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ITC Q2 net up 4 pc at Rs 802 cr

Posted by Yogesh on Friday, 24 October, 2008

MUMBAI: Diversified conglomerate ITC Ltd on Friday said its net profit for the second quarter ended September 30 stood at Rs 802.72 crore, a 4.13 per cent growth over the corresponding period last year.

The company had a net profit of Rs 770.87 crore in the same quarter of FY’08, ITC said in a filing to the Bombay Stock Exchange.

Net income of the company rose to Rs 3,862.67 crore for the quarter under review, from Rs 3,318.36 crore in the same period a year ago.

For the half year ended September 30, it has posted a net profit of Rs 1,551.39 crore, against Rs 1,553.74 crore for the corresponding period a year ago.

Net income rose to Rs 7,796.67 crore for the half year quarter under review, from Rs 6,633.05 crore in the same quarter last fiscal.

During the quarter, the company made a further investment of Rs 60 crore in the equity capital of ITC Infotech India, a wholly-owned subsidiary of the company.

Shares of the company were trading at Rs 152, down 9.93 per cent in the afternoon trade on the BSE. Source The Economic Times

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