ITC Q3 results: Net profit rises 6% YoY; here are five key highlights

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₹5,335 crore for the quarter ending in December, beating market estimates. This marks a notable rise from the ₹5,006 crore reported in the corresponding period of the previous year. Sequentially, net profit grew 13 percent from ₹4,927 crore in the September quarter.

Also read: Bajaj Finance Q3 results: Net profit rises 22%, NII increases 29% to ₹7,655 crore In the December quarter, there was a 2 percent year-on-year (YoY) increase in revenue from operations, amounting to ₹19,484 crore. Additionally, the company's board announced an interim dividend of ₹6.25 per share for the fiscal year ending March 2024. Eligible shareholders can anticipate the dividend distribution to take place between February 26 and February 28.

The cigarettes to hotels conglomerate posted a net profit of ₹5,335 crore for the quarter ending in December, recording a 6 percent rise year-on-year against ₹5,006 crore reported in the corresponding period of the previous year. The net profit of the conglomerate also saw a sequential growth of over 13 percent from ₹4,927 crore in the September quarter. ITC's revenue from operations for the December quarter for FY24 reached to ₹19,484 crore from ₹19,020 crore same period last year, resulting in a 2 percent rise.

Sequentially, it grew 1.11 percent from the September quarter amounting to ₹19270 crore. Also read: Vodafone Idea Q3 results: Net loss narrows to ₹6,985.9 crore, ARPU grows to ₹145 In the December quarter, Earnings before Interest, Tax, Depreciation, and Amortization (EBIDTA) amounted to ₹6,024 crore, reflecting a marginal decrease of 3.2 percent. The EBIDTA margin stood at 36.6 percent, registering a decline of 180 basis points year-on-year (YoY).