TTK PRESTIGE PERFORMS WELL IN FY 10

TTK PRESTIGE

RESULTS FY 09 WITH FY 10

Review

Net sales has gone from  Rs.40128 lakhs in  FY 09 to Rs.50794 lakhs in FY 10, an increase of Rs.10666 lakhs, or 26.58 percent increase.

Net profit has gone up from Rs.2238 lakhs to Rs.5244 lakhs, an increase of Rs.3006 lakhs or 134.32 percent over last year.

 Basic EPS has increased from  Rs.19.77  to Rs.42.98 on a face value of Rs.10.

On the current price of about Rs.617, the P/E works out to 14.36 which leaves scope for appreciation.

The company has increased the dividend from 50 percent in FY 09  to 100 percent in  FY 10.

 NOTE : Readers are invited to offer their opinions, suggestions,corrections,if any, etc and the same will be gratefully taken note of.

Results- Numbers

Description        2008-09(Rs. in lakhs)      2009-10(Rs. in lakhs)

Net Sales ::         40128  ::                50794

Increase/Decrease in SIT and  WIP :: 371               :: -488

Consumption of Raw Materials :: 11901 :: 12429

Purchase of traded goods :: 9873  :: 14522

Employees Cost               :: 3144 :: 3934

Depreciation ::  348  :: 359

Other Expenditure :: 11076  :: 12895

Total Expenditure  :: 36713  :: 43651

Other Income    :: 50  ::   114

Interest                :: 565    :: 114

Tax Expense ::   662         :: 2278

Extraordinary Items ::    -              :: -379

Net Profit  ::       2238       :: 5244

Dividend (%)     :: 50        ::100

Face Value (in Rs.)::        10           ::10

Paid-up Equity ::              1132       ::1132

Reserves :: 7117  ::           -

Basic EPS ::          19.77     ::42.98

Diluted EPS::      19.77     ::42.98

QUARTERLY RESULTS COMPARISON

Quarter Ended::               31-Mar-10:: 31-Dec-09   ::30-Sep-09 ::30-Jun-09  ::31-Mar-09

Particulars::Audited       ::Unaudited        ::Unaudited::     Unaudited          ::Audited                                            

Net Sales  ::  12351  :: 14673  ::    13935    ::  9835  :: 8532

Increase SIT and WIP :: -184  :: -654    :: 365     :: -15      ::20

 Raw Materials  ::3370    ::3298    ::3243    ::2518    ::2023

Purchase of Traded Goods::3796  ::  4776  ::  3597  ::  2353  ::  2579

Employees Cost               :: 951 :: 1020       :: 1033   :: 930     :: 818

Depreciation ::  104         :: 87        :: 85        :: 83        :: 100

Other Expenditure :: 2627 :: 3950 :: 3536  :: 2782  :: 2359

Total Expenditure  :: 10664  ::12477  ::     11859    :: 8651   :: 7899

Other Income ::                70  ::       33  :: 23 :: -12      :: 56

Interest :: 28      :: 17        :: 17        :: 52        :: 102

Tax expense      :: 545     :: 679     :: 673     :: 381     :: 236

Extraordinary Items        -95          -              -284       -              -

Net Profit :: 1279  :: 1533  :: 1693  :: 739   :: 351

Dividend (%)::   100         -              -              -              50

Face Value (In Rs):: 10   ::10         ::10         ::10         ::10

Paid Up Equity:                 1132       :: 1132   :: 1132   :: 1132   :: 1132

Basic EPS ::          11.3 ::    13.54     :: 14.96  :: 6.53    :: 3.1

ANNOUNCEMENTS BY THE COMPANY

TO THE EXCHANGE

04-05-2010          Ttk Prestige Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 04, 2010 have recommended a dividend of Rs.10.00 per share.        -

27-04-2010          Ttk Prestige Limited has informed the Exchange that at the Sub Committee meeting of the Board held on April 27, 2010, Directors annulled 400 shares which were forfeited earlier, consequent to receipt of allotment money with interest received from the shareholder. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here. -

06-04-2010          Ttk Prestige Ltd. has informed the Exchange regarding "Launch of New Range of Inner Lid Pressure Cookers - Prestige Apple". The details of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.            -

31-03-2010          Ttk Prestige Ltd. has informed the Exchange regarding "Launch of Microwave Pressure Cooker." The details of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.          -

29-03-2010          Ttk Prestige Ltd. has informed the Exchange that the Company has commenced commercial production at its new unit (Unit II) situated at Roorkee, Uttarakhand. This new unit is established to produce a wide range of Kitchen appliances including Gas stoves, Induction cook tops, Mixer grinders, Rice cookers and a wholly new range of pressure cookers/cookware.         -

19-03-2010          Ttk Prestige Ltd. has informed the Exchange that the Company is launching a whole new range of Induction Stoves. These stoves are very safe as there is no flame and are more energy efficient. The pressure cookers and cookware needed for these stoves require a special base which is induction compatible. The Company is launching a whole new range of pressure cookers and cookware with induction base using dedicated imported machinery. These products can also be used on conventional gas stoves and hobs.