Diversified conglomerate ITC today reported a 8.73 per cent growth rate in its net profit at Rs 903.21 crore for the third quarter ended December 31, 2008, on the back of strong revenues from the FMCG segment.
The firm had a net profit of Rs 830.72 crore in the December quarter of financial year 2007-2008, ITC said in a filing to the Bombay Stock Exchange.
The revenue from the FMCG segment rose nearly 16 per cent to Rs 2,713.64 crore during the quarter, from Rs 2,339.65 crore in the year-ago period.
According to a release issued by the company to the BSE today, Q3FY09 total income increased by 10.03% to Rs 3,956.21 crore from Rs 3,595.39 crore for the quarter ended December 31, 2007. Other income, however, dropped 29% to Rs 97.56 crore as against Rs 137.40 crore
For the nine month ended December, 2008, ITC reported a 2.94 per cent growth in its net profit at Rs 2,454.60 crore. The total income also rose 15 per cent to Rs 11,655.32 crore in the said period.
Shares of ITC were trading at Rs 172, down 0.15 per cent in the afternoon trade on the BSE.