ITC has recorded a 1.7 per cent growth in consolidated net income and an 18.23 per cent decline in net profit for the September quarter as the cigarette and hotel businesses continue to be a drag on its performance.
The company posted revenues of Rs 13,730.06 crore during the July-September quarter compared with Rs 13,497.27 crore a year ago. Net profit fell to Rs 3,413.44 crore from Rs 4,174.69 crore last year.
Non-cigarette FMCG business, which includes food and health and personal care among others, continued its impressive run with a 19.24 per cent jump in segment revenue at Rs 3,930.63 crore.
The segment profit of non-tobacco FMCG grew threefold to Rs 282.85 crore, up from Rs 92.04 crore in the same period last year.
While the hotel business posted a segment loss of Rs 193.97 crore because of Covid disruptions, it managed to reduce the loss sequentially from Rs 257.39 crore. The cigarette segment revenue and profit (pre-tax) was down year-on-year but showed significant growth sequentially, signifying an improved business environment.
CESC profit
CESC Ltd has reported a marginal rise in its consolidated net profit at Rs 371 crore in the second quarter compared with Rs 366 crore a year ago. Total income stood at Rs 3,010 crore compared with Rs 3,049 crore a year ago.
Bosch loss
Auto components major Bosch on Friday reported a consolidated net loss of Rs 64.57 crore in the second quarter ended September 30.
The company had posted a consolidated net profit of Rs 98.40 crore a year ago. Revenue from operations stood at Rs 2,479.18 crore against Rs 2,312.68 crore in the year-ago period.
