ITC Ltd Reports Strong Q4 Performance with 22.66% Increase in Net Profit; FY23 Net Profit Surpasses FY22 Figures

ITC Ltd, a diversified entity, has reported a 22.66% increase in consolidated net profit for the fourth quarter ended March 2023. The net profit rose to Rs 5,225.02 crore compared to Rs 4,259.68 crore in the same period last year, according to the company’s regulatory filing. Consolidated revenue from operations also saw growth, reaching Rs 19,058.29 crore, up from Rs 17,754.02 crore in Q4 FY22. Total expenses for the quarter increased to Rs 12,907.84 crore from Rs 12,632.29 crore in the previous year. For the fiscal year ending March 31, 2023, ITC Ltd reported a consolidated net profit of Rs 19,427.68 crore, surpassing the Rs 15,485.65 crore recorded in FY22. The company’s consolidated revenue from operations in FY23 stood at Rs 76,518.21 crore, compared to Rs 65,204.96 crore in the previous year.