TTK Prestige Q2 net down 12% at Rs 30 cr; stock falls 5%
Kitchen appliances maker TTK Prestige's net profit fell by 12% to Rs 30 crore in the quarter ended September 2012 from Rs 34 crore in a year ago period.
October 12, 2012 / 14:27 IST
Kitchen appliances maker TTK Prestige's net profit fell by 12% to Rs 30 crore in the quarter ended September 2012 from Rs 34 crore in a year ago period.
Net sales rose by 10.5% to Rs 335.5 crore from Rs 303.5 crore during the same period.Operating margin went down by 100 basis points to 14.8% in the second quarter of FY13 from 15.8% in the previous quarter.T Jagannathan, chairman of TTK group of companies said raw material cost and depreciation in rupee impacted margins. At 14:19 hours IST, the share was trading at Rs 3,470, down 5.29% amid large volumes. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
