TTK Prestige net profit dips 62pc to Rs 9.76 crore in Q4

Kitchen appliances firm TTK Prestige today 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.
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.