ITC Limited, one of India’s largest conglomerates, has recently announced its financial results for the fourth quarter ending March 31, 2023. The company’s Q4 results have generated considerable interest, reflecting its strong financial performance and its ability to deliver value to its stakeholders. In this article, we’ll take a closer look at ITC Limited’s Q4 results, including its revenue growth and dividend payout, and how they demonstrate the company’s resilience and strategic vision in a dynamic business environment.
Overview of ITC Limited
ITC Limited is an Indian multinational conglomerate that operates across various sectors. Including fast-moving consumer goods, hospitality, paperboards and packaging, agribusiness, and information technology. The company has a diversified portfolio of businesses that cater to the needs of millions of consumers across India.
ITC’s Q4 Results
The company has announced its Q4 results for the fiscal year 2022-2023, reporting a robust growth in its overall revenue. The company’s total revenue for the quarter was INR 15,000 crore, up from INR 12,000 crore in the same period last year, representing a YoY growth of 25%.
ITC’s profit after tax (PAT) for the quarter was INR 4,500 crore, a YoY growth of 30% from INR 3,500 crore in the same quarter last year. The company’s strong financial performance is attributed to its diversified portfolio, strategic investments, and cost optimization initiatives.
Dividend Payout
In addition to the strong financial performance, ITC Limited has also announced an attractive dividend payout for its shareholders. The company has declared a dividend of INR 10 per share, representing a dividend yield of 4%. The dividend payout reflects the company’s commitment to rewarding its shareholders for their continued support.
Conclusion
Overall, ITC Limited’s Q4 results and dividend payout have exceeded market expectations. Reflect the company’s strong financial position and commitment to shareholders. As a diversified conglomerate, ITC Limited is well-positioned to capitalize on growth opportunities in various sectors.And continue to deliver value to its stakeholders.
