Multi-business conglomerate ITC Ltd. reported a higher stand-alone net profit for the fourth-quarter on increased incomes from all its business verticals.
Stand-Alone Results
On a stand-alone basis, the Kolkata-based company posted a fourth-quarter net profit of Rs.1,927.98 crore, higher by 19 percent than the Rs.1,614.36 crore in the fourth-quarter of 2012. On a per share basis, earnings for the quarter were Rs.2.41, up by 18 percent from Rs.2.04 in the year-ago quarter.
In the quarter, its net income grew by 19 percent to Rs.8,180.30 crore from the Rs.6,861.35 crore in the year-ago quarter, while other operating income totaled Rs.77.10 crore, compared with Rs.88.61 crore for the same period last year.
Gross income on stand-alone for the quarter amounted to Rs.11,635.83 crore, compared with Rs.9,620.66 crore in Q4FY12, an increase of 21 percent.
Segment-wise incomes
During the quarter, net income from fast moving consumer goods, or 'FMCG' segment increased by 16 percent to Rs.5,659.43 crore from the Rs.4,866.38 crore, while that of 'Hotels' were Rs.315.45 crore, up by ten percent from last year's Rs.285.84 crore.
For the quarter, net income from 'Agri business' totaled Rs.1,854.46 crore, higher by 31 percent than the Rs.1,414.22 crore last year, whereas 'Paperboards, Paper & Packaging' segment posted Rs.1,057.50 crore, up by eight percent from the Rs.979.44 crore in Q4FY12.
For the twelve months, the company's stand-alone net profit increased by 20 percent to Rs.7,418.39 crore from Rs.6,162.37 crore last year. Total net income from operations, including other operating income, rose by 19 percent to Rs.29,901.27 crore from the Rs.25,147.46 crore in FY12.
Gross income for the year stood at Rs.43,044.21 crore, up by 19 percent from the Rs.36,046.23 crore in 2012.
Consolidated Results
ITC Ltd. reported fiscal year consolidated net profit of Rs.7,608.07 crore, up by 22 percent from the Rs.6,258.14 crore in 2012. Total income, including other operating income, amounted to Rs.31,627.54 crore, compared with Rs.26,525.43 crore last year, reflecting a 19 percent growth.
Consolidated gross income for the fiscal year totaled Rs.45,102.45 crore, higher by 19 percent than the Rs.37,747.71 crore last year.
The company's Board recommends a dividend of 525 percent or Rs.5.25 per equity share of Re.1 each for the fiscal year 2013, to be paid on July 29.
ITC shares are currently trading at Rs.334.10, down Rs.2.70 or 0.80 percent on a volume of 14,30,000 shares at the BSE.
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