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Titan Company gains despite reporting 10% fall in Q3 consolidated net profit
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Titan Company is currently trading at Rs. 2411.25, up by 106.30 points or 4.61% from its previous closing of Rs. 2304.95 on the BSE.
The scrip opened at Rs. 2315.05 and has touched a high and low of Rs. 2424.50 and Rs. 2315.05 respectively. So far 34288 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2790.00 on 31-Oct-2022 and a 52 week low of Rs. 1827.15 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 2424.50 and Rs. 2268.90 respectively. The current market cap of the company is Rs. 213379.40 crore.
The promoters holding in the company stood at 52.90%, while Institutions and Non-Institutions held 28.83% and 18.26% respectively.
Titan Company has reported results for third quarter ended December 31, 2022. The company has reported fall of 3.65% in its net profit at Rs 951 crore for Q3FY23 as compared to Rs 987 crore for the corresponding quarter previous year. However, total income of the company increased by 14.59% to Rs 10,966 crore for the quarter under review as compared to Rs 9,570 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported fall of 9.78% in its net profit at Rs 913 crore for Q3FY23 as compared to Rs 1012 crore for the same quarter in the previous year. However, total income of the company increased by 15.89% to Rs 11,698 crore for the quarter under review as compared to Rs 10,094 crore for the same quarter in the previous year.
