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Shares of ITC on Monday gained over 1 per cent in the morning trade after the firm reported a 23.09 per cent increase in its consolidated net profit to ₹5,070.09 crore for the third quarter.
ITC shares jumped 1.29 per cent to ₹385.40 apiece in early trade on the BSE. It touched an early high of ₹388.20 per scrip.
Shares of the company witnessed a similar movement on the NSE, where it gained 1.22 per cent to ₹385.30 per share.
The earnings were announced after market hours on Friday.
Diversified entity ITC Ltd on Friday reported a 23.09 per cent increase in its consolidated net profit to ₹5,070.09 crore for the third quarter ended December 31, 2022.
The company had posted a net profit of ₹4,118.80 crore during the October-December quarter of the previous fiscal, the company said in a regulatory filing.
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Adani Group stocks fall further in morning trade
Shares of Adani Enterprises witness a fall of 9.50% as investors continue to offload their holdingsIts revenue from operations rose 3.56 per cent to ₹19,020.65 crore during the quarter under review against ₹18,365.80 crore in the corresponding period of the previous fiscal.
Total expenses dipped 3.29 per cent to ₹12,772.27 crore from ₹13,207.28 crore in the year-ago period, it added.
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