January 19, 2018 / 7:36 AM / 2 years ago

India's ITC Q3 profit rises 17 pct; beats estimates

Jan 19 (Reuters) - ITC Ltd, India’s biggest cigarette maker, posted a 16.8 percent rise in its third-quarter profit on Friday, helped by a one-time gain.

The company, which also makes consumer goods ranging from biscuits to skincare products, said its profit rose to 30.90 billion rupees ($484.53 million) in the quarter ended Dec. 31, from 26.47 billion rupees a year ago. bit.ly/2FSdIiH

Analysts on average had expected a profit of 28.32 billion rupees, according to Thomson Reuters Eikon data.

The company reported a gain of 4.13 billion rupees on account of entry tax in the state of Tamil Nadu that was written back in the quarter. (Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Sherry Jacob-Phillips and Subhranshu Sahu)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below