Kitchen appliances firm TTK Prestige on Wednesday reported 62.76 per cent decline in net profit to Rs. 9.76 crore for the quarter ended March 31, 2015.
It had posted a net profit of Rs. 26.21 crore in the January-March period of 2013-14 fiscal, the company said in a BSE filing. TTK Prestige’s net sales were up 5.02 per cent at Rs. 286.21 crore in the fourth quarter as against Rs. 272.52 crore in the same period of 2013-14.
During 2014-15 fiscal, TTK Prestige reported a decline of 17.41 per cent in net profit to Rs. 92.32 crore as against net profit of Rs. 111.79 crore in the previous fiscal. Net sales during fiscal 2014-15 were up 7.30 per cent at Rs. 1,388.29 crore as against 1,293.83 crore in 2013-14.
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Meanwhile, in a separate filing TTK Prestige informed that its board has recommended a dividend of Rs. 22 per share. TTK Prestige shares were trading at Rs. 3,992 per scrip on BSE during afternoon trade, up 1.74 per cent on the BSE.