Wednesday 21 January 2015

TTK Prestige declines on reporting 5% drop in Q3 net profit

     TTK Prestige has registered a fall of 4.85% in its net profit after tax at Rs 28.06 crore for third quarter ended December 31, 2014 as compared to Rs 29.49 crore for the same quarter in the previous year. However, total income of the company has increased 3.63% at Rs 385.48 crore for Q3FY15 as compared Rs 371.97 crore for the corresponding quarter previous year.
     TTK Prestige, one of the oldest business houses in the country. Having initially pioneered and established a network of distribution, TTK Prestige moved to manufacturing, post-independence. Being a dynamic and fast growing company, it soon became the leading manufacturer of Pressure cookers in India and offered the most comprehensive range of kitchenware in the world.
     TTK Prestige is currently trading at Rs. 3610.00, down by 158.45 points or 2.88% from its previous closing of Rs. 3768.45 on the BSE.

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