ITC Reports Q2 Net Profit of Rs 2,425 crores; Lags Estimates

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Tobacco major ITC reported a net profit of Rs 2425 crores for the quarter ending June 30, 2014. The profits of the company lagged estimates.

ITC Reports Q2 Net Profit of Rs 2,425 crores; Lags Estimates
ITC: Quotes, News
BSE 228.40BSE Quote4.95 (2.17%)
NSE 228.50NSE Quote5 (2.19%)
The net profit in the year-ago period was Rs 2,230.5 crore.

Revenues were up a smart 14.8 percent (which was again lower than estimates) at Rs 8,930 crore in the quarter ended September 2014 compared to Rs 7,776 crore in same quarter last year.

The stock was last trading flat at Rs 355 on the National Stock Exchange.

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Read more about: itc, nse
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