TTK Prestige shares surge over 7% on 122% rise in Q4 net profit

By: | Updated: May 23, 2016 4:22 PM

TTK Prestige shares soared over 7 per cent intraday after the company reported 121.52 per cent rise in net profit figures at Rs 21.62 crore for the quarter ended March 31, 2016.

TTK PRESTIGE BSE SENSEX NSE NIFTYTTK Prestige shares soared over 7 per cent intraday after the company reported 121.52 per cent rise in net profit figures at Rs 21.62 crore for the quarter ended March 31, 2016. (Photo: Reuters)

TTK Prestige shares soared over 7 per cent intraday after the company reported 121.52 per cent rise in net profit figures at Rs 21.62 crore for the quarter ended March 31, 2016. It had posted a net profit of Rs 9.76 crore in the corresponding quarter a year ago.

At 12.41 pm, shares of TTK Prestige were trading 7.06 per cent up at Rs 4,656. The scrip opened at Rs 4,426 and has touched a high and low of Rs 4,670 and Rs 4,400, respectively, in trade. Later, the scrip settled the day 5.94 per cent up at Rs 4607.10.

Net sales of the company jumped 7.5 per cent year-on-year to Rs 307.72 crore in the quarter under review. The company reported net sales of Rs 286.21 crore in the same quarter last year.

For the year ended March 2016, the company registered net profit of Rs 114.82 crore, up 24.37 per cent, against Rs 92.32 crore last year.

In the past one year, the share price of TTK Prestige advanced 8.61 per cent to Rs 4348.80 on May 20, whereas BSE Sensex slid 9.11 per cent during the same period.

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