ITC Q4 net profit up 12% to Rs 2,669.47 crore

Diversified firm ITC on Friday reported 12.13% increase in standalone net profit to Rs 2,669.47 crore for the fourth quarter of 2016-17. The company had posted a net profit of Rs 2,380.68 crore for the January-March quarter of last fiscal, ITC said in a BSE filing.

ITC's net sales during the period under review was up 6.15% to Rs 15,008.82 crore as against Rs 14,138.78 crore for the corresponding quarter last fiscal.

Its total expenses were up 5.29% to Rs 11,363.78 crore as against Rs 10,792.48 crore in the fourth quarter of 2015-16. The ITC stock was trading at Rs 308.20 on BSE in the afternoon trade, up 2.84%.