Titan Company trades higher on reporting 40% rise in Q4 consolidated net profit
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Titan Company is currently trading at Rs. 2676.70, up by 22.35 points or 0.84% from its previous closing of Rs. 2654.35 on the BSE.
The scrip opened at Rs. 2675.10 and has touched a high and low of Rs. 2693.00 and Rs. 2656.60 respectively. So far 46113 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. 2693.00 and Rs. 2620.05 respectively. The current market cap of the company is Rs. 238321.76 crore.
The promoters holding in the company stood at 52.90%, while Institutions and Non-Institutions held 28.91% and 18.19% respectively.
Titan Company has reported 49.49% rise in its net profit at Rs 734 crore for fourth quarter ended March 31, 2023as compared to Rs 491 crore for the same quarter in the previous year. Total income of the company increased by 33.41% at Rs 9808 crore for Q4FY23 as compared to Rs 7352 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported rise of 39.66% in its net profit at Rs 736 crore for fourth quarter ended March 31, 2023 as compared to Rs 527 crore for the same quarter in the previous year. Total income of the company increased by 33.05% at Rs 10474 crore for Q4FY23 as compared to Rs 7872 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 52.89% rise in its net profit at Rs 3333 crore as compared to Rs 2180 crore for the previous year. Total income of the company increased by 40.48% at Rs 38569 crore for year under review as compared to Rs 27456 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 48.95% rise in its net profit at Rs 3274 crore as compared to Rs 2198 crore for the previous year. Total income of the company increased by 40.82% at Rs 40883 crore for year under review as compared to Rs 29033 crore for year ended March 31, 2022.
