Titan Ind Q1 net profit up at Rs 32.2 cr

Published on Thu, Jul 31, 2008 at 16:51 |  Source : CNBC-TV18

Updated at Fri, Aug 01, 2008 at 11:04  

30773 Investors following Titan Ind. Share this News with them.
0
0
Share on Tumblr

Titan Industries has declared its first quarter results. The company's Q1 standalone net profit was up at Rs 32.2 crore versus Rs 12.6 crore. Its - OPM were at 6.9% versus 6.15%.

Its standalone net sales were at Rs 810.3 crore versus Rs 666.6 crore. Its Effective tax rate was at 26.7% versus 19%.

Its operating profit was up 52% at Rs 56.8 crore versus Rs 37.3 crore on YoY basis.

Analysis:

  • Topline slightly lower than estimates
  • Lower than expected growth in watches and precision engineering
  •  NO updates but guessing better cost control inspite of higher gold prices ahve helpd in better margins
  • Lower tax rate has spurred bottomline; however would have been Rs 29cr with full tax rate of 34% - ahead than expectations of Rs 22 cr.

Particulars Jun-08 Dec-08 Sep-07
Net Sales / Interest Earned / Operating Income 810.31 813.45 725.11
Other Income 0.83 0.45 0.41
Total Income 811.14 813.9 725.52
Expenditure -754.25 -763.37 -645.46
Operating Profit 56.89 50.53 80.06
Interest -5.21 -5.12 -3.93
Profit Before Depreciation and Tax 51.68 45.41 76.13
Depreciation -7.73 -7.35 -7.24
Profit before Tax 43.95 38.06 68.89
Tax -11.73 -7.22 -22.59
Net Profit 32.22 30.84 46.3
Equity Capital 44.39 44.39 44.39

  

Trending News

Business News

22-inch Android tablet from ViewSonic to be unveiled at Computex
Why are states so reluctant to cut petrol taxes? "Why are states so reluctant to cut petrol taxes?"

Kolkata Knight Riders win maiden IPL title

Sources Say just In EGoM On Mahan Coal Block Clearance To Meet On May 30

The latest earning numbers FIRST on CNBC-TV18
Videos

May 25 2012, 22:26

NHPC posts profit amid capacity addition, delay woes

- in Results Boardroom

Interviews

May 27 2012, 11:52 | Source: CNBC-TV18

Expect to maintain EBIDTA margin ahead: Wockhardt  

May 27 2012, 11:00 | Source: CNBC-TV18

e-commerce market in India: What's in store?  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!