TTK Prestige Q1 net down 17% to Rs 22 crore

However, company's net sales were up 3.62% to Rs 348.57 crore in the reported quarter

Kitchen appliances firm TTK Prestige today reported a 17.19 per cent decline in standalone net profit at Rs 21.96 crore for the first quarter ended June 30.

The company had posted a net profit of Rs 26.52 crore in April-June period of 2014-15 fiscal, it said in a BSE filing.

However, TTK Prestige's net sales were up 3.62 per cent to Rs 348.57 crore in the reported quarter as against Rs 336.39 crore last year.

TTK Prestige shares were trading at Rs 3937.00 per scrip on BSE at 1300 hrs, down 3.91 per cent.