Titan Company falls despite reporting 5% rise in Q4 consolidated net profit
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Titan Company is currently trading at Rs. 3308.00, down by 227.40 points or 6.43% from its previous closing of Rs. 3535.40 on the BSE.
The scrip opened at Rs. 3481.10 and has touched a high and low of Rs. 3485.00 and Rs. 3287.00 respectively. So far 207500 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3885.00 on 30-Jan-2024 and a 52 week low of Rs. 2666.55 on 05-May-2023.
Last one week high and low of the scrip stood at Rs. 3619.00 and Rs. 3287.00 respectively. The current market cap of the company is Rs. 292778.56 crore.
The promoters holding in the company stood at 52.90%, while Institutions and Non-Institutions held 29.46% and 17.64% respectively.
Titan Company has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The company has reported 7.08% rise in its net profit at Rs 786 crore for the quarter under review as compared to Rs 734 crore for the same quarter in the previous year. Total income of the company increased by 16.30% at Rs 11,407 crore for Q4FY24 as compared Rs 9,808 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 4.76% rise in its net profit at Rs 771 crore for fourth quarter ended March 31, 2024 as compared to Rs 736 crore for the same quarter in the previous year. Total income of the company increased by 20.80% at Rs 12,653 crore for Q4FY24 as compared Rs 10,474 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 6.33% rise in net profit at Rs 3544 crore as compared to Rs 3333 crore for the previous year. Total income of the company increased by 23.48% at Rs 47,624 crore for year under review as compared to Rs 38,569 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 6.78% rise in its net profit at Rs 3,496 crore as compared to Rs 3,274 crore for the previous year. Total income of the company increased by 26.26% at Rs 51,617 crore for year under review as compared to Rs 40,883 crore for year ended March 31, 2023.
