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Shares of TTK Prestige were trading down by over one per cent despite the company posting a 11.23 per cent increase in consolidated net profit.
Shares of the kitchen appliances firm opened the session down at Rs 6,140.05 against the previous close of 6,169.80, touched an intraday high of Rs 6,250 and a low of Rs 6,100 on the BSE.
At 1.20 pm local time, the company shares were trading lower by 0.79 per cent at Rs 6,121.05 and down by 1.21 per cent at Rs 6,107.70 on the NSE.
PTI reports:
The company has posted a 11.23 per cent increase in consolidated net profit at Rs 43.28 crore for the second quarter ended September 30. The net profit stood at Rs 38.91 crore in July-September period of the previous fiscal.
Its total income went up by 8.87 per cent at Rs 547.37 crore during the quarter under review against Rs 502.73 crore last year.
Earlier in August, the company had announced the launch of ‘Judge brand of kitchen appliances in India.
The UK brand, which is part of TTK Prestige-owned Horwood Homewares, aims to offer SEC (Socio Economic Classes) ‘B’ and ‘C’ demographic across Tier III, IV and V cities in India, quality kitchen solutions at price points that are 20-30 per cent lower than Prestige.
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