ITC Q2 net rises 26%; stock up 5%

ITCITC, India's largest cigarette maker by sales, on Friday has registered a 25.81% rise in the net profit of the company in the quarter ending on September 2009.

The company has posted a net profit of Rs 1,009.91 crore for the second-quarter (Q2) ended September 30, 2009, as against Rs 802.72 crore corresponding period, last year.

However the net sales of the company rose from Rs 3,763.29 crore last year to Rs 4,292.59 crore this year, up 14 per cent YoY.

Ahead of good results, the scrip of the company closed on Friday with gain of 5 per cent at Rs 260. The stock has given over 36% of return to its investors in past six month period.