TTK Prestige - Q4 FY12 Results First Cut - Microsec Research

TTK Prestige announced its Q4 FY12 results on 04 May 2012. The company's Net Sales increased by 28% to INR232 crore YOY and PAT increased by 19% to INR20 crore. EBITDA margin of the company improved from 13.1% to 13.6%.

On Yearly basis, its net sales increased by 45% to INR1103 crore and PAT increased by 35% to INR113 crore resulting an EPS of INR100.1. At the CMP of INR3510 the stock discounts its FY13E EPS of INR122 by 28.7x. We advise the investors to SELL the Stock for a Target price of INR3294.

Shares of TTK Prestige closed on Friday at Rs.3508.40, down by Rs.94.85 or 2.63%. The stock hit an intraday high of Rs.3655 and low of Rs.3475.

The total traded quantity was 0.54 lakhs compared to 2 week average of 0.27 lakhs.

Source : Equity Bulls

Keywords