TTK Prestige net profit dips 62 p.c. in Q4

May 27, 2015 03:10 pm | Updated 03:10 pm IST - New Delhi

Kitchen appliances firm TTK Prestige on Wednesday reported 62.76 per cent decline in net profit to Rs. 9.76 crore for the quarter ended March 31, 2015.

It had posted a net profit of Rs. 26.21 crore in the January-March period of 2013-14 fiscal, the company said in a BSE filing. TTK Prestige’s net sales were up 5.02 per cent at Rs. 286.21 crore in the fourth quarter as against Rs. 272.52 crore in the same period of 2013-14.

During 2014-15 fiscal, TTK Prestige reported a decline of 17.41 per cent in net profit to Rs. 92.32 crore as against net profit of Rs. 111.79 crore in the previous fiscal. Net sales during fiscal 2014-15 were up 7.30 per cent at Rs. 1,388.29 crore as against 1,293.83 crore in 2013-14.

Meanwhile, in a separate filing TTK Prestige informed that its board has recommended a dividend of Rs. 22 per share. TTK Prestige shares were trading at Rs. 3,992 per scrip on BSE during afternoon trade, up 1.74 per cent on the BSE.

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