ITC March quarter net profit rises by 11.60% at `4,259.68 crore

NEW DELHI: ITC Ltd on Wednesday reported an 11.60 per cent rise in its consolidated net profit to Rs 4,259.68 crore for the fourth quarter ended in March 2022 driven by allround growth across verticals.

The company had posted a net profit of Rs 3,816.84 crore during the January-march quarter of the previous fiscal, ITC said in a regulatory filing.

Consolidated revenue from operations was up 15.25 per cent to Rs 17,754.02 crore during the quarter under review compared to Rs 15,404.37 crore in the corresponding period of the previous fiscal.

ITC’S total expenses were at Rs 12,632.29 crore, up 15.41 per cent in Q4/FY 2021-22, as against Rs 10,944.64 crore in the year-ago period.

During the quarter, the cigarette segment clocked revenue of Rs 7,177.01 crore, up from Rs 6,508.43 crore in the yearago period.

There was “robust broadbased recovery in cigarettes despite disruptions due to the third wave and volumes surpassed pre-pandemic levels”, it said.

The FMCG segment, excluding cigarettes, had a revenue of Rs 4,148.62 crore as compared to Rs 3,694.8 crore in the corresponding period a year ago.

Agri business registered revenue of Rs 4,375.42 crore as against Rs 3,383 crore in Q4 FY21, the company said.

The sharp growth in the segment revenue was driven by wheat, rice, leaf tobacco exports while leveraging strong customer relationships, investments in sustainable value chains, robust sourcing network and agile execution, the company said.

Paperboards, paper and packaging revenue stood at

Rs 2,182.77 crore in the fourth quarter as against Rs 1,655.91 crore in the same period last year, the company said adding re-opening of educational institutions aided recovery but it was still below pre-pandemic levels.

ITC said its hotels business clocked revenue of Rs 407.42 crore in the fourth quarter as compared to Rs 302.35 crore in the corresponding period of the previous year.

“Hotels witnessed smart recovery in spite of the third wave impacting recovery momentum in January-february 2022,” it said.

For the fiscal ended March 31, 2022, ITC said its consolidated net profit was at Rs 15,485.65 crore as compared to Rs 13,389.8 crore in 2020-21.

Consolidated revenue from operations for FY22 was at Rs 65,204.96 crore as compared to Rs 53,155.12 crore in FY21.

“The operating environment during the year remained extremely challenging and was marked by heightened uncertainty and volatility due to the COVID-19 pandemic and unprecedented inflationary headwinds; geopolitical tensions towards the end of the year exacerbated the situation,” ITC said.

ITC’S total expenses were at Rs 12,632.29 crore, up 15.41% in Q4/ FY22, as against Rs 10,944.64 crore in year-ago period

NEW DELHI: Taparia Tools started manufacturing hand tools in 1969 in India in technical collaboration with A B Bahco of Sweden. Today the company has emerged as a leader in the hand tools segment.

It’s focus has always been on the need for quality, special and high-end Hand Tools, Fasteners and Speciality Tools etc. for industry sectors – such as Aviation, Construction & Infrastructure, Woodworking, and Furniture, Automobiles / Auto Service etc.

These tools are manufactured with high quality raw material & stringent quality control process which facilitates to deliver high performing hand tools.

Taparia Tools has participated in the Indomach Industrial & Machinery Expo– 2022 at HITEX Exhibition Centre Hyderabad along with Raman tradings as partner, from May 13 to May 15, 2022 between 11 pm to 7 pm where by Taparia Tools had displayed their New & Old Product Ranges.

Managing Director DP Taparia and Manoj Shingala Sales Officer, from Taparia Tools Mumbai office were present for the get together meet.