71 crore in the fourth quarter ended March 31, 2024. In the fourth quarter of the previous financial year 2022-23, the company had a profit of Rs 5,242.59 crore. In the fourth quarter, the company's operating income increased by two per cent to Rs 19,446.49 crore, from Rs 19,058.29 crore in the same quarter of the previous financial year.
It is noteworthy that ITC, a fast-growing consumer goods to hotels and cigarettes business, has recommended a final dividend of Rs 7.50 per share for the financial year ending March 31, 2024. Thus, with the interim dividend of Rs 6.25 per share declared on January 29, 2024, the total dividend for the financial year will be Rs 13.75 per share.
