ITC adjusted PAT rises 6.5% in Q4, declares final dividend of Rs 5.75

Cigarettes-to-motels key ITC on Tuesday described a 22.64 per cent boost in consolidated income from functions for the quarter finished March, 2021, but clocked in a two.7 per cent fall in gain after tax in comparison to the 12 months-in the past period, which involved a decreased tax expense.

The company, nevertheless, reported that equivalent Q4 PAT was up 6.five per cent, after altering for just one-time advantage in the corresponding quarter of the preceding 12 months.

Consolidated gain after tax stood at Rs 3,819.62 crore for the quarter finished March 31, 2021. It was at Rs 3,926.72 crore in the corresponding quarter of the preceding 12 months and Rs 3,587.09 crore in the preceding quarter.

Consolidated income from functions was up by 22.64 per cent to Rs 15,404.37 crore for the duration of the quarter from Rs 12,560.64 crore in the 12 months in the past period, which mirrored disruptions owing to lockdown in the direction of the conclude of March.

Section smart, revenues from cigarettes stood at Rs 6508.forty three crore, up 13.18 per cent from Rs five,750.forty four crore in the 12 months in the past period and 6.eight per cent from Rs 6,091.seventeen in the preceding quarter.

The company reported that there was ongoing restoration in the cigarettes business enterprise with progressive easing of constraints and enhanced mobility volumes touched pre-Covid ranges in the direction of the near of the 12 months, it reported.

Non-cigarettes FMCG segment revenues stood at Rs 3,694.80 crore in the March quarter in comparison to Rs 3190.34 crore a 12 months back again, but down from Rs 3752.sixty one crore in the preceding quarter.

Pre-tax gain from cigarettes business enterprise enhanced 6.7 per cent to Rs 3895.27 crore from Rs 3649.88 crore in the corresponding quarter of the preceding 12 months and 6.4 per cent quarter-on-quarter. Pre-tax revenue from the non-cigarettes FMCG segment stood at Rs 182.91 crore for the duration of the quarter, up from 26.sixty nine per cent 12 months-on-12 months. Even so, it was down from Rs 243.seventeen crore in the preceding quarter.

Section revenues from motels business enterprise was at Rs 302.35 crore, down from Rs 494.seventy six crore, but up from preceding quarter’s Rs 248.87 crore. Pre-tax reduction narrowed from Rs 72.25 crore to Rs forty.26 crore in the March quarter. In the corresponding quarter of the preceding 12 months, it experienced posted a gain of Rs 38.27 crore.

Agri business enterprise revenues enhanced enhanced to Rs 3383 crore from Rs 1899.01 crore in the exact same period very last 12 months and pre-tax revenue stood at Rs 185.11 crore in comparison to Rs 127.05 crore in the corresponding period very last 12 months.

For the 12 months finished March 31, 2021, income from functions stood at Rs fifty three,155.12 crore, up by 3.4 per cent in comparison to Rs fifty one,393.forty seven crore in the preceding 12 months. Earnings after tax was at Rs 13,382.88 crore, down by fourteen.sixteen per cent from the preceding 12 months.

The board has proposed a closing dividend of Rs five.seventy five per share. Including interim dividend of Rs five per share, overall dividend for FY21 is Rs ten.seventy five per share.

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