Meanwhile, the S&P BSE Sensex was down 40.90 points or 0.2% at 20,206.43.
On BSE, 23,999 shares were traded in the counter as against average daily volume of 6,096 shares in the past one quarter.
The stock hit a high of Rs 3,750 and a low of Rs 3,451 so far during the day. The stock had hit a record high of Rs 3,996 on 10 October 2012. The stock had hit a 52-week low of Rs 2,650 on 4 June 2012.
The stock had outperformed the market over the past one month till 16 May 2013, surging 15.04% compared with the Sensex's 8.01% rally. The scrip had, however, underperformed the market in past one quarter, gaining 0.51% as against Sensex's 4% rise.
The company has equity capital of Rs 11.32 crore. Face value per share is Rs 10.
Shares of TTK Prestige have surged 7.36% in two trading sessions from Rs 3,371.65 on 15 May 2013, after the company during trading hours on Thursday, 16 May 2013, reported strong Q4 earnings. The stock had risen 2.25% to settle at Rs 3,447.55 on Thursday, 16 May 2013.
TTK Prestige's net profit surged 42% to Rs 28.03 crore on 21.8% growth in net sales to Rs 283.27 crore in Q4 March 2013 over Q4 March 2012. Earnings before interest, taxation, depreciation and amortization (EBITDA) jumped 32.5% to Rs 43.91 crore in Q4 March 2013 over Q4 March 2012. EBITDA margin improved to 15.2%, from 14.4% in Q3 December 2012 and 14.01% in Q4 March 2012.
TTK Prestige's net profit rose 17.4% to Rs 133.09 crore on 23.1% growth in net sales to Rs 1358.48 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012). EBITDA rose 18.5% to Rs 208.46 crore in FY 2013 over FY 2012. EBITDA margin declined to 15.04%, from 15.67% in FY 2012.
With regard to the future business outlook, TTK Prestige said it expects the economy will get into growth mode from July/August 2013 based on the monsoon progress. The various power projects in Tamil Nadu are also expected to come into stream during July-September 2013, the company said. The company expects to register reasonable growth from Q2 September 2013 onwards as all geographies are expected to have growth in consumption.
TTK Prestige said it has slated for introduction of a slew of new models in various categories to maintain its leadership in innovation and product offering. The company added that it will continue to invest substantial amounts in brand promotion.
TTK Prestige makes kitchen appliances under 'Prestige' brand.
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