Additionally, during such period, the Company’s Gross Revenues and Net Profits recorded an impressive compound growth of 13.2% and 21.8% per annum respectively. Return on Capital Employed improved substantially from 28.4% to 45.7% while Total Shareholder Returns, measured in terms of increase in market capitalisation and dividends, grew at a compound annual growth rate of over 26%, placing the Company amongst the foremost in the country in terms of efficiency of servicing financial capital.
Such an impressive performance track record, delivered consistently over a long period of time, won global recognition during the year with the Harvard Business Review acknowledging the Company’s Chairman, Mr Y.C. Deveshwar – under whose stewardship this was achieved – as the 7th best performing CEO in the world.
For the year ended 31st March, 2013, ITC declared a Dividend of Rs. 5.25 per share (previous year Rs. 4.50 per share).
Direct Economic Impact
|KEY ECONOMIC INDICATORS*||2008-09||2009-10||2010-11||2011-12||2012-13||CAGR|
|Contribution to Government/Exchequer||11,142||13,573||15,843||17,936||22,012||19%|
|Cost of Bought out Goods and Services||9,907||10,685||13,133||14,215||17,214||15%|
|Employee Benefits Expense||891||1,003||1,140||1,258||1,387||12%|
|Payments to Providers of Capital|
|- Interest and Dividend||1,425||3,891||3,512||3,596||4,235||31%|
|- Retained Profits||1,634||-391||986||2,073||2,565||12%|
|*Detailed Financial Performance available at www.itcportal.com|
Revenue and Profit Before Depreciation, Interest and Tax (PBDIT)