New Delhi, Aug 14 (PTI) Diversified entity ITC Ltd on Monday reported a 16.08 per cent rise in consolidated net profit at Rs 5,180.12 crore in the first quarter ended June 2023.

The company had posted a consolidated net profit of Rs 4,462.25 crore in the year-ago period, ITC Ltd said in a regulatory filing.

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Its consolidated revenue from operations stood at Rs 18,639.48 crore, down 6 per cent. It was Rs 19,831.27 crore in Q1 of FY 2022-23.

ITC's total expenses in the quarter was at Rs 12,421.77 crore, down 12.53 per cent from the first quarter of FY 2022-23.

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Total income of ITC in the June quarter was down 3.92 per cent to Rs 19,361.78 crore.

Shares of ITC on Monday settled at Rs 448.95 on BSE, up 0.06 per cent from previous close.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)