TTK Prestige Q4 results: Net profit plummets 25% YoY, Board declares 600% dividend

During today’s closing session, TTK Prestige, a mid size firm, has a market cap of 9,711.30 Cr. TTK Prestige is renowned for its cutting-edge and well-liked kitchen and home items, leading the category with high-quality products. The corporation has announced its Q4 and FY23 results as well as a 600% dividend. 

“The Board has recommended a dividend of Rs. 6/- per share of Face Value of Rs. 1/- each i.e. 600% for the financial year 2022-23, which shall be paid / despatched within 21 days from the date of AGM, subject to the approval of the Shareholders,» said TTK Prestige in a stock exchange filing.

During Q4FY23 its net income stood at 627.94 Cr down by 11.67% YoY from 710.88 Cr in Q4FY22. During the quarter ended March 2023, its net profit reached 59.45 Cr down by 25.71% YoY from 80.02 Cr during the quarter ended March 2022. The EPS of TTK Prestige reached 4.29 during the quarter under review down by 25.65% YoY from 5.77 in the year-ago quarter.

During the financial year ended March 2023, its net income reached 2822.79 Cr up by 2.37% YoY from 2757.50 Cr in FY22. Its net profit reached 254.17 Cr in 12MFY23 down by 16.62% YoY 304.84 Cr in 12MFY22. The EPS of TTK Prestige stood at 18.34 down by 16.60% YoY from 21.99 in 12MFY22.

The shares of TTK Prestige closed today on the BSE at 699.20 apiece down by 3.61% from the previous close of 725.35. The stock touched a 52-week-high of 1,051.00 on (13/09/2022) and a 52-week-low of 652.10 on (28/03/2023).

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