New Delhi, Aug 3 (TIWN) The stock value of diversified conglomerate ITC Limited saw a fresh three-year high of Rs 316.65 on the stock exchange in Tuesday's intra-day trade. The share value was up by 3 per cent.

The development came soon after the company declared its results for the first quarter of FY23, recording an all-round robust growth across businesses in terms of both revenue and profitability.
On Monday, Sanjiv Puri led ITC reported a 38 per cent year-on-year (YoY) growth in its consolidated net profit which stood at Rs 4,169 crore, as compared to Rs 3,013 crore last crore. The company's net sales too saw a 41 per cent spike and stood at Rs 18,164 crore, while EBITDA was up 41.5 per cent on Y-o-Y basis. According to ITC, a strong performance by all business segments is responsible for the Q1 growth.
Some of the highlights of the company's performance in FY23 include a record quarterly growth in the revenue and profits for Paperboards, Paper, and Packaging segments; highest quarterly revenue, highest profits in over 14 years, and highest ever Q1 profits in the Hotels segment; and highest quarterly revenue for the Agri and FMCG segments. According to ITC, the out-of-home, and education and stationery segments too performed strongly.