ITC Ltd Q3 Results: PAT and revenue beat Street estimates; 625% interim dividend announced

ITC Ltd Q3 Results: ITC Ltd reported a jump of 10.75 per cent in its standalone profit after tax (PAT) and a rise of 8.52 per cent in revenue from operations Year-on-Year (YoY) as the company reported its December quarter results on Monday (January 29, 2024). It also declared an interim dividend of 625 per cent. 

The company's standalone profit jumped by 10.75 per cent to Rs 5572.07 crore from Rs 5031.01 crore YoY against Zee Business research estimates of Rs 5252 crore.

The company also reported above research estimate numbers as it reported a 8.52 per cent rise in its standalone revenue to Rs 17651.85 crore from Rs 16265.48 crore YoY, against estimates of Rs 17032 crore.

ITC Ltd also declared an interim dividend of 625 per cent, or Rs 6.25, of the face value of Rs 1 per equity share.

ITC Ltd Interim Dividend 2024

The large-cap company announced an interim dividend of Rs 6.25 of the face value of Rs 1 per equity share. 

"...declared interim dividend of Rs 6.25 per ordinary share of Rs 1 each for the financial year ending on 31st March, 2024," ITC Ltd said in an exchange filing.

ITC Ltd Interim Dividend 2024 Record Date

The company has set February 8 as the record date for the interim dividend.

ITC Ltd Share Price

The company's stock ended the trading session on Monday down by 1.20 per cent, or Rs 5.45, at Rs 450.00.