ITC Q1 net profit up 10% to Rs 2,385 crore

India's fast moving consumer goods company ITC on Thursday posted over 10% rise in standalone net profit for the first quarter (Q1) ended on June 30, 2016. 

The company's net profit during April-June quarter of the fiscal year 2016-17 (FY17) grew by 10.09% to Rs 2,384.67 crore as against Rs 2,166.09 crore in the April-June quarter of fiscal year 2015-16 (FY16), ITC said in a filing to the Bombay Stock Exchange (BSE).

Its total net income from operations during the quarter under review surged by 8.34% to Rs 13,253.06 crore as compared to Rs 12,232.65 crore in the corresponding quarter of the previous fiscal. 

The stock of ITC on Thursday closed down 0.06% or Rs 0.15 at Rs 250.65 on the BSE. 

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