TTK Prestige slips after flat Q2 numbers

TTK Prestige fell 3.91% to Rs 3,345 at 10:23 IST on BSE after the company reported flat net profit growth in Q2 September 2013 over Q2 September 2012.

The result was announced on Saturday, 12 October 2013.

Meanwhile, the BSE Sensex was up 71.93 points, or 0.35%, to 20,600.52.

On BSE, 7,354 shares were traded in the counter compared with average volume of 4,100 shares in the past one quarter.

The stock hit a high of Rs 3,388 and a low of Rs 3,175.75 so far during the day. The stock hit a 52-week high of Rs 3,899 on 15 July 2013. The stock hit a 52-week low of Rs 2,870 on 16 April 2013.

The stock had underperformed the market over the past one month till 11 October 2013, sliding 5.47% compared with the Sensex's 2.66% rise. The scrip had also underperformed the market in past one quarter, falling 9.95% as against Sensex's 4.33% rise.

The mid-cap company has an equity capital of Rs 11.64 crore. Face value per share is Rs 10.

TTK Prestige's net profit rose marginally by 0.1% to Rs 30.30 crore on 3% increase in net sales to Rs 345.54 crore in Q2 September 2013 over Q2 September 2012.

Profit from ordinary activities before other income, finance costs and exceptional items fell 17.09% to Rs 40.42 crore in Q2 September 2013 over Q2 September 2012.

TTK Prestige makes kitchen appliances under 'Prestige' brand.

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