Thursday, July 29, 2021
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ITC Declines Over 2% Post March Quarter Results

At 9:20 am, ITC shares have been buying and selling at Rs 210.30, decrease by 2.28 per cent, on the BSE

ITC shares declined greater than 2 per cent on the BSE after the corporate posted a fall in web revenue within the March quarter. ITC reported a web revenue of Rs 3,748 crore within the quarter ended March 2021 in comparison with a web revenue of Rs 3,797.08 crore within the corresponding quarter of the earlier fiscal, marking a decline of 1.3 per cent. At 9:20 am, ITC shares have been buying and selling at Rs 210.30, decrease by 2.28 per cent, on the BSE.

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Revenues from operations stood at Rs 14,156.96 crore within the fourth quarter of FY2020-21, in comparison with Rs 1,1420.04 crore in the identical quarter of the earlier fiscal.

The earnings earlier than curiosity, tax, depreciation and amortization (EBITDA) of the non-cigarette FMCG enterprise grew 19.3 per cent within the quarter into consideration, to Rs 305.98 crore.

The BSE Sensex and NSE Nifty have been buying and selling decrease by 0.4 per cent every at 51,716.650 and 15,529.65 respectively, on the time.

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