ITC's Q1 net profit declines 26% to ₹2,343 cr
1 min read . Updated: 24 Jul 2020, 08:13 PM ISTRevenue from operations decreased 17% to ₹9,502 crore
FMCG giant ITC on Friday reported 26% fall in its net profit for the quarter ending 30 June, 2020. The conglomerate reported net profit of ₹2,343 crore as against ₹3,174 crore in the year-ago period.
Revenue from operations decreased 17% to ₹9,502 crore as compared to ₹11,503 crore in June 2019.
The company said impact of Covid-19 on its properties, plants, assets, investments, trade receivables will not be significant.
On Friday, the ITC scrip on BSE closed 0.42% lower at ₹199.85.
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