ITC gains on reporting 16% rise in Q1 consolidated net profit
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ITC is currently trading at Rs. 453.30, up by 4.35 points or 0.97% from its previous closing of Rs. 448.95 on the BSE.
The scrip opened at Rs. 451.90 and has touched a high and low of Rs. 457.40 and Rs. 448.45 respectively. So far 150469 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 499.60 on 24-Jul-2023 and a 52 week low of Rs. 308.65 on 29-Aug-2022.
Last one week high and low of the scrip stood at Rs. 459.75 and Rs. 444.80 respectively. The current market cap of the company is Rs. 559608.97 crore.
The Institutions and Non-Institutions held 85.59% and 14.41% stake respectively in the company.
ITC has reported 17.59% rise in its net profit at Rs 4902.74 crore for the quarter ended June 30, 2023 as compared to Rs 4169.38 crore for the same quarter in the previous year. However, total income of the company decreased by 4.98% at Rs 17704.23 crore for Q1FY24 as compared Rs 18632.85 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 16.09% rise in its net profit at Rs 5180.12 crore for the first quarter ended June 30, 2023 as compared to Rs 4462.25 crore for the same quarter in the previous year. However, total income of the company decreased by 3.92% at Rs 19361.78 crore for Q1FY24 as compared Rs 20152.00 crore for the corresponding quarter previous year.
