Comments
ITC Ltd has announced the following Unaudited Standalone results for the quarter ended September 30, 2014: The Company has posted a net profit of Rs. 24251.60 million for the quarter ended September 30, 2014 where as the same was at net profit of Rs. 22305.30 million for the quarter ended September 30, 2013. Total Income is Rs. 93799.60 million for the quarter ended September 30, 2014 where as the same was at Rs. 81087.20 million for the quarter ended September 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 quarters ended June 30, 2014 and September 30, 2014 and for the six months ended September 30, 2014 reflect the effect of the Scheme, and consequently, the figures for the previous periods are not strictly comparable. Pavan Poplar Limited and Prag Agro Farm Limited have become direct subsidiaries of the Company with effect from June 27, 2014, consequent upon the Scheme becoming effective.
Source : BSE - >www.bseindia.com
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.