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ITC Limited Share Price: ITC Falls Over 3% After Net Profit Drops 11% In December Quarter

ITC Share Price: Shares of ITC traded 3.29 per cent lower at Rs 219.00 on the BSE. ITC Share Price: Shares of FMCG-to-hotel major ITC Limited slipped more than three per cent to Rs 219.00 on the BSE a day after it reported December quarter earnings of the current financial year. ITC reported an 11.4 percent year-on-year decline in consolidated profit at Rs 3,587.09 crore in the third quarter of the current fiscal year, due to slower revenue growth and weak hotel business amid the COVID-19 pandemic. The company s net profit was Rs 4,050.4 crore in the year-ago period. ( Also According to the company s regulatory filing to BSE on Thursday, the consolidated revenue from operations grew by 6.1 percent year-on-year to Rs 14,124.48 crore in the October-December quarter of the current financial year, compared to Rs 13,307 crore in the year-ago period.

ITC Q3 results: Net profit drops to ₹3,663 crore, operating profit down 7%

ITC Q3 Results: PAT drops 12% to Rs 3,663 crore, but beats Street estimates

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