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Kitchenware maker TTK Prestige today posted a 58 per cent increase in its net profit of Rs 25.34 crore for the quarter ended June 30, 2011 as against the same period last fiscal.
The company had a net profit of Rs 16.03 crore in the quarter ended June 30, 2010, TTK Prestige said in a filing to the Bombay Stock Exchange (BSE).
During the quarter under review, the company’s net sales increased by 60.39 per cent to Rs 233.14 crore. In the corresponding quarter last fiscal, it had net sales of Rs 145.35 crore.
In the year ended March 30, 2011, the firm reported a net profit of Rs 83.75 crore while it had net sales of Rs 763.57 crore.
Shares of TTK Prestige closed at Rs 2,794.65 on the BSE, up 1.35 per cent from the previous close.
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