Kitchen appliances firm TTK Prestige today reported 73.26 per cent decline in net profit at Rs 35.9 crore for the quarter ended June 30.
The company had posted a net profit of Rs 134.27 crore in the April-June quarter a year ago which included a one-time exceptional income of Rs 128.96 crore on account of monetisation of property development right.
Its total income stood at Rs 423.55 crore. It was Rs 359.45 crore in the corresponding period last fiscal, TTK Prestige said in a BSE filing.
The company said revenue figure, which is part of total income, is not strictly comparable with previous year since the previous year figures included excise duty which has now been subsumed after implementation of GST.
Shares of TTK Prestige were trading at Rs 5,841 on BSE, down 0.19 per cent, from the previous close.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app