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Enduring Value ITC Limited Statement of Unaudited Consolidated Financial Results for the Quarter and Nine Months ended 31st December , 2020 Corresponding 3 Preceding Particulars 3 Months ended 31.12.2020 ( Unaudited ) Months 3 Months ended ended 31.12.2019 30.09.2020 ( Unaudited ) ( Unaudited ) ( Unaudited ) ( Unaudited ) 9 Months ended 31.12.2020 9 Months ended 31.12.2019 ( in Crores ) Twelve Months ended 31.03.2020 ( Audited ) Gross Revenue from sale of products and services ( i ) Other operating revenue ( ii ) REVENUE FROM OPERATIONS [ ( i ) + ( ii ) ] OTHER INCOME TOTAL INCOME ( 1 + 2 ) EXPENSES -23 1 14050.64 73.84 14124.48 545.69 14670.17 13220.30 87.24 13307.54 652.96 13960.50 13075.14 72.67 13147.81 582.25 13730.06 37552.21 198.54 37750.75 2053.07 39803.82 38512.05 50968.50 320.78 424.97 38832.83 51393.47 1930.13 2597.89 40762.96 53991.36 a ) Cost of materials consumed 3532.31 3827.86 3636.95 10255.82 10414.34 13810.70 b ) Purchases of stock - in - trade 1582.00 728.88 1166.47 4394.58 3246.02 4237.90 c ) Changes in inventories of finished goods , stock - in - trade , work - in - progress and 122.83 130.58 ( 42.31 ) ( 656.69 ) ( 350.66 ) ( 703.13 ) intermediates d ) Excise duty 1044.76 404.99 1071.09 2820.24 1210.94 1989.42 e ) Employee benefits expense 1143.51 1085.21 1070.47 3318.73 3200.03 4295.79 f ) Finance costs 12.61 11.43 13.27 41.70 40.00 54.68 g ) Depreciation and amortization expense 413.49 h ) Other expenses 1914.05 436.90 2153.29 TOTAL EXPENSES 4 9765.56 8779.14 404.60 1844.14 9164.68 26897.95 1237.08 1231.68 1644.91 5486.49 6355.62 8502.63 25347.97 33832.90 PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX ( 3-4 ) EXCEPTIONAL ITEMS TAX EXPENSE PROFIT BEFORE TAX ( 5 + 6 ) 5698 4904.61 5181.36 4565.38 12905.87 15414.99 20158.46 ( 132.11 ) ( 132.11 ) ( 132.11 ) 7 4904.61 5049.25 4565.38 12905.87 15282.88 20026.35 1317.41 1001.38 1146.69 3332.91 3624.78 4441.79 a ) Current Tax 1255.67 1183.18 1090.62 3200.62 3893.26 4846.15 b ) Deferred Tax 61.74 ( 181.80 ) 56.07 132.29 ( 268.48 ) ( 404.36 ) PROFIT FOR THE PERIOD ( 7-8 ) 9 3587.20 4047.87 3418.69 SHARE OF PROFIT / ( LOSS ) OF ASSOCIATES AND JOINT VENTURES 10 ( 0.11 ) 2.53 ( 5.25 ) 9572.96 ( 9.70 ) 11658.10 15584.56 7.96 8.22 PROFIT AFTER TAX , SHARE OF PROFIT OF ASSOCIATES AND JOINT VENTURES ( 9 + 10 ) 11 3587.09 4050.40 3413.44 9563.26 11666.06 15592.78 OTHER COMPREHENSIVE INCOME 12 79.25 ( 368.03 ) 150.42 243.10 ( 663.16 ) ( 1469.97 ) A ( 1 ) Items that will not be reclassified to profit or loss 85.10 ( 393.78 ) 150.97 219.28 ( 673.28 ) ( 1490.98 ) ( ii ) Income tax relating to items that will not be reclassified to profit or loss ( 1.63 ) 0.43 0.43 ( 0.23 ) 5.24 10.14 B ( i ) Items that will be reclassified to profit or loss ( 2.70 ) 25.87 5.22 35.51 2.49 0.74 ( ii ) Income tax relating to items that will be reclassified to profit or loss ( 1.52 ) ( 0.55 ) ( 6.20 ) ( 11.46 ) 2.39 10.13 TOTAL COMPREHENSIVE INCOME ( 11 + 12 ) 13 3666.34 3682.37 3563.86 9806.36 11002.90 14122.81 PROFIT FOR THE PERIOD ATTRIBUTABLE TO : OWNERS OF THE PARENT NON - CONTROLLING INTERESTS 3526.55 60.54 3975.54 74.86 3368.17 45.27 9405.72 157.54 11449.71 216.35 15306.23 286.55 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO : OWNERS OF THE PARENT NON - CONTROLLING