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ITC board recommends interim dividend of Rs 5 per share
ITC Ltd has reported a consolidated net profit of Rs 3,587.20 crore for the third quarter ended December 2020. The company had posted a net profit of Rs 4,047.87 crore during the October-December period of the previous fiscal, ITC said in a regulatory filing.
The board of the company has also recommended an interim dividend of Rs 5 per share for FY 2020-21.
Its revenue from operations was at Rs 14,124.48 crore during the quarter under review. It was Rs 13,307.54 crore in the corresponding period of the previous fiscal. The operating environment remained challenging even as economic activity picked up pace progressively during the quarter with the easing of restrictions and increased mobility. High frequency lead economic indicators pointed to green shoots of recovery in aggregate demand and supply, leading to upward revisions in GDP growth estimates for FY 2020-21, it said.
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