ITC Q2 results: Net profit up 3% to ₹5,078 crore, revenue up 17% YoY; Expenses increase by 21% due to high costs

ITC Ltd on Thursday reported a 1.8 percent rise in consolidated net profit ₹5,054.43 Crore for the second quarter ended September 2024.

The company had reported a consolidated net profit of ₹4,964.52 crore in the year-ago period, according to a regulatory filing by ITC.

ITC’s operating revenue increased by 15.62 percent ₹22,281.89 crore in the September quarter. It was ₹19,270.02 crore in the corresponding quarter of the previous financial year.

Total costs rose 20.92 percent in the September quarter ₹16,056.86 crore.

ITC’s operating revenue increased by 15.62 percent ₹22,281.89 Crore in Q2FY25.

ITC’s total income, which also includes other income, increased by 14.86 percent ₹22,897.85 crore. It was ₹19,934.9 crore a year ago.

Shares of ITC Ltd traded at on Thursday ₹471.85 per share on BSE, down 1.81 percent from the previous closing price.