Cigarette-FMCG-to-hotel major ITC on July 24 has reported a 28.6 percent year-on-year growth in standalone profit at Rs 3,013.5 crore in the quarter ended June 2021, partly driven by low base in the year-ago quarter. The Q1FY21 quarter was impacted by first wave of Covid-19.
Profit was at Rs 2,342.76 crore in corresponding period previous fiscal.
Revenue from operations in Q1FY22 increased 36.4 percent year-on-year to Rs 12,959.15 crore, and revenue (excluding excise duty) jumped 37.1 percent YoY to Rs 12,217.13 crore during the quarter.
At the operating level, earnings before interest, tax, depreciation and amortisation (EBITDA) shot up 50.8 percent to Rs 3,992.16 crore compared to year-ago quarter.
Other income during the quarter fell 52.2 percent to Rs 428.99 crore.
ITC shares gained 1.6 percent in the current calendar year 2021, and climbed 6.4 percent in last one year to close at Rs 212.4.
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