ITC Q4 net up 19% at Rs 1,928 crore

Diversified conglomerate ITC ltd on Friday posted 19.42 per cent rise in net profit at Rs 1,927.98 crore (Rs 19.27 billion) for the fourth quarter ended March 31.

The company had posted a net profit of Rs 1,614.36 crore (Rs 16.14 billion) in the same period of previous fiscal.

Net sales of the company rose to Rs 8,180.30 crore (Rs 81.8 billion) for the fourth quarter ended March 31, 2013, compared to Rs 6,861.35 crore (Rs 68.61 billion) in the same period of previous fiscal, ITC Ltd said in a filing to the Bombay Stock Exchange.

The Kolkata-based firm's net profit for the year ended March 31, 2013, rose by 20.38 per cent to Rs 7,418.39 crore (Rs 74.18 billion), as against Rs 6,162.37 crore (Rs 61.62 billion) in the 2011-12

fiscal.

Net sales of the company rose to Rs 29,605.58 crore (Rs 296.05 billion) for the year ended March 31, 2013, compared to Rs 24,798.43 crore (Rs 247.98 billion) in the 2011-12 financial year.

The company's board, which met on Friday, has recommended a dividend of Rs 5.25 per share of Re 1 each for the financial year ended March 31.

ITC has interests in FMCG, hotels, paperboards and packaging, tobacco products and information technology.

Shares of ITC were trading at Rs 337.50 on the BSE in late afternoon trade, up 0.21 per cent from its previous close.