TTK Healthcare has tanked 11% to Rs 566 falling 15% from intra-day’s high, on reporting a 40% year-on-year (yoy) fall in net profit at Rs 2.25 crore for the quarter ended March 31, 2013 (Q4) due to poor performance from its consumer products distribution segment. The pharmaceutical company had profit of Rs 3.72 crore in a year ago quarter.
Net sales too, declined by 2.5% at Rs 85.80 crore against Rs 88 crore in the corresponding quarter of previous fiscal.
The company’s consumer products distribution consists of marketing and distribution of EVA range of cosmetics and others have recorded loss before tax and interest at Rs 3.39 crore against profit of Rs 26 lakh during the recently concluded quarter.
The stock opened at Rs 650 and hit a high of Rs 664 on NSE before the announcement of Q4 results. A combined 804,137 shares have changed hands on the counter so far on NSE and BSE.
Net sales too, declined by 2.5% at Rs 85.80 crore against Rs 88 crore in the corresponding quarter of previous fiscal.
The company’s consumer products distribution consists of marketing and distribution of EVA range of cosmetics and others have recorded loss before tax and interest at Rs 3.39 crore against profit of Rs 26 lakh during the recently concluded quarter.
The stock opened at Rs 650 and hit a high of Rs 664 on NSE before the announcement of Q4 results. A combined 804,137 shares have changed hands on the counter so far on NSE and BSE.
