ITC quarter 4 net profit down by 26 per cent

Mumbai, May 26: ITC Ltd has posted a profit after tax of Rs 567.89 crore for the quarter ended March 31 as compared to Rs 771.75 crore for the quarter ended March 31 last year, a fall of 26.41 per cent.

Announcing the results, the company said its total income has increased from Rs 2,236.43 crore in Q4 FY 04-05 to Rs 2,859.08 crore for Q4 FY 05-06.

It has posted a net profit after tax of Rs 2,235.35 crore for the year ended March 31 (FY 05-06) as compared to Rs 2,191.40 crore for the year ended March 31 (FY 04-05). Total Income has increased from Rs 7,875.26 crore in FY 04-05 to Rs 10,076.61 crore for FY 05-06.

As per the consolidated results, the group has posted a net profit after Minority Interest of Rs 2,295.38 crore for the year ended March 31 (FY 05-06) as compared to Rs 2,245.42 crore for the year ended March 31 (FY 04-05). Total Income has increased from Rs 8,316.71 crore in FY 04-05 to Rs 10,637.99 crore for FY 05-06.

The Board of Directors has recommended a dividend of Rs 2.65 per Ordinary Share of Re 1 each for the financial year ended March 31 and the dividend, if declared, will be paid on or after July 24 this year to those members entitled thereto.

UNI