Kolkata based ITC Ltd reported a 9.86 percent increase in its profit to Rs 2,932.71 crore for the quarter ended March 2018 from Rs 2,699.47 crore in March 2017.

Its YoY (year-on-year) revenue from operations, however, was down to Rs 10,813.24 crore for the quarter under review from Rs 15008.82 crore.

The conglomerate's earnings before interest, tax, depreciation, and amortisation (EBITDA) was up by 7 percent to Rs 4,144 crore, while margins expanded to 39.1 percent from 34.8 percent.

YoY total income increased by 6.94 percent to Rs 11,329.74 crore and revenue was at Rs 3,505 crore for March 2018.

The company's board has recommended a dividend of Rs 5.15 per share on the face value of Rs 1 each for the year ending 31 March 2018. It was also decided that Sanjiv Puri, CEO & Wholetime Director, will be re-designated as the Managing Director of the company with effect from May 16, 2018.

Share prices of ITC showed a positive movement of 1.86 percent after the result announcement.