ITC reported a 26 per cent increase in its pre- and post-tax profits during the quarter ended September 30, 2009, with all the business segments, barring hotels, reporting a rise in profits. The net profit after tax for the quarter stood at Rs. 1,009.90 crore against Rs. 802.70 crore.
For the half-year ended September 2009, it was Rs. 1,888.61 crore against Rs. 1,551.39 crore.
Investments in paper and pulp enable improved margins with a 52 per cent growth in segment results, says a company release.
Non-cigarette FMCG segment showed 14 per cent growth in revenues, while agri-business profits more than doubled with a 127 per cent increase driven by robust leaf tobacco exports, the release added.
ITC’s topline increased to Rs. 8,375 crore during the first half of 2009-10 from Rs. 7,662.99 crore in the same period a year before. In the hotels segment, it went ahead with its investment-led growth strategy and soft-launched a new hotel in Bangalore.
