ITC Q4 2013 net at Rs 1928 crores; beats estimates

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ITC Q4 2013 net at Rs 1928 crores; beats estimates
Cigarette to hotel major, ITC has reported a net profit of Rs 1928 crores for Q4 2013, largely meeting expectations.

Gross income has come in at Rs 11,635 crores, as against rs 9620 crores in the corresponding period of last year.

The EBITDA margin for the quarter ending March 31, 2013 has been in excess of 32 per cent, though slightly lower then estimates.

The agri business revenues have come in at Rs 1854 crores, as against Rs 1414 crores, reported in the corresponding period of the previous quarter.

The hotels business reported a growth of 10 per cent, which was much better against expectations of a sluggish growth. The agri business of the company was the star performer with a growth of 31 per cent in the quarter under review.

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