Gross Revenue stood at Rs. 17,122 crores representing a growth of 2.9% YoY (ex-Agri Business up 17.5%) while EBITDA at Rs. 6,223 crores grew by 22.0% YoY.

The Board has recommended Interim Dividend of Rs. 6.00 per share (previous year Rs. 5.25 per share) for the financial year ending 31st March, 2023.

ITC posted financial results for the third quarter ended 31st December, 2022.

The company reported Gross Revenue up 2.9%.

The Company sustained its strong growth momentum across all operating segments during the quarter driven by focus on accelerated digital adoption, customer centricity, execution excellence and agility.

Gross Revenue stood at Rs. 17,122 crores representing a growth of 2.9% YoY (ex-Agri Business up 17.5%) while EBITDA at Rs. 6,223 crores grew by 22.0% YoY.

PAT grew by 21.0% YoY to Rs. 5,031 crores. Earnings Per Share for the quarter was Rs. 4.1 (previous year Rs. 3.4). The Board has recommended Interim Dividend of Rs. 6.00 per share (previous year Rs. 5.25 per share) for the financial year ending 31st March, 2023.

Multidimensional interventions announced in the Union Budget 2023 with its growth orientation, record levels of capex outlay, focus on augmenting physical, digital and social infrastructure, thrust on ‘green growth’ and energy transition, promotion of local level development, along with fiscal prudence will go a long way in securing sustainable and inclusive growth for the Indian economy in the years to come. Potential risks arising from the anticipated slowdown in the global economy and continuing geo-political tensions remain the key monitorables.