INTERESTS PAID UP EQUITY SHARE CAPITAL 14 3605.80 60.54 1230.51 3607.51 74.86 1229.11 3519.31 44.55 1230.50 9649.54 156.82 1230.51 10786.84 216.06 1229.11 13835.90 286.91 1229.22 ( Ordinary Shares of 1 / - each ) RESERVES EXCLUDING REVALUATION RESERVES 15 64044.04 EARNINGS PER SHARE ( of 1 / - each ) ( not annualised ) : 16 ( a ) Basic ( ) ( b ) Diluted 2.87 2.87 3.24 3.23 2.74 2.74 7.65 9.33 7.65 9.30 12.47 12.45 Notes : 1 The Unaudited Consolidated Financial Results and Segment Results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on 11th , February 2021 . 2 The continuing significant brand building costs covering a range of personal care and branded packaged food products are reflected under ' Other expenses ' stated above and in Segment Results under ' FMCG - Others ' . 3 During the quarter ended 31st December , 2020 , 78,020 Ordinary Shares of 1 / - each were issued and allotted under the Company's Employee Stock Option Schemes . Consequently , the issued and paid - up Share Capital of the Company as on 31st December , 2020 stands increased to 1230,51,14,571 / - . 4 The amalgamation of Sunrise Foods Private Limited and its subsidiaries ( Sunrise ) with the Company was approved by the Board of Directors on 4th September , 2020. The necessary petitions seeking sanction of the National Company Law Tribunal to the said amalgamation have been filed . The fair values of assets and liabilities acquired have been provisionally determined and recorded in accordance with Ind AS 103 on ' Business Combinations ' and are reflected in ' FMCG - Others ' segment . The financial results of the Group and ' FMCG - Others ' segment include those of Sunrise with effect from 27th July , 2020. Accordingly , results of the quarter and nine months ended 31.12.2020 are not comparable with previous periods . 5 The Group has considered the possible effects that may arise out of the still unfolding COVID - 19 pandemic on the carrying amounts of property , plant & equipment , intangible assets , investments , inventories , trade receivables , etc. For this purpose , the Group has considered internal and external sources of information up to the date of approval of the Consolidated Financial Results , including credit reports and related information , economic forecasts , market value of certain investments etc. Based on the current estimates , the Group does not expect any significant impact on such carrying values . The impact of COVID - 19 on the Group's financial statements may differ from that estimated as at the date of approval of the Consolidated Financial Results . 6 The Board of Directors of the Company has declared an Interim Dividend of * 5.00 per Ordinary Share of 1 / - each . The record date fixed for the purpose of determining entitlement of the Members for the Interim Dividend is Tuesday , 23rd February , 2021 and such Dividend will be paid on Wednesday , 10th March , 2021 to those Members entitled thereto . 7 This statement is as per Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 . Limited Review The Limited Review , as required under Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 , has been completed and the related Report does not have any impact on the above ' Results and Notes ' for the Quarter and Nine months ended 31st December , 2020 which needs to be explained .