Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
18 January, 2021 08:01 IST
Titan Company quarterly net declines 37.81%
Source: IRIS | 29 Oct, 2020, 02.24PM
Rating: NAN / 5 stars.
Comments  |  Post Comment

Titan Company  disclosed a steep drop in standalone net profit for the quarter ended September 2020.  During the quarter, the profit of the company declined 37.81% to Rs 199.00 million from Rs 320.00 million  in the same quarter previous year.

Revenues for the quarter declined marginally 1.72% to Rs 4,389.00 million, compared with Rs 4,466.00 million for the prior year period.

Operating margin for the quarter was stable at 0.00 percent when compared to previous year period.  Operating profit was unchanged at Rs 0.00 million for the quarter, compared with the previous year period.

Earnings per share for the quarter stood at Rs 2.24, registering 37.95% decline over previous year period.

Quarterly Results - Standalone (Rs in mn)
As atSep - 20Sep - 19%Change
Net Profit199.00320.00(37.81)
Diluted EPS2.243.61(37.95)

Shares of the company declined Rs 39.05, or 3.18%, to trade at  Rs 1,189.70.  The total volume of shares traded  was  133,119 at the BSE (1.05 p.m., Thursday).

 Post Comment
Name Email
Security Code type    into this box
Related Articles
Allcargo Logistics CEO Prakash Tulsiani resigns - 18-Jan-2021 14:41
Gravita India signs agreement with Sorin Corporation - 18-Jan-2021 13:00
Caplin Point Lab subsidiary in partnership with JAMP Pharma Group - 18-Jan-2021 12:49
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer