Titan Securities Limited Announces Consolidated and Standalone Unaudited Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2016
January 28, 2017 at 06:06 pm IST
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Titan Securities Limited announced consolidated and standalone unaudited earnings results for third quarter and nine months ended Dec. 31, 2016. For the quarter, consolidated the company reported net sales/income from operations of INR 145.833 million, profit from operations before other income and finance costs and exceptional items of INR 13.812 million, profit from ordinary activities before tax of INR 10.1 million, net profit of INR 4.23 million or INR 0.155 basic and diluted per share compared to the net sales/income from operations of INR 143.501 million, profit from operations before other income and finance costs and exceptional items of INR 13.461 million, profit from ordinary activities before tax of INR 8.354 million, net profit of INR 6.717 million or INR 0.268 basic and diluted per share for the same quarter a year ago.
For the year to date, the consolidated company reported net sales/income from operations of INR 410.341 million, profit from operations before other income and finance costs and exceptional items of INR 35.74 million, profit from ordinary activities before tax of INR 25.789 million, net profit of INR 15.775 million or INR 0.63 basic and diluted per share compared to the net sales/income from operations of INR 483.4 million, profit from operations before other income and finance costs and exceptional items of INR 33.56 million, profit from ordinary activities before tax of INR 29.844 million, net profit of INR 20.622 million or INR 0.824 basic and diluted per share for the same period a year ago.
For the quarter, the standalone company reported net sales/income from operations of INR 22.303 million, profit from operations before other income and finance costs and exceptional items of INR 1.371 million, profit from ordinary activities before tax of INR 1.329 million, net profit of INR 1.365 million or INR 0.054 basic and diluted per share compared to the net sales/income from operations of INR 5.758 million, loss from operations before other income and finance costs and exceptional items of INR 0.895 million, profit from ordinary activities before tax of INR 0.854 million, net profit of INR 0.854 million or INR 0.034 basic and diluted per share for the same quarter a year ago.
For the year to date, the standalone company reported net sales/income from operations of INR 33.523 million, profit from operations before other income and finance costs and exceptional items of INR 3.208 million, profit from ordinary activities before tax of INR 3.065 million, net profit of INR 2.774 million or INR 0.111 basic and diluted per share compared to the net sales/income from operations of INR 30.405 million, profit from operations before other income and finance costs and exceptional items of INR 0.809 million, profit from ordinary activities before tax of INR 2.385 million, net profit of INR 1.931 million or INR 0.077 basic and diluted per share for the same period a year ago.
Titan Securities Limited is an India-based non-banking financial company. The Company is engaged in financial activities. It operates through Non-banking Financial Company activities segment. The Companyâs main business is to invest its funds in financial services. It deals in shares and securities of all types of listed and unlisted securities, bonds, debentures and others. The Company makes its own investments in shares, securities, bonds, and other securities. It deals in short-term or long-term finances for business entities. It also deals in project consultation activities, such as offering consultation regarding mergers, acquisitions, the takeover of companies, hotels, resorts and industrial units, factories, mills and others. The activities involve viability study of various companies. The study also involves ratio analysis and study of financial indicators of the Company. It also arranges financing for companies both domestically, as well as through foreign investments.