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ITC Ltd has reported an over 25 per cent increase in standalone net profit for the quarter ended March 31, 2012 to Rs 1,614 crore.
The company had reported a net profit of Rs 1,282 crore for the corresponding quarter last fiscal.
Net income during the quarter rose nearly 17 per cent to Rs 6,955 crore.
The board has recommended a dividend of Rs 4.50 or 450 per cent for paid-up shares of face value Re 1 each. The annual general meeting of the company will be held on July 27.
On a consolidated basis, ITC’s net profit for the year March 31, 2012 stood at Rs 6,259 crore, while the total income stood Rs 26,552 crore.
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