FMCG-Cigarette-to-Hotel chief ITC on Wednesday reported a net profit of Rs 4,196 crore for the year, up 11.7 per cent from the quarter ended March 31, 2022. The company had a net profit of Rs 3,755.47 crore in the year-ago period.
Revenue from operations for the period stood at Rs 17,754.02 crore, up 15 per cent from the March quarter. The company earned Rs 15,404.37 crore during the same period.
The company further stated that it has recommended a final dividend of Rs 6.25 crore for the financial year ended March 31, 2022, subject to its announcement by the members at the 111th Annual General Meeting (AGM) of the company on July 20, 2022. The final dividend, when announced, will be entitled to those members between Friday, July 22, 2022 and Tuesday, July 26, 2022.
The company added that it has set May 28, 2022 as the record date for determining the entitlement of members to pay the final dividend.
The ITC also approved the board members’ recommendation to appoint Supratim Dutt as a director and as a full-time director of the company for a period of three years effective July 22, 2022.
Shares of ITC rose 0.72 per cent to close at Rs 266.50 on the BSE on Wednesday.