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ITC posts 15% growth in bottomline

Oct 23, 1999

ITC has once again turned in a modest rise in topline. However, the lower growth in expenditure and the decline in interest and depreciation costs have helped the company post a faster growth in net profits.

(Rs m) 2QFY2000 2QFY1999 Change
Net Sales 9,445 8,630 9.4%
Other Income 358 401 -10.7%
Expenditure 5,885 5,634 4.5%
Interest 322 427 -24.6%
Depreciation 262 277 -5.5%
Profit before Tax 3,335 2,694 23.8%
Tax 1,267 891 42.2%
Profit after Tax 2,067 1,803 14.7%
Net profit margin 21.9% 20.9%  

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