The company‘s Q3 EBITDA rose 8.8 percent to Rs 149 crore, but its operating profit margin fell 460 basis points to 27.4 percent on higher expenses year-on-year. Sharma, however, is bullish on margins coming around 28 percent in the next few quarters.
TTK Prestige attributes flat growth in the second quarter to bad market conditions in the Southern areas of the country. Meanwhile, the company is hopeful of better topline and bottomline growth going forward.