TTK PRESTIGE Announces Quarterly Results (3QFY21); Net Profit Up 42.1%

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TTK PRESTIGE Announces Quarterly Results (3QFY21); Net Profit Up 42.1%
Thu, 11 Feb

TTK PRESTIGE has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

TTK PRESTIGE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m5,4615,9026,79415.1%24.4%
Other incomeRs m57728417.6%47.9%
TurnoverRs m5,5185,9746,87815.1%24.7%
ExpensesRs m4,6305,0425,61211.3%21.2%
Gross profitRs m8308601,18237.4%42.4%
DepreciationRs m90941005.9%11.7%
InterestRs m771047.8%35.6%
Profit before taxRs m7918311,15639.2%46.3%
TaxRs m18120929139.2%60.5%
Profit after taxRs m60962286539.2%42.1%
Gross profit margin%15.214.617.4
Effective tax rate%22.925.225.2
Net profit margin%11.010.412.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 24.4% on a year-on-year (YoY) basis. The expenses were up by 21.2% YoY during the same period.
  • The company's operating profit increased by 42.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.4% in 3QFY21 as against 15.2% in 3QFY20.
  • Depreciation charges increased by 11.7% and finance costs increased by 35.6% YoY, respectively.
  • Other income increased by 47.9% YoY during the quarter.
  • Net profit for the quarter increased by 42.1% YoY. Net profit margins during the quarter increased from 11.0% in 3QFY20 to 12.6% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.3% QoQ during the same period.
  • The company's operating profit increased by 37.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.4% in 3QFY21 as against 14.6% in 2QFY20.
  • Net profit for the quarter increased by 39.2% QoQ, while net profit margins increased from 10.4% in 2QFY20 to 12.6% in 3QFY21.

To see how TTK PRESTIGE has performed over the last eight quarters,please visit here.

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TTK PRESTIGE Share Price Performance

Over the last one year, TTK PRESTIGE share price has moved up from Rs 5,803.0 to Rs 7,305.6, registering a Gain of Rs 1,502.6 or around 25.9%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 33,119.4 (down 0.6%). Over the last one year it has moved up from 26,812.2 to 33,119.4, a gain of 6,307 points (up 23.5%).

Overall, the S&P BSE SENSEX is up 25.8% over the year.

Current Valuations

At the current price of Rs 7,305.6, the price to earnings (P/E) ratio of TTK PRESTIGE stands at 48.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.3 times.

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Related Views on News

TTK PRESTIGE 2018-19 Annual Report Analysis (Annual Result Update)

Jul 23, 2019 | Updated on Jul 23, 2019

Here's an analysis of the annual report of TTK PRESTIGE for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of TTK PRESTIGE. Also includes updates on the valuation of TTK PRESTIGE.

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