ITC Q4 PAT slips 1.3% to ₹5,020 crore, board recommends final dividend of ₹7.50 per share
The Hindu
ITC Ltd. reports slight profit decline in Q4, with FY24 net profit up 8.9% and final dividend declared.
ITC Ltd. reported fourth-quarter standalone net profit slid 1.3% from the year-earlier period to ₹5,020.20 crore.
Revenue from operations marginally grew to ₹17,752.87 crore from ₹17,506.08 crore.
For FY24, net profit grew 8.9% to ₹20,422 crore as compared with Rs 18,753.31 crore in the previous year.
Revenue from operations dipped to ₹70,105.29 crore from ₹70,251.28 crore in the previous year.
The Board has recommended a final dividend of ₹7.50 per share. Including interim dividend of ₹6.25 per share paid on February 27, the total dividend for the financial year ended March 31 amounted to ₹13.75 per share of ₹1 each.
“The company delivered a resilient performance during the year amidst a challenging macroeconomic and operating environment on a high base (FY23 Gross Revenue and EBITDA grew 17.6% and 26.5% respectively),” the company said in a filing.
Minister for Local Self-Governments M.B. Rajesh distributed the Swaraj Media Awards at Guruvayur on Wednesday. S.R. Praveen, Principal Correspondent, The Hindu, received the Swaraj Media Award (Print Media) for his report “Foot soldiers of Kerala’s silent revolution against waste.”
AIMIM urges Maharashtra government to allow Muslim employees and students to leave an hour early during Ramzan.
Samsung India Workers Union (SIWU) plans a massive strike on March 7 over suspended workers, amid ongoing negotiations with management.
Health Minister inaugurates development projects worth ₹1.60 crore in Virugambakkam, Chennai funded by MP and MLA.
Uttar Pradesh jails to bring holy water from Maha Kumbh to all prisons for inmates to participate.
NGT criticizes UPPCB for lack of data on faecal coliform levels in Ganga and Yamuna rivers during Maha Kumbh.
Voorhees College wins All India Football Tournament at VIT's Riviera-2025, with principal congratulating team.
Retteri lake restoration project near completion, increasing storage capacity for fresh water supply in Chennai by next monsoon.
Delhi High Court advocates understanding over punishment in cases of adolescent love, prioritizing safety and well-being of young individuals.
Congress president Mallikarjun Kharge emphasizes accountability and strengthening party organization in a meeting with AICC office-bearers.
Karnataka High Court upholds ₹1.28 crore compensation ruling for victims of electricity accidents, including minors, during 2017-18.
Residential building in Thippasandra tilts in East Bengaluru, occupants narrowly escape; authorities take swift action to prevent further damage.
Rekha Gupta named Delhi's Chief Minister after BJP's victory, defeating AAP's Bandana Kumari by 29,595 votes.