TTK Healthcare Q4 net declines 40%

Board recommends a dividend of Rs 4 per equity share of Rs 10 each

City-based TTK Healthcare, part of the TTK Group, today reported a 39.6% decline in its net profit at Rs 2.24 crore for the fourth quarter ended March 31, 2013.

The company had reported a net profit of Rs 3.71 crore in the corresponding period of the previous fiscal, TTK Healthcare said in a BSE filing.

For the 2012-13 financial year, the net profit dipped by 9% to Rs 14.20 crore from Rs 15.62 crore registered during the previous fiscal.

Total income from operations in the fourth quarter declined to Rs 85.91 crore from Rs 88.07 crore registered during the same period of the 2011-12 fiscal.

For 2012-13 fiscal, total income from operations rose to Rs 382.29 crore from Rs 353.74 crore registered during the previous fiscal.

The Board, at its meeting held today, recommended a dividend of Rs 4 per equity share of Rs 10 each (40%) for the financial year ending March 31, 2013.

Shares of the company were trading at Rs 591.65 apiece in the afternoon, down by 6.62% over the previous close on the BSE.