ITC Limited posted an 11.4 percent year-on-year decline in consolidated profit at Rs 3,587.09 crore in the third quarter of the current financial year, amid slower revenue growth and weaker operating performance in the cigarette business. The net profit stood at Rs 4,050.4 crore in the year-ago period. According to the company’s regulatory filing to BSE, the consolidated revenue from operations grew by 6.1 percent year-on-year to Rs 14,124.48 crore in the October-December quarter of the current fiscal.
Shares of ITC Limited settled 0.53 per cent lower to Rs 226.45 on the BSE. The shares of ITC Limited had opened the trading session at Rs 229.20 on the BSE and touched an intraday high of rs 229.30 and a low of Rs 224.50.