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TTK Prestige announces temporary closure of plants

Capital Market 

TTK Prestige on Monday (23 March 2020) said it shut its operation at manufacturing units at Hosur and Coimbatore in Tamil Nadu from 24 March till 31 March 2020.

Shares of TTK Prestige was up 0.03% at Rs 4,135.90. The scrip hit its 52-week low of Rs 4,050 in intraday trade.

The company's consolidated net profit rose 4.9% to Rs 61.13 crore on a 1.1% fall in net sales to Rs 587.27 crore in Q3 December 2019 over Q3 December 2018.

TTK Prestige operates through two segments: kitchen appliances and property & investment.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 24 2020. 14:16 IST