ITC net up 21.4% to Rs 1,389 cr

Diversified firm ITC on Friday posted a 21.4 per cent increase in its net profit to Rs 1,389.08 crore in the quarter ended December 31, 2010 over the same period last fiscal.

The company had a net profit of Rs 1,144.17 crore in the quarter ended December 31, 2009, ITC said in a filing to the Bombay Stock Exchange.

During the period, ITC had net sales of Rs 5,453.49 crore, up 18.56 per cent from Rs 4,599.56 crore over the corresponding quarter last fiscal.

Shares of ITC Limited were trading flat Rs 170.75 on the BSE.