TTK Prestige Limited
NSE Symbol TTKPRESTIG
TTK PRESTIGE LTD has turned out good performance in Q1 FY 2012 ending June,2011.
Net Sales at Rs.233.14 cr is higher than Q4 FY 11 by 28.16% and by 60.4% from Q1 FY 2011.
Total Expenditure at Rs.197.08 cr – is up by 23.79% from Q4 FY11 and up by 59.67% from Q1 FY11.
Profit from Operations is Rs.36.06 cr – up by 58.85% from Q4 FY 11; and up by 64.51% from Q1 FY11.
Profit before tax is Rs.36.32 cr – up by 53.96% from Q4 FY 11 ; and up by 59.93% from Q1 FY 11.
Net Profit is Rs.25.34 cr – up by 52.38% from Q4 FY 11; and up by 58.08% from Q1 FY 11.
Basic EPS on a face Value of Rs.10 is – Rs.22.38 in Q1 FY 12 – against Rs.14.69 in Q4 FY 11; and Rs.14.16 in Q1 FY11. At this rate, the annualized EPS for FY 12 will be Rs.22.38 x 4 =Rs.89.52.
At the current MP of Rs. 2797.50 on a Face value of Rs.10, the PE Ratio works out to 31.25. TTK PRESTIGE is performing well and has good future Plans.
ANNOUNCEMENTS TO NSE
30-06-2011 Ttk Prestige has successfully concluded a long term settlement covering all its workmen at the Hosur unit of the Company. This settlement provides for significant increase in productivity.
24-06-2011 Ttk Prestige Limited has informed the Exchange regarding the following updates on the Company : (1) Acquisition of land in Gujarat : The Company has completed acquisition of over 60 Acres of land in Vadodara district and is in the process of necessary clearances and approvals for setting up manufacturing facilities; (2) Property Development : The proposed development of residential cum office complex at Dooravaninagar, Bangalore has just commenced; (3) Performance during the first 2 months of the current financial year : During the 2 months from April 01, 2011 to May 31, 2011 the growth in Turnover of the Company is more than 69% as compared to the corresponding previous year from 93.79 crores to Rs.158.80 crores.
25-05-2011 Spurt in Volume : Substantial increase in trading volumes has been observed in TTK Prestige Limited . The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. TTK Prestige Limited has vide its letter inter-alia stated, " Pursuant to the MOU signed with the Government of Gujarat for establishing manufacturing facilities in Gujarat, the company is in process of expansion of its facilities in Coimbatore and Uttarakhand. Pursuant to the decision taken to expand the facilities including establishing new facilities in Gujarat, the company is in the process of negotiation for acquisition of plant and machinery. The company has identified plant and machinery in Italy and will be paying advance for the same shortly."
05-05-2011 Ttk Prestige press release, titled "TTK Prestige's net increases by 60%".
04-05-2011 Ttk Prestige Board of Directors of the Company at its meeting held on May 04, 2011 have recommended a dividend of Rs.12.50 per share.
02-02-2011 Ttk Prestige Limited has informed the Exchange regarding a press release dated January 19, 2011, titled "Surge in Sales and Profits of TTK Prestige Ltd; Sales up by 61% and PAT up by 91%".
12-01-2011 Ttk Prestige Limited has informed the Exchange that TTK Prestige Limited is signing an MOU with Government of Gujarat for establishing a state of art facility for manufacture of Pressure Cookers and Kitchenware.
RESULTS TABLE
| TTK Prestige | 30-Jun-11 | 31-Mar-11 | 30-Jun-10 |
| Net Sales | 23314 | 18191 | 14535 |
| Increase in SIT / WIP | -7 | -1955 | -611 |
| Raw Materials | 5151 | 4745 | 4110 |
| Traded Goods | 7053 | 6978 | 3905 |
| Employees Cost | 1601 | 1302 | 1167 |
| Depreciation | 107 | 112 | 98 |
| Other Expenditure | 5803 | 4739 | 3674 |
| Total Expenditure | 19708 | 15921 | 12343 |
| Profit from Operations | 3606 | 2270 | 2192 |
| Other Income | 75 | 111 | 96 |
| Interest | 49 | 22 | 17 |
| Profit before tax | 3632 | 2359 | 2271 |
| Tax expense | 1098 | 696 | 668 |
| Net Profit | 2534 | 1663 | 1603 |
| Face Value (In Rs | 10 | 10 | 10 |
| Paid Up Equity | 1132 | 1132 | 1132 |
| Basic EPS | 22.38 | 14.69 | 14.16 |
| Public holding (%) | 25.08 | 25.08 | 25.08 |
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