According to a release issued by the Bombay Stock Exchange on Friday, the total income increased from Rs 1938.16 crore (Rs 19.38 billion) in Q4-04 to Rs 2236.43 crore (Rs 22.36 billion) for the quarter ended March 31, 2005.
ITC has posted a profit after taxation of Rs 2191.4 crore (Rs 21.91 billion) for the year ended March 31, 2005 as compared to Rs 1592.85 crore (Rs 15.92 billion) for the year ended March 31, 2004.
The total income is Rs 7875.26 crore (Rs 78.75 billion) for the year ended March 31, 2005 as against Rs 6695.32 crore (Rs 66.95 billion) in FY-04.
In accordance with the scheme of amalgamation of ITC Hotels and Ansal Hotels Ltd, the assets and liabilities of the erstwhile ITC Hotels and Ansal Hotels were transferred to and vested in the company with effect from April 01, 2004.
The scheme has accordingly been given effect to in these results, and its impact reflected in the quarter ended March 31, 2005 and twelve months ended March 31, 2005.
Consequently, the figures for the previous year are not comparable to those of the current year.
The board of directors has recommended a dividend of Rs 31 per share of Rs 10 each for the financial year ended March 31, 2005.
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