Different The country’s veteran company ITC today announced its financial results. ITC said that they had a profit of Rs 19,807.8 crore in the fourth quarter of FY 2024-25. Let us tell you that in the fourth quarter of FY 2023-24, the company had a profit of Rs 5013.18 crore. This simply means that in the March quarter, the company’s net profit has recorded an increase of more than 395 percent (about 4 times).
Company’s profit increased by 68.9 percent in the entire financial year 2024-25
ITC Limited said in the information given to the stock market that during this period the company’s operational income was almost stable at Rs 20,376.3 crore. It was Rs 20,349.9 crore in the same quarter last year. The company said that the company’s net profit increased by 68.9 percent to Rs 35,052 crore in the entire financial year 2024-25. It was Rs 20,751 crore in FY 2023-24. In the financial year 2024-25, the company’s operational income increased by 10.4 percent to Rs 81,612.78.
The company will give a dividend of Rs 7.85 on one share
The ITC said on Thursday that the Board of Directors have recommended a final dividend of Rs 7.85 on each share with a face value of Rs 1 for the financial year 2024-25. The final decision will be taken on the payment of dividend in the company’s AGM to be held on 25 July. However, the company fixed a record date for this final dividend on 28 May. If the payment of dividend in AGM is announced, then the money of the dividend will be transferred to the bank account of the shareholders between July 28 to July 31.
ITC shares closed with great decline on Thursday
However, ITC shares closed down on Thursday. The company’s shares closed at Rs 426.10 with a loss of Rs 6.85 (1.58%) on BSE today. Let us tell you that 52 weeks of ITC shares are Rs 500.01 and 52 weeks are Rs 381.24. According to BSE data, the company’s current market cap is Rs 5,33,226.64 crore.
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