ITC Q2 net increases nearly 6% at Rs 2,640 cr
Revenue rises 7% to Rs 10,314 cr LATEST NEWS : ITC Ltd reported almost 6% rise in net profit at Rs 2,640 cr for the September quarter as against Rs 2,500 crore in year-ago period. Revenue increased 7% to Rs 10,314 crore as compared to Rs 9,661 crore in September 2016. Diversified group ITC Ltd today reported a 5.59 per cent increase in its standalone net profit at Rs 2,639.84 crore for the quarter ended September 2017, riding on lower expenses. The company had posted a net profit of Rs 2,500.03 crore during July-September of 2016, ITC Ltd said in a regulatory filing. Total income during the quarter under review was Rs 10,258.13 crore as against Rs 14,091.96 crore in the year-ago period. The company said total income from operations during the quarter is not comparable with the previous periods due to introduction of GST from July 1. Consequent on introduction of GST, central excise, VAT etc have been replaced by the one unified tax. In accordance with Indian ac...