ITC shares gain over 4 pc after Q4 earnings

June 29, 2020 11:43

Shares of ITC on Monday gained over 4 per cent after the company reported 9.28 per cent rise in its consolidated net profit for the fourth quarter ended March 31.

The scrip rose 4.10 per cent to Rs 203.10 on BSE. On NSE, it gained 3.99 per cent to Rs 203. ITC on Friday reported 9.28 per cent rise in its consolidated net profit to Rs 3,926.46 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 3,592.80 crore during the January-March quarter of the previous fiscal, ITC said in a regulatory filing.

However, its revenue from operations was down 4.93 per cent to Rs 12,560.64 crore during the quarter under review as against Rs 13,212.19 crore in the corresponding period previous fiscal.

-- PTI

« Back to LIVE

TOP STORIES

India may not travel to Pakistan for Champions Trophy: Report

India are unlikely to travel to Pakistan for the ICC Champions Trophy next year, which could also be in the hybrid model like the 2023 Asia Cup.

Ajit Pawar's wife gets clean chit in MSCB 'scam' case

The EOW stated in its closure report that it did not see any criminality or wrongdoing in the matter, adding that the bank in question did not suffer any losses in the process of sanctioning loans or selling the Jarandeshwar Sugar Mill.

Kotak Bank barred from onboarding customers online, issuing fresh credit cards

Cracking down on repeated non-compliance of IT norms, the RBI on Wednesday barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect after...

Sensex, Nifty climb on firm trend in global markets

From the Sensex basket, JSW Steel, Tata Steel, Power Grid, Kotak Mahindra Bank, UltraTech Cement, NTPC and Bajaj Finance were the major gainers. Tata Consultancy Services, Tech Mahindra, Maruti, Reliance Industries and Titan were among...

It's Modi govt that wanted to bring inheritance tax: Cong

Amid the row over Congress leader Sam Pitroda's remarks, the party on Wednesday asserted that it has no plans whatsoever to introduce an inheritance tax and cited former Union minister Jayant Sinha's remarks to allege that it is the Modi...