INSUBCONTINENT EXCLUSIVE:
year-on-year (YoY) rise in net profit for Q1FY26
Net profit attributable to the owners of the company stood at Rs 133 crore, up from Rs 87 crore in the same quarter last year.Revenue from
operations for the quarter stood at Rs 816 crore, up 15.5% from Rs 706 crore in the corresponding quarter of the previous financial year.The
company's profit after tax (PAT) fell 48% sequentially, compared to Rs 257 crore reported in Q4FY25
period.The year-on-year growth in PAT and revenue boosted investor sentiment, pushing the stock up nearly 4% to an intraday high of Rs 237
on NSE.The ITC-promoted company incurred expenses of Rs 675 crore in Q1FY26, compared to Rs 596 crore in Q1FY25 and Rs 750 crore in Q4FY25
This reflects a 13% year-on-year increase and a 10% quarter-on-quarter decline
The expenses were primarily under the heads of consumption of food & beverages, employee benefits expense, and finance cost.
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It stated that the Group is constructing super-premium branded residences in Colombo, Sri Lanka, and revenue from this segment will be
recognised upon completion and sale of the projects.Also Read: SBI, Federal Bank among 11 banks that saw NPA improvement in Q4(Disclaimer:
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