TTK Prestige Ltd. Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 18, 2016 at 01:15 pm IST
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TTK Prestige Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net profit of INR 372.0 million or INR 31.96 per basic and diluted share after extraordinary items (not to be annualized) on total income from operations of INR 4,478.3 million against net profit of INR 280.6 million or INR 24.10 per basic and diluted share after extraordinary items (not to be annualized) on total income from operations of INR 3,837.4 million a year ago. Profit from ordinary activities before other income, finance costs and exceptional items was INR 549.5 million compared to INR 424.8 million a year ago. Profit from ordinary activities before tax was INR 544.3 million against INR 407.0 million a year ago. EBITDA recorded an impressive growth of 27% from INR 472.5 million to INR 601 million.
For the nine months, the company reported net profit of INR 932.0 million or INR 80.06 per basic and diluted share after extraordinary items (not to be annualized) on total income from operations of INR 12,174.0 million against net profit of INR 825.6 million or INR 70.92 per basic and diluted share after extraordinary items (not to be annualized) on total income from operations of INR 11,020.8 million a year ago. Profit from ordinary activities before other income, finance costs and exceptional items was INR 1,342.7 million compared to INR 1,167.3 million a year ago. Profit from ordinary activities before tax was INR 1,352.9 million against INR 1,192.3 million a year ago. EBITDA before extraordinary items grew by 15.28% from INR 1.35 billion to INR 1.56 billion.
TTK Prestige Limited is an India-based company, which is primarily engaged in the business of kitchen and home appliances. The Company's product categories include pressure cooker, cookware, cooktops, kitchen appliances, mixer grinder, gas stove and others. Its home solutions include gravity water purifier, electric water purifier, copper water dispenser, copper bottles, bottles, flasks, cleaning tools, ladders and others. It offers Flip-On Cooker, Durastone Fry Pan, Svachh Neo Gas Stove, Endura Mixer Grinder, IoT Kettle and others. The Company's subsidiaries include TTK British Holdings Limited and Horwood Homewares Limited.