ITC September Quarter Profit Rises 36% To Rs 4,023 Crore

INSUBCONTINENT EXCLUSIVE:
ITC on Thursday reported a 36.10 per cent year-on-year (YoY) rise in its standalone net profit for the quarter ended September at Rs
4,023.10 crore.The company had reported its standalone net profit in the July-September period of financial year 2018-19 at Rs 2,954.67
crore.The total income of the company during the period under review rose by 6.36 per cent to Rs 12,525.80 crore, compared to Rs 11,776.63
crore earned in the corresponding period last fiscal, ITC said in a regulatory filing.Further, the company issued and allotted 11,80,380
shares of Re 1 each, upon exercise of 1,18,038 options under the company's employee stock option schemes (ESOS)."Consequently, with effect
from October 24, 2019, the issued Subscribed share capital of the company stands increased to Rs 1228,76,70,591 divided into 1228,76,70,591
ordinary shares of Re 1 each," it said.The company also said that it has been ranked first globally amongst companies with market
capitalisation between $38 billion and $51 billion and overall third globally on ESG (environmental, social and governance) performance in
the food products industry by Sustainalytics, a global ESG ratings company.Get Breaking news, live coverage, and Latest News from India and
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