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ITC Ltd has announced the following results for the quarter ended June 30, 2014: The Unaudited Standalone results for the Quarter ended June 30, 2014 The Company has posted a net profit of Rs. 21863.90 million for the quarter ended June 30, 2014 where as the same was at net profit of Rs. 18913.30 million for the quarter ended June 30, 2013. Total Income is Rs. 94828.40 million for the quarter ended June 30, 2014 where as the same was at Rs. 76138.80 million for the quarter ended June 30, 2013. The Scheme of Arrangement between Wimco Limited (Wimco) and the Company became effective on June 27, 2014 on filing of the Order of the Honble High Court with the respective Registrar of Companies. The Scheme, with effect from April 01, 2013, provided for the demerger of the Non Engineering Business of Wimco into the Company. The results for the quarter ended June 30, 2014 reflect the effect of the Scheme, and consequently, the figures for the previous periods are not strictly comparable.
Source : BSE - >www.bseindia.com
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