TTK PRESTIGE= Q3 FY 2012 =Q/E DEC,2011 = NPT UP 18%YOY; Q'EPS:Rs.30.54 = Excellent Growth = Future promising

TTK Prestige Limited

TTK PRESTIGE has declared excellent Results for the Q/E Dec,2011.

Net Sales has increased to Rs.334.33 cr in current qtr ending Dec,2011 – compared to Rs.303.48 cr in previous qtr ending Sep,2011 (Up by 10.17%) – and Rs.236.45 Cr in the corresponding Qtr ending Dec’2010 (Up by 41.4%).

Raw Materials stands at Rs.74.17 in current Qtr – compared to Rs.70.18 cr(Up by 5.69%) in previous qtr , and Rs.52.06 cr(Up by 42.47%) in corresponding qtr.

Traded Goods stands at Rs.153.51 cr in current Qtr – compared to Rs.104.80 cr (Up by 46.48%) in previous qtr and Rs.68.40 cr (Up by 124.43%) in corresponding Qtr.

Total Expenditure stands at Rs.283.46 Cr – in current Qtr – compared to Rs.254.97 Cr (up by 11.17%) in previous qtr – and Rs.195.36 cr(Up by 45.1%) in corresponding Qtr. Expenditure has increased slightly more than proportionately – compared to Sales.

Profit from Operations stands at Rs.50.87 Cr in current Qtr – compared to Rs.48.51 (Up by 4.86%) in previous Qtr and  Rs.41.09 cr (Up by 23.8%) in corresponding Qtr.

Profit before tax  stands at Rs.49.60 Cr in current Qtr – compared to Rs.48.24 cr (Up by 2.82%) in previous qtr – and Rs.42.07 cr (Up by 17.9%) in corresponding Qtr.

Tax expense stands at Rs.15.03 Cr in current Qtr – compared to Rs.14.53 Cr (Up By3.44%) in previous Qtr – and Rs.12.78 Cr (Up By 17.61%) in corresponding Qtr.

Net Profit stands at Rs.34.57 cr in current Qtr – compared to Rs.33.71 cr (Up by 2.55%) in previous qtr and Rs.29.29 Cr (Up by 18.03%) in corresponding Qtr.

Basic EPS stands at Rs.30.54 in q/e Dec,11; Rs.29.78 in Q/e Sep,11; Rs.22.38 in Q/e June,11;  Rs.14.69 in Q/e March,11; and Rs.25.87 in Q/e Dec,11.

TTK Prestige has been improving its Sales and Profits consistently.

At this Rate, its annualized EPS can be around Rs.113.

CURRENT Market Price is around Rs.2307; while the 52 week high price is Rs.3175 and the 52 week low price  is Rs.1375.55.

The PE Ratio is  20.41. The company has sound expansion Plans and a Good Brand name. Its sales and Profits can get into higher trajectories in coming quarters.

RESULTS TABLE

TTK PRESTIGE	31-Dec-11	30-Sep-11	% DIF	30-Jun-11	31-Mar-11	31-Dec-10	%M DIF
Net Sales	33433	30348	10.17	23314	18191	23645	41.4
Increase in SIT/WIP	-3919	-662	492	-7	-1955	807	-585.63
Raw Materials	7417	7018	5.69	5151	4745	5206	42.47
Traded Goods	15351	10480	46.48	7053	6978	6840	124.43
Employees Cost	2144	1839	16.59	1601	1302	1439	48.99
Depreciation	193	129	49.61	107	112	112	72.32
Other Expenditure	7160	6693	6.98	5803	4739	5132	39.52
Total Expenditure	28346	25497	11.17	19708	15921	19536	45.1
Profit from Operations	5087	4851	4.86	3606	2270	4109	23.8
Other Income	127	99	28.28	75	111	116	9.48
Interest	254	126	101.6	49	22	18	1311.11
Profit before tax	4960	4824	2.82	3632	2359	4207	17.9
Tax expense	1503	1453	3.44	1098	696	1278	17.61
Net Profit	3457	3371	2.55	2534	1663	2929	18.03
Face Value (In Rs	10	10	0	10	10	10	0
Paid Up Equity	1132	1132	0	1132	1132	1132	0
Basic EPS	30.54	29.78	2.55	22.38	14.69	25.87	18.05
Public holding (%)	25.08	25.08	0	25.08	25.08	25.08	0

ANNOUNCEMENTS

BY THE COMPANY

12-01-2012          standalone Results for the quarter ended on 31-DEC-2011 as follows: Net Sales of Rs. 33433 lacs for quarter ending on 31-DEC-2011 against Rs. 30348 lacs for the quarter ending on 30-SEP-2011. Net Profit / (Loss) of Rs. 3457 lacs for the quarter ending on 31-DEC-2011 against Rs. 3371 lacs for the quarter ending on 30-SEP-2011.

05-01-2012          the Scheme of Amalgamation was approved by the Shareholders unanimously.

01-12-2011          the Court has directed that a meeting of the Equity Shareholders of the Company be held on December 24, 2011 for the purpose of considering and if thought fit, approving, with or without modification, the Scheme of Amalgamation between the Applicant Company and Prestige Housewares India Limited. 

18-08-2011          Ttk Prestige has considered the proposal for amalgamating Prestige Housewares India Limited (PHIL), a TTK Group Company with TTK Prestige Ltd. Further, the implementation of the above scheme will be after the approval of shareholders of TTK Prestige Ltd and PHIL and confirmation of the High Court of Chennai.  

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          (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's net increases by 60%".

04-05-2011          Ttk Prestige has recommended a dividend of Rs.12.50 per share. 

02-02-2011          Surge in Sales and Profits of TTK Prestige Ltd; Sales up by 61% and PAT up by 91%".

12-01-2011          Ttk is signing an MOU with Government of Gujarat for establishing a state of art facility for manufacture of Pressure Cookers and Kitchenware.

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