ITC fourth quarter net vaults 27 per cent to Rs1,028 crore; plans bonus issue

ITC Ltd today reported an over 27 per cent rise in its net profit at Rs1,028.22 crore during fiscal fourth quarter ended 31 March 2010, compared with Rs809 crore during the similar previous-year quarter ended 31 March 2009.

Total income of the diversified group increased to Rs5,190.81 crore during the quarter ended 31 March 2010 from Rs4,038.17 crore during the quarter ended 31 March 2009.

The board of directors of ITC at its meeting today recommended a special centenary dividend of Rs5.50 per ordinary share of Re1 each and a dividend of Rs4.50 per ordinary share for the financial year ended 31 March 2010.

The board will meet again on 18 June to consider, inter alia, issue of bonus shares and increase in the authorised share capital of the company.  

For the 2009-10 financial year ended 31 March 2010, ITC posted a net profit after tax of Rs4,061 crore compared with Rs3,263.59 crore during the previous financial year (2008-09) ended 31 March 2009.

Total income of the company increased to Rs18,756.57 crore during the financial year ended 31 March 2010 from Rs16,146.85 crore in the financial year ended 31 March 2009.

The ITC Group posted a consolidated net profit of Rs4,168.18 crore during the year ended 31 March 2010 compared with Rs3,324.59 crore in the year ended 31 March 2009. Total income of the group increased to Rs19,754.76 crore during the year ended 31 March 2010 from Rs17,068 crore in the year ended 31 March 2009.