ITC Q2 results FY25: ITC Limited, which operates in many sectors, has released the results for the second quarter of the current financial year ending September 2024. During this period, the consolidated net profit of ITC has increased marginally by 1.8 percent to Rs 5,054.43 crore. ITC reported the financial results for the July-September 2024 quarter to the stock markets. The company had earned an integrated net profit of Rs 4,964.52 crore in the same period a year ago.

Operating revenue increased by 15.62 percent

ITC's operating revenue in the September quarter grew 15.62 percent to Rs 22,281.89 crore from Rs 19,270.02 crore in the same quarter of the previous fiscal. The company's total expenditure in the quarter under review grew 20.92 percent to Rs 16,056.86 crore.

ITC's total income including other income grew by 14.86 percent to Rs 22,897.85 crore in the second quarter of FY 2024-25. It was Rs 19,934.9 crore a year ago.

Approval for the acquisition of EIH Limited from Russell Credit Limited

ITC Board approves acquisition The Board of ITC has also approved the acquisition of 1,52,32,129 equity shares of EIH Limited at Rs 2 per share and 34,60,829 equity shares of HLV Limited ('HL V') of Rs 21 per share at their respective book values ​​from Russell Credit Limited ('RCL'), a wwholly-ownedsubsidiary of the Company, to consolidate the shareholding of EIH and HLV under the Company.

Today's status of ITC Limited shares

ITC Limited shares closed at Rs 471.85 on BSE on Thursday, down 1.81 ppercentfrom its previous close